What if you could learn the secrets of someone with a $100 million fortune – who only works about 60 minutes per day?
Well you can!
His name is Richard Koch and world-famous author, investor, and entrepreneur, and I love studying his ideas.
He’s most famous for his books about the “80/20 principle” – the idea that 20% of your efforts leads to 80% of your desired results.
Putting this principle into practice unlocks the door to success beyond your wildest dreams.
1. ‘Strive for excellence in few things, rather than good performance in many.’
This is a perfect example of the 80/20 principle. Which 20% of your tasks can yield 80% of success? When you have your answer, you’ll be able to become an expert in your niche.
2. ‘Hard work leads to low returns. Insight and doing what we want lead to high returns.’
Many entrepreneurs want to make you believe that it’s all about working hard. And it’s true – the more actions you take the more results you can get.
However far more important than doing ‘many things’ is doing the most highly impactful actions. So do them first in the morning to set up a winning day.
For example, Sophie Howard set up her Amazon business on a bus on the way to work – that’s setting her day up to win!
3. ‘To get useful new ideas, we must go beyond our immediate circle and make contact with distant parts of the social system.’
Who can you connect with this week, that could open new horizons etc. for you?
4. ‘It is not shortage of time that should worry us, but the tendency for the majority of time to be spent in low-quality ways.’
Remember one thing – you have enough time to do everything you want. It all boils down to figuring out how you’ll use that time and setting your priorities straight.
5. ‘Use all the willpower at your disposal to make yourself happy. Construct the right stories about yourself – and believe them!’
What we tell ourselves dictates the reality we live in. Focus your efforts on creating your reality from the inside out.
What actions can you take today to create a new ‘80/20’ income stream?
One powerful step would be registering for this live Amazon event in your city.
Free 90 Minute Webcast Reveals
How to Make a Healthy Income Selling Products on Amazon - Even if you Have No Idea What to Sell Yet
Without ever storing a single product – or even going to the post-office