Tag Archives: career

New Ideas Can Be Hard to Accept If Your Livelihood Depends on Status Quo

Quoting Upton Sinclair, “It is difficult to get a man to understand something when his salary depends on his not understanding it.”

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10 Golden Rules for Career Success with the 80/20 Principle

  1. “Specialize in a very small niche; develop a core skill
  2. “Choose a niche that you enjoy, where you can excel and stand a chance of becoming an acknowledged learner
  3. “Realize that knowledge is power
  4. “Identify your market and your core customers and serve them best
  5. “Identify where 20 percent of effort gives 80 percent of returns
  6. “Learn from the best
  7. “Become self-employed early in your career
  8. “Employ as many net value creators as possible
  9. “Use outside contractors for everything but your core skill
  10. “Use capital leverage” (p. 194)

Specializing in Your Career Brings Productivity

“…It is better to know a few things well, or preferably one thing exceptionally well, than it is to know many things superficially.

“Specialization is intrinsic to the 80/20 Principle. The reason that it operates….is that the productive fifth is much more specialized and suited to the task at hand than are the unproductive four-fifths.” (p. 195)