Reach your goal faster: Use the 80-20 rule

One of the biggest challenges in the life of an individual is the challenge to lead. It is a big challenge. Indeed such person can be made or marred by the actions taken in the exercise of that responsibility. This is true in any organization: be it a profit oriented venture like a business or a not for profit organizations like charities, religious organizations, improvement union or even government agencies.

The question on the lips of anyone who is given such opportunity in business or even in other forms of relationships is HOW WILL I SUCCEED in the new challenge?

Concerning an entrepreneur who is in business, it is expected that proper leadership and direction be given to his employees, whether they are paid employees or members of the family who are assisting in the business. A supervisor is required to lead his team to achieve the stated goal.

A man as the leader of his household in the traditional family setting is expected to lead his family effectively. It is the ability to provide effective leadership that determine the failure or success of the endeavor

For the entrepreneur who fails to prioritize, chaos and lack of direction for the enterprise will be the result. As for the head of a family it may lead to “a vote of no confidence” passed by the spouse or members of the family if no meaningful steps are taken to help the members of the family achieve their individual goals. It is a common incident today to see leaders/head of the family being considered “useless” by members of the family because of lack of effective leadership. This is very sad.

Prioritizing is indeed the key. To lead effectively you have to SET GOALS and then PRIOTIZE.

The first step in setting goals and prioritizing is to personally develop what you will attain at some point in the future. The vision need to be able to lead to the goals desired.

The mission is crucial in determining your vision. Your vision needs to coincide with the big picture. The term “vision” suggests a mental picture of what the future will look like. The concept also implies a later time horizon. This time horizon tends to be mid to long term in nature, focusing on as much as 2, 5, or even 10 years in the future for visions affecting the entire organization or union.
Vilfredo Pareto, a 19th century economist, theorized that most effects come from relatively few causes; that is, 80% of the effects come from 20% of the possible causes. For example, 20% of the inventory items in the business accounts for 80% of the inventory value. 20% of our activities actually accounts for 80% of our success result.

Some leaders fall into the time wasting trap of going after the 80% of items that only have a value of 20% of the total net worth. Your visions need to picture the 20% that will have the greatest impact on your organization, union or even your marriage. Although it is nice to have small victories every now and then by going that easy 80%, spend the majority of your time focusing on the few things that will have the greatest impact…that is what a good leader does.

If you want to see how real it is, as an exercise list all the activities in your business, or even your relationship. If the activities are 10, surprisingly 2 out of those10 activities will be responsible for about 80% of the desired result. While the rest 8 activities accounts for only 20 % of the desired result.

The strategies is to identified and concentrate more on that 20% of activities and spend less energy on the 80% that lead to only 20% of the success of your mission. By so doing you are working SMART instead of working HARD.

A lot of leaders are involved in 80% perspiration and 20% exploration, It is should be the reverse.
Once you have a vision, it needs to be framed in general, measurable terms and communicated to your team. If possible write it where everyone will read it over and over again. Your team then develops the ends (objectives), ways (concepts), and means (resources) to achieve the vision by priotising. The next you identify the 20% that lead to 80% of the result you desire. Then concentrate on that 20% so that 80% of your goal is achieved almost seamlessly. This is called the PARETO rule or 80-20 rule.

This aticle was written by George Onaifo, MBA FCIM, Post-MBA (McGill) is a Chartered Manager. He was Manager of the Year 1999, and Chief Consultant at Go Konsulting, a Canadian Business and Management consulting firm.1-514-887-3722 // www.gokonsulting.com

Plan your life and maximise your potentials

At the begining of each year I prayerfully consider what God’s plans for me in the year is. This year I decided to refresh my life plan also. I suggest that you do the same and in this article I show the way to do so.

For any one to succeed at anything life you need to know what exactly success is. This may seem like an obvious fact. However there are many people out there who really do not know what success means for them. How would you know that you are a success if you don’t know what it means to succeed? One good way to begin to move towards success is to write down a plan for your life. Many people spend more time planning their vacation than they spend planning their life. I suggest that you write down your life goals following the pattern described below.

I first wrote this when I was about 15years old and since then I have written and rewritten in many times over. Sometimes it may be difficult to think about what you want in life; however it may be easier to think about what you want 20ys down the road. Please note that once you have done the 20yrs plan, you will need to break it down to 5yrs, 1yr and 90days. I can tell you first hand that the exercise is worth the effort. Some of the questions you need to answer are listed below. Please feel free to add other categories. Do not just think about these things – WRITE THEM DOWN.

Spirituality
How would you like your personal relationship with God be in 20 years time? Think about the time you spend alone with God, time you spend in fellowship with other believers, think about the way your life is influencing people for God and the power of your prayers in terms of the results you see in other peoples lives when you pray for them. Think about you ability to hear God and obey his directions and leadings n your life. How would you want all these to have developed in 20 year?

Family
What would you want in 20 yrs regarding your own nuclear family? Marriage? How many Children do you want to have? When would you love to get married? How old would you want them to be at that time if you had your way? What would you want for them as per education, spirituality, ministry, marriage and so on. How would you want your relationship with your spouse to be? Think about times spent together, time spent with the children, and so on. Be creative, think wide, think deep and come back often to fine tune.

Relationships
What would you want in 20 yrs regarding relationships with your extended family, Close friends, business partners and other relationships that you can remember? The more you can write the better.

Career
How far would you want to have gone with your career in 20yrs? Think of academic achievements (Phd? – when?) Write the approximate years you would like to have achieved these? For example to have a Phd within the next 6yrs. How about Professional qualifications? Research them and write more. How about promotions? Would you like a career change along the line? Be specific, Have fun and don’t worry at this time how these things would be accomplished.

Finances
What would you want your net-worth to be in 20yrs time? What is your net-worth presently? How do you envision that you would get this net worth? For example value of your house, value of investments, take home pay, profit from business, other real estates? Be as specific as possible and remember to have fun. It’s your life and it’s only fair to want good things for your self. When would you like to retire? Would you like to earn income while you do things you love doing? Think outside the box. Be realistic but be creative as well. If someone has done it, you can do it too. The question usually is whether you are willing to do what it will take.

Community Service
In what ways would you like to have contributed and be contributing to the world around you in 20yrs. Think about ministry, think about volunteering, think about donations to charity, think about starting a non-profit, think about way in which you can help to make the world a better place. Break down your plans to smaller bits but be creative and don’t be afraid to dream big.

Personal Development
Other things that may come to mind. Hobbies, trips you want to make, places you want to visit and so on. Your aim is to break the plan down so that you think about it more thoroughly. What are your personal development goals? Would you like to learn another language, golf? Would you like to build your own website? Think and be specific, the more details you have the better.

You need to find your calling in life

It’s been a good year so far and I believe greater things are ahead. I have been thinking so much today about the fact that everyone can be a success at something. And I believe everyone can be a failure at a number of things too. Some people are mult-talented; They are quite good at a number of things. Some of us are not so talented, but I believe everyone can be excellent at something.

I thank the Lord that he granted me the grace to start pursuing my calling full-time last year. After one year, I feel so blessed. I sense a lot of fulfilment coming in the future and I am so grateful. People around me may say that I failed at engineering because I did not follow it to the end. I am willing to live with that because nothing in the business world can compare with the joy and fulfilment I have as a Pastor. I enjoyed my business as a networking service provider and web developer/trainer but i enjoy being a pator much more.

My advice to you dear reader is this. Keep doing what you are doing, but never stop searching for the reason why you were created. Once you find it, begin to take steps towards doing it most of the time. It may not be realistic to quit your job as a lawyer to open a restaurant, but you can gradually transition into it. Never mind what people will say or think. If that is your calling, your success will be so outstanding that all the people around you will notice. You may be an average lawyer, one of those lawyers but if you are called to take care of people in the food industry, you will come out as the best chef or restuarant owner in your city, state, nation and so on.

Your calling is that thing which you can do even when you are not paid. Something you will do even if you have all the money you need. Something that never bores you. It’s hard wired into you. God put that desire there before you were born. You need to fulfil your destiny. SPEND AS MUCH AS YOU CAN TO FIND YOUR CALL AND WHEN YOU FIND IT. STAY THERE.

If you read all the way to this point. That just so cool. Stay blessed.