THE 80 / 20 THEORY - For ALL Most of you, I am sure must have heard or read about it. Most didn’t understand it but a few did, not in the Light that I am going to focus - FRIENDS. In my Sales & Marketing Trainings coined as “+ (plus) - (minus) Zero” i.e. PERFECTIONIST!, had this in a way, as a dark horse - the Killer Instinct’s Differentiator for a WIN-WIN situation Friends if you catagorise, also falls under this Theory of 80 / 20. My dad always said, ‘you have A (one) Friend & then a FEW Friends; the rest are just Acquaintances (Lip sympathizers). The first 2 category falls under the 20 slot & the rest under the 80 slot An 80/20 Lifestyle Blueprint To start living 80/20 today you have only to do one thing – focus your energies on what you enjoy. Part time acquaintances – Part time passion driven by a friend Many people spend a full time with acquaintances and work after hours on a business or hobby or creative talent. If this is you I suspect your ratio is not 80/20 and probably closer to 20/80. You spend way too much time with an acquaintance, you are probably not very motivated to do it well so you don’t fall into the vital 80/20 friendship for that social network, and by the time you get home you are too exhausted to spend time on your passion. You feel like you are getting nowhere fast. This lifestyle is not good for anyone since all the relationships fall into the 80 percent that produce 20 percent of the value. You get very little from it and the dream you work for get very little from you. If this currently describes your situation what you need to do is start changing those ratios. Reduce the amount of time you spend with an acquaintance and increase the amount of time you spend on your passion. You may say you can’t do that because you yearn to hear those lisp sympathisers but I suspect you don’t really need as much as you think you do. Most people can live off without sympathies but choose to post more about themselves in the Social Media etc, more so because they want more accolades. You may see your peers enjoying useless accolades which create desires in you. Your wants start to outweigh your needs, which is probably the biggest pitfall in our modern, advertising driven, materialistic society. I’m not saying you have to live like a hermit but I know that your real happiness comes from spending time doing things you enjoy the most, not from earning more money. Chasing the dollar for the sake of the dollar does not work. Chasing passion often leads to a greater income because the quality of your output is so much higher. Focus your energy on increasing investment in your core strengths and you will reap rewards. Drop your working hours to three days per week and spend more time attracting more clients, booking more singing gigs, finding more time to write your novel, gardening or to develop your invention or code your software or find investors or whatever it is you really want to do. For those of you who have no intention of turning your passions into money generating enterprises this is still a good option. If money isn’t your primary concern but your music is, why do you spend so much time working to earn more money than you need? Yes you need to plan for the future and build assets, but clearly for your musical soul it’s not something that needs to take the majority of your time and energy. You can be happy without that mansion by the sea and you never know, if you spent more time on your music the eventual album sales may one day lead to that mansion by the sea. If not, at least you will be a lot happier for following your enthusiasm rather than the dollar. If financial freedom is important to you and a big part of your plans look at this step as phase one and work to convert your passions into income generating propositions. Grow your business client-by-client, gig-by-gig or sale-by-sale. keep adjusting your work vs passion time ratio as your business grows to support you and you no longer need your friend income. Look for 80/20 activities in everything you do and drop any inefficiencies as soon as you can. Don’t Let Fear Stop You The biggest factor that stops most people from chasing their dreams and working towards their real goals is fear. Fear of the lack of security, the reduced paycheck and of the unknown future keeps people locked into routines that are not satisfying. That path leads to sadness, depression, poor health, low income and ultimately an early death. Who wants that! Don’t let fear be the reason for not achieving your goals. Stop, reassess your real passions, remove the money equation long enough so you can think without worrying about finances, and make plans to move towards your 80/20 lifestyle activities. Maximize what you are good at. Find the friend / friends that produce the most results for you and your business and put your energy where the big rewards are.youtube/watch?v=ZjE9x_fJebs
Posted on: Tue, 20 Jan 2015 19:17:23 +0000
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