I am going to talk about a subject that does not get the attention it deserves for goal setting and time management. It’s called the 80/20 rule. Whether you are a DJ, a music producer or just wanting to win the game of life and achieve any success in your career, we all need to know how to use this 80/20 rule to accomplish our goals in the least amount of time. This is a life skill that can be applied to any area of our life, and once we understand how to integrate it, expect some massive results you never thought would be possible.
What is the 80/20 rule?
The 80/20 rule is using 20 percent of your time or your activity to achieve 80 percent of your result in any goal. Doing the most important things that will maximise your results in the least time. This rule was founded by Vilfredo Pareto, an Italian economist, and it was originally called the “Pareto Principle” back in 1895.
“Everyone has the same amount of time; it’s what we do with that time that counts.”
The problem is priority’s
For any so called to do list, people often start off their day by listing what they have to do that day. Then start working on a small, effortless task that gives them a false impression they are accomplishing a lot in that day by getting the easiest tasks done first and out of the way, then working their way up to the bigger tasks to get closer to a goal. The problem here is procrastination, “Which really is a subconscious fear” and putting off the important tasks because they are the most difficult to do.
This feeds procrastination more and more, when setting our priorities this way, and will eventually lead to low levels of personal fulfilment and self-confidence in any area or goal.
The 80/20 rule solution
How this rule works when you look at it is simple for getting the most done in the least time. I will use a straightforward example here. Say you have a list of 10 goals to complete on any day or week, it could also be 10 tasks leading to the main goal. You would have to ask yourself is, if I only had to pick only 1 that would have the biggest impact on my goal or life, which one would that be? What would give me the greatest result? Then selecting the first one, move onto the second most important goal. Selecting 2 out of the list of 10, gives you the most important 20 percent.
Starting with the most important task builds confidence
Brian Tracy is the world’s leading expert when it comes to time management and goal achievement across the board. In his book, Eat that frog, he talks about when you start your day by completing the most important task, the one you may fear or be putting off because it is the most difficult, you will build a greater sense of confidence and build more self-worth the more it is repeated. This then leads to more success when achieving goals. Then the snowball effect happens, whereby every task or goal gets easier and accomplished faster, when you have completed the first one you have been procrastinating on.
How can it apply as a DJ or music producer?
Keep the main thing, the main thing. If you want your first DJ gig, work on your product first, which is of course your music. You have to have the product first before you can sell it or yourself. If you want to finish your music productions quicker, perhaps work on your ideas quickly and work on that melody of your track, then get the arrangement of your track done and outlined. Do this before working on any sound design or mixing, which takes a hell of a lot of time to learn. These are just some examples as I don't know your exact goals.
According to Brian Tracy, when it comes to the attitudes of rich people versus poor people in goal setting, 85 percent of rich people always focus on the one big goal all the time until it is complete. So, model what the wealthy do with their goals, then relate it to what is most important to you.
Have you used the 80/20 rule?
What are your most important goals?
Feel free to comment below.