His message concerns wasted time and the expansion of unnecessary bureaucracies in business organizations and governments. When people and institutions spend other people’ s money, they have a natural incentive to be inefficient and extend the time for completion. Consuming assets rather than getting results is generally their motive.
“ An official wants to multiply subordinates, not rivals.”“ Officials do work for each other.”“ The number of employees will expand 57 % per year, irrespective of any variation in the amount of work( if any) to be done.”
To sum up, most of us misallocate our daily activities. While 20 % of our activities account for 80 % of the results, 80 % only achieve 20 % of the intended results.
• 20 % of loan salespeople produce 80 % of the income.
• Conversely, 80 % of loan salespeople make 20 % of the available income.
• 20 % of the lender companies control 80 % of the market share.
• 80 % of the lender companies control 20 % of the market share.
Most companies and bureaucracies allocate 80 % of the available resources to the least effective 20 % of activities. Bureaucracies such as the government are not motivated by performance or results but by consuming assets, so next year’ s budget is equal to or greater than this year’ s. They strive for more funding and accumulate more subordinates, no matter how trivial the jobs are. Makework jobs, or otherwise, constantly grow.
Quality of loan leads:
• 80 % of the profits in our loan leads will result from 20 % of our lead base.
• 20 % of the profits in our loan leads will result from 80 % of our lead base.
• Satisfaction and dissatisfaction are consistent with the 80 % 20 % rule.
• 80 % of our happiness comes from 20 % of our relationships, both in business and personal lives.
• 80 % of our dissatisfaction comes from 20 % of our relationships, both in business and personal lives.
Eliminate superficial relationships with negative attitudes and repeatedly expressing destructive opinions.
Mutual respect and dignity are necessary ingredients for longterm relationships. That includes respecting the time value of others.
I love critical views from people who have no skin in the game and don’ t care. They believe that they are innately intelligent and informed! Their opinions are always without forethought or consideration for anyone else’ s views. No other opinions matter: they are the messiahs, the“ anointed ones” who possess it all. Selfrighteousness is their claim to moral superiority. Insecurity is their proper foundation.
Acquaintances who do not share our positive attitude about life and our value system are usually negative pains in our neck( a * s) and should become exfriends. The same goes for( online superficial friends) people we have never met but always express their unintelligent, emotional, and irrelevant opinions. These people tend to express their ideological views and attempt to sway others to their way of thinking, which is always a 100 % waste of time.
Of course, their knowledge is sciencebased, spoonfed information, according to the propaganda machine on mainstream media news. The same goes for obnoxious and opinionated coworkers and employees. Does anyone care about their superficial opinions outside their selfsubscribed microcosm? Who cares? Not Me! It is tiring to deal with stupid. Eliminating cluttered relationships from our personal and business spheres will provide tranquility, dignity, and positive results.
Suggestion for a time / value system of daily activities with variable time importance for each activity:
Leveraging time will create more free time. Some of our daily activities can be eliminated, consolidated, or delegated. We can use others and technology to leverage our time, talents, and skills. Others may be associates, employees, or independent contractors.
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