Hi friends. I hope this episode finds you well and welcome to the darn good leadership podcast. The show was all about being a strong and effective leader. One that creates positive impacts on your teams and communities. You're going to get ideas, inspiration, and practical advice. You can take action on to be a darn good leader. I'm your host, Emily Holting. And in today's show, we're talking about the Pereda principle, otherwise known as the 80 20 rule. And how to leverage that principle to improve your productivity and your team's productivity at work. First, we will review the principle. Then we will discuss how it's going to help you be more productive in the workplace. And finally, how it can help your teams be more productive as well. So let's start off. What is the parades principle? Well, the principle was named after the 19th century economists. Alfredo parades in summary, the predo principle is a universal truth. All things are not created equal. Meaning every input does not produce the same output. And that the majority of results tend to come from a minority of causes. This applies to money. Influence economic activity, personal actions, product and services customers. 20% of effort produces 80% of the results. And 80% of effort produces 20% of the results. Let's discuss some high-level examples. About 20% of any carpet gets 80% of the wear and tear. About 80% of the wine in the world is drunk by 20% of its people. About 20% of your customers make up 80% of your sales. About 80% of your company's output is produced by 20% of its workers. Now the Pereda principle is not a mathematical formula. It should, however, be used to help explain the correlation between effort and outcome. So how can the parade of principle help you become more productive in the workplace? Well, this is a proven principle that shows up time and time again. And if used correctly, it can help improve your stress, your focus, your productivity, and ultimately your results. So I want you to think about your typical Workday. Is it more like a endless backlogs emails meetings and putting out small fires throughout the entire day. Or B you're focused on your goals and big picture objectives. You're prioritizing your tasks. According to that. And you're taking actions to specifically progress towards those goals and objectives. If your day is more like a, well, you're not alone. Juggling multiple priorities being consistently distracted and feeling burnout is on the rise globally. So to get your days to look more like option B, you must be able to identify and then focus on the top 20% of your tasks that are truly helping you progress those results. Doing this will help you reclaim the quality of your work, your time and your results. So let's go through an example. Let's say that you have a big pitch to make, to a major account customer, your executive team. Your boss, whatever it is, but you start spinning all of your time on picking out the right font for the presentation. Is it going to be aerial? Is it going to be Georgia? The color scheme, you know, which, which mood are you going for? Which graphics you should potentially use, what data you need to pull and who you might have to work with to pull that data, what you're going to wear. All of these things are not going to make a ton of progress. You're focused on the 80%, the trivial items. You're not focused right now on the 20%, that's going to create the most results and you're not focused there. So what you should be focusing on instead is things like who is the core audience, what is it that you need to message to them? And what is the time that you have to do it in. What are those big takeaways or themes that you need to articulate in your pitch? And you want to spend 80% of your time doing that. Getting to action, just starting to put the pitch together. The takeaway is crush the tasks that matter most first, and don't get bogged down by the small trivial stuff. The parades principle does not suggest you work less. It helps you work smarter in your Workday by identifying which tasks you need to focus on to maximize your time and your results. So, how do you go about applying this principle and this 80 20 rule to your Workday? Well, look through all of your tasks that you normally would perform on the day to day. And then pick the top 20% that creates the most results and focus on those. Whatever time you've left can be spent on the less productive 80%. Focus your efforts though, on that 20%, that's going to give you the biggest payoff for your time. Your attention is a finite resource. Okay. So now that you focused on yourself of how you're going to apply the Pereda principle, let's discuss how the Pereda principle can help you help your teams be more effective and productive. The burrito principle can help you create a more sustainable and productive workforce. If you're managing or coaching a team. Directionally there's about 20% of employees that produce 80% of the work. So as a leader, what are you going to do about this? Well, it means there's a huge opportunity for you to help with two specific things. Number one acknowledge and support the 20%. And number two, help optimize the other 80. So let's start with the 20%. These are the people who are producing 80% of the work. Listen, look around, you know, who these people are. These are the people who you rely on to get things done. And because of that, you're likely giving them more work because of your confidence in them. Here we have an opportunity and a responsibility to check in and see how they are actually doing. The last thing you want is one of your 20% getting burnout quitting, or being stolen away by a company that seems to be appreciating the more it is on you to ensure that you're taking care of themselves and are working at a sustainable pace. It's also on you to ensure you're giving them recognition and rewards for their efforts. And it's on you to ensure they are focused on the things themselves that actually matter. So Peter Drucker, the well-known management consultant, he wants stated there is nothing so useless as doing efficiently. What should not be done at all? So I have some employees who, and I have had in the past as well, who are some of the most efficient people. And they will knock out things so incredibly fast, but that can also be really dangerous if you don't have them focused on the right things. So when it comes to productivity, 80% of their results come from 20% of their efforts. So you need to be discussing this and your one-on-ones. How are they doing? Where are they struggling? How are they spending their day? Are they spending it on the right things, help them calibrate around the tasks and actions that truly make an impact and pull them back on those trivial items. Bottom line, take care of her 20%. Okay. Let's talk about the 80%. This is a huge, and I mean, ginormous opportunity to further develop your people and make meaningful differences to your productivity. Overall, doubling down on talking about the goals and the objectives for the quarter in a year is a first step. And then you can encourage the whole team to collaborate on those high priority tasks and actions. So some ideas here are to rotate responsibilities across the teams, delegate or assign different jobs to different people and check in with everyone on the team to ensure they feel fully responsible for their part of the pie. In my experience, people are always more willing to work harder or step up if they know they're contributing to those most meaningful things. And it's not just a trivial sideline piece of work. Hold them accountable, but also make sure they feel heard and acknowledged when they are stepping up and trying new things. Bottom line here. Give all your team members, clarity on what matters and then present them with an opportunity to stretch themselves, hold them accountable and watch them shine. Let's recap. The Pereda principle can help you be more productive. And an action you can do here is to list out all your tasks and meetings you have for the week, go through them and highlight which of those things are the 20% that is going to give you the biggest payoff for your time. Then focus your attention, which is a finite resource on those items, prioritize them and do what you can to knock those out first. The rest of the things you'll get to when you can. The predo principle can help your teams be more effective in two different ways. First and foremost, acknowledge your 20%. Make sure that you're checking in with them, that you're taking care of them. You're helping them work at a sustainable pace. And they too are working on the most meaningful items of their 20%. For your 80%, this is a huge opportunity to give all your team members clarity on what matters, and then present them with an opportunity to stretch themselves, hold themselves accountable and watch them shine. All right. In closing the predo principle or the 80 20 rule is a common principle use across various industries and businesses to help determine the highest priority tasks that yield the most impact. So once you've identified your high impact tasks, your ability to increase your productivity and your team's productivity and results. We'll certainly improve. And a picture us work environments. Every employee would contribute the same amount. Every plan would be perfect and every feature would be equally loved by customers. But that's not the world that we live in. However, the parades principle essentially helps us acknowledge that most things in life are not distributed evenly. So make decisions on allocating your time, your talent and your resources and effort based upon this principle. And the next time you find yourself sitting at your desk, looking at a list that is way too long or backlog that feels endless and not sure where to start. Stop. Remind yourself of the bigger picture. And the objectives that you have and realize you have the option to focus on the most important 20%. I hope you enjoyed the show and then it gives you some ideas of how to apply the parades principle for yourself and your teams. Be bold, be bright and don't burn yourself out. Be a leader who consistently asks themselves. What would Vel Frito Parado. So do. Cheers.