I’m sure you’ve all heard of the 80/20 rule but probably not in the way we mean for this article in terms of economics. The 80/20 rule states that 80% of your results come from 20% of causes. It was observed by a man named Vilfredo Pareto in 1896. This principle explains the correlation between effort and outcome. So, how can this be applied to business? Using this technique can help prioritize tasks that are of highest impact throughout your work day. Here are a few detailed ways that you can use the Pareto Principle in your business.