Ruminations with Richard: The Power of the 80/20 Principle
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 31 December 2018
⏱️ 12 minutes
🧾️ Download transcript
Summary
Everything is skewed—whether in the businesses we own, the places we're employed, the groups of friends we hang out with, or our daily routines, and achieving success can be as simple as locating those skews and learning how to capitalize on them. That's the idea behind the 80/20 principle and the subject of this mini-episode with Richard Jacobs.
He explains how he's applied the principle through an analysis of his business and various product offerings, which has resulted in higher profits, improved efficiency, simpler procedures, and perhaps most importantly, happier clients. Along the same lines of thought, he explains how to use this principle to guide you toward the experts of the experts—the "superhumans"—in any given profession.
Transcript
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| 0:00.0 | You're listening to the Future Tech Podcast with Richard Jacobs. |
| 0:09.0 | Future Technologies such as Artificial Intelligence, |
| 0:11.8 | Stem Cells, 3D printing, gene editing, |
| 0:14.6 | Bitcoin, blockchain, the microbiome, quantum computing, virtual reality, and exploring space |
| 0:21.0 | are much closer than you might think. |
| 0:23.0 | In fact, many early versions of these technologies are in play right now, |
| 0:27.0 | and the companies that are using these technologies are the focus of this podcast. |
| 0:31.0 | My goal for you, the listener, is to learn from these |
| 0:34.4 | podcasts. You may very well learn something that may change the course of your life |
| 0:38.2 | for the better, steer you towards a new career, or give you insight into |
| 0:42.4 | addressing a thorny medical problem. |
| 0:44.6 | Remember, this podcast and its content is informational and nature only. |
| 0:48.6 | No medical, tax, legal, financial, or psychological advice is being given. |
| 0:53.0 | If you've enjoyed the podcast, please listen, subscribe, like, and tell your friends about it. |
| 0:58.0 | Thank you. Hello, this is Richard Jacobs with the Future Tech and Future Tech Health |
| 1:08.3 | podcast. Every so often I do a podcast with myself as the guest. |
| 1:14.0 | It's just my mental ruminations and thoughts in my head |
| 1:17.5 | that I think maybe of interest to listeners like you. |
| 1:20.1 | So what I wanted to talk about today, |
| 1:22.3 | this won't be long, I'm going to be pretty short probably 15 minutes or less, |
| 1:25.0 | but I wanted to talk about the 80-20 principle. |
| 1:28.0 | I know that many people have talked about this to death, |
... |
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