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Setting Goals with the Pareto Principle

  • BrainTap App, BrainTap Sessions
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It’s a New Year, and for many of us, our minds turn to set goals for the new year. We’re looking for a way to right the wrongs of the past or believe it’s time to improve on some aspect of our lives we find lacking. 

Unfortunately, many of us give up on our goals before we get started, mainly because we feel overwhelmed or are unsure of the best way to get where we want to go.  

Are you someone who feels that you have to do things perfectly all the time to achieve a goal? Do you have an all-or-nothing mentality? If so, you’re going to want to read this! According to the Pareto Principle, the perfection mindset has proven a myth.

The Pareto Principle

The Pareto Principle is named after Italian economist Vilfredo Pareto. 

Pareto showed that 80% of the nation’s resources were owned by only 20% of the nation’s population. This concept has been expanded to apply to other areas of our lives, including time management and goal setting.  

For example, 80% of purchases typically come from 20% of an existing client base in sales. In time management, applying yourself to the most significant tasks first (20%) will reap the best outcomes (80%) in terms of time management.  

So how can you apply these principles in your own life to help you succeed in 2022?  

  • Set realistic goals
  • Focus on the most significant goal first
  • Make the goal specific to you
  • Make the goal measurable
  • Be flexible about what success means

When you set a realistic, attainable goal, applying 20% of your overall time and efforts to that goal will help you reap 80% of the benefits according to the Pareto Principle. That means you don’t have to be perfect to reach your goals. You have to put forth a certain amount of effort.  

Sometimes we procrastinate on our biggest and most challenging goals (our 20%) and create busyness from the least essential plans (80%) that don’t contribute to our overall success.

Below are our recommendations for applying the Pareto Principle to your goal setting in 2022.

  • Create a list of ten goals.  
  • Ask yourself which goal would have the most significant impact on your life
  • Continue down your list until you have prioritized all ten goals. This exercise will help you determine the most critical 20% of the goals you’ve set for yourself.  
  • Conquer the most significant fish first. We’ve all seen those people who are busy all day but don’t seem to get anything done. They are most likely focusing on goals with low value and are procrastinating on the goals that have the most meaning but are also the hardest to accomplish.  
  • Before you tackle any task, ask yourself if this is one of your 20% or 80% goals.
  • If you begin each day working on high-priority tasks that will enhance your life, you can banish the habit of cluttering up your day with low-value goals. The starting point of reaching your loftiest goals is dreaming big dreams.

If you want to reach a goal, it is essential to cast off limitations and believe that you can achieve anything that has your focus.  

 Real-World Application of the Pareto Principle 

 So you can better understand how to apply this Principle in your everyday life, let’s look at this example. An entrepreneur wants to double his income in the next three years. 

Looking at his clientele, he realized that 20% of his client-generated 80% of his income, but he was spending equal amounts of time on lower profit clients as he was on the clients who generated revenue.  

In other words, he was equally giving focus to both groups, but only one was paying off in results. So he began to focus more intensely on the top 20% of his clients that produced results for him while weeding out the clients that were not producing results. He then began to look for new clients who had the same habits and characteristics of the clients in that top 20% and added them to his clientele. He stopped wasting time on people who didn’t produce income for him and focused on bringing in more clients who would. And he achieved his goal in half the time he had allotted himself because he stopped wasting time on things that didn’t work.   

What’s Holding You Back?

Whether we want to admit it or not, most of us can figure out what stands between us and our goals. Sometimes we feel overwhelmed and helpless. Sometimes we get lazy and want to make an excuse. Sometimes we genuinely don’t know where to get started. 

Using the tips provided in this blog can help you focus on your goals and apply your focus to help those dreams come true in 2022!

If you need additional help, BrainTap is an excellent solution for helping you find focus and clarity while working towards your goals. BrainTap is proven to help you attain clear focus and concentration.

We recommend these sessions to help you be the best version of yourself this year! 
  • Focus in the Now – Find Clarity Bundle
  • Focus and Concentration – Find Clarity Bundle
  • The Creativity Zone – Find Clarity Bundle
  • Lifestyle Goals – Find Clarity Bundle
  • Magnet for Success – Get Motivated Bundle
  • Beyond Positive Thinking – Get Motivated Bundle
  • End to Procrastination – Get Motivated Bundle
  • Lightning Fast Problem Solving – Optimal Health Bundle
  • Creativity Booster – Optimal Health Bundle
  • Optimizing Your Brain’s Capacity – Optimal Health Bundle

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Last updated: January 30, 2024

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1.  What Personal Information Do We Collect?

  • Information You Provide.  We receive and store information you enter.  For example, when you search for or buy a product or service, or when you supply information such as your address, phone number or credit card. You can choose not to provide certain information, but then you might not be able to take advantage of some of our features.  We use the information that you provide for such purposes as responding to your requests, customizing future shopping for you, improving our website, and communicating with you. We do not store your credit data in our system after the sale – it is used for checkout purposes only. In addition, if you choose, we may share your information with other companies who provide goods or services that you are interested in.  Please see the “opt-in/opt-out” selection in Section 4 of this policy.
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2.  How Do We Use Your Information?

  • Customized Shopping.  We use your information to better serve you by providing a customized shopping experience.  As noted above, you may “opt-out” of this customization, or even visit and shop anonymously.
  • Agents. We employ other companies and individuals to perform functions on our behalf. Examples include delivering packages, sending postal mail and e-mail, and processing credit card payments. They have access to personal information needed to perform their functions, but may not use it for other purposes.
  • Special Offers.  We may send you special offers from time to time, unless you choose to “opt-out” of receiving such offers.  In addition, we may also send you special offers from other companies.  Again, you may “opt-out”.  If we send you offers from other businesses, we do not share your personal information with them.  The offers come directly through us.  Please see the “opt-in/opt-out” selection at the end of this policy.
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  • Law Enforcement.   If we receive a lawful court order to release account or other personal information then we will comply with the law.  We will also release information when necessary to protect the life, safety or property of others. This includes exchanging information with other companies and organizations for fraud protection and credit risk reduction.

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  • We work to protect the security of your information during transmission by using Secure Sockets Layer (SSL) software, which encrypts information you input.
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4.  Your Choice:  Opt-in or Opt-out. It is your choice whether to receive emails or special offers from us or others.  The following section provides you with this choice.  Please note the default settings.

  • Please send me email or other mail informing me of special offers of your products and services.
  • Please do not send me email or other mail informing me of special offers of your products or services.
  • Please send me email or other mail informing me of special offers of related products or services from other companies.
  • Please do not send me email or other mail informing me of special offers of related products or services from other companies.

5.  Children:  We do not sell products or services to children. If you are under 18, you may use this site only with involvement of a parent or guardian.

6.  Other Websites:  Various Web sites may be linked to from this site.  If you link to another site, your privacy depends on the policy of that site.  We strongly urge you to check their privacy policy.  Not all sites guarantee that they will not share your personally identifiable information with others.  You may also wish to consult privacy guidelines such as those recommended by the Online Privacy Alliance (www.privacyalliance.org).

7.  Contact Us:  If you would like to learn more about our privacy policy, or to access your personally identifiable information contained on our website, you may contact us via the Contact Us page. You will be required to provide identifier information to assure that this information is not released to others.  We reserve the right to modify this policy in the future.  If we do so, notice will be posted on our home page.