The Pareto principle states that roughly 80% of results come from only 20% of causes, helping business owners identify high-impact tasks.
Developed by Vilfredo Pareto in the 19th century, the principle originated from an observation about wealth distribution and is applicable in various areas.
The 80/20 rule aids in directing attention towards tasks, leads, and opportunities likely to be most profitable, emphasizing efficiency in decision-making and resource allocation.
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