Life22

Day 13,489 - Pareto & Price to Start the Week.mp3
Transcript
00:00:04 Kevin
Hey, gang, Kevin here. Life 22.
00:00:08 Kevin
So normally you guys get beautiful.
00:00:10 Kevin
Morning day for me.
00:00:12 Kevin
See the beginning of your day normally starts out with, you know, some local news and gossip, some drama. And this morning we don't really have that now.
00:00:21 Kevin
Is more of like a self help Mondays.
00:00:24 Kevin
Which might be part of the show.
00:00:26 Kevin
I'm not running out of topics, I just want to do more research before I present them to you.
00:00:30 Kevin
Like the tiny homes and things like that, I broke it up into three parts. I left out parts that I I specifically said I had to do more research on than I brought, came back with more.
00:00:39 Kevin
So there is.
00:00:40 Kevin
There is some ongoing local stuff that's happening and I I want to make sure that I get my research done before.
00:00:47 Kevin
I make any presentation, even if it is in parts, but.
00:00:51 Kevin
And so maybe.
00:00:54 Kevin
It's not garbage day anyways.
00:00:58 Kevin
Maybe as a part of the show, since shows always evolve, right?
00:01:02 Kevin
Same with characters. Same with people.
00:01:09 Kevin
Let's let's make Mondays more of a like.
00:01:12 Kevin
Man, it's dreary.
00:01:14 Kevin
But let's get our head in the game. OK, so life is precious.
00:01:19 Kevin
Life is short, and that's why today's podcast is going to be pretty short.
00:01:22 Kevin
Also, I'm burning the Wick at both ends, so just going to get the kids ready for school here shortly.
00:01:29 Kevin
So.
00:01:32 Kevin
Yeah. So making it brief, just like life, you need to savor it.
00:01:36 Kevin
Need to enjoy it. And you also need to be productive.
00:01:38 Kevin
Like what kind of life do you want to have if you don't work hard and and you know, and then you don't get fruits from your labor, right?
00:01:45 Kevin
Like, if you don't labor, you're not.
00:01:46 Kevin
To get any fruits.
00:01:48 Kevin
So and to have a very fruitful life, you're going to.
00:01:50 Kevin
To to have.
00:01:52 Kevin
To labor right and in order to get your to be more productive in your laboring.
00:01:57 Kevin
That's so I just want to start this week off with just a few few principles in life that have became known to me.
00:02:07 Kevin
And more put into use in practice and just keeping them in the back of my head on like a regular basis.
00:02:12 Kevin
Basis and in the last couple years, these have been these have been phenomenal.
00:02:18 Kevin
You're waking up.
00:02:19 Kevin
Monday.
00:02:19 Kevin
You want to get to.
00:02:20 Kevin
You want to bang out all your.
00:02:21 Kevin
Maybe have a honeydew list when you get home from your first day of the week, the work week and you're just like man, I need to.
00:02:28 Kevin
I need to become more efficient, so keeping a couple of these principles in the back of your head are always just.
00:02:34 Kevin
Finding yourself like man, I wish I could get more done this.
00:02:36 Kevin
And just constantly thinking about man, how can I get more done this week and then thinking about these principles, so one of them is more of a put into practice.
00:02:44 Kevin
The 8020 rule, as most people refer to it, right?
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Prado's.
00:02:48 Kevin
So Prado's principal pretty much says that.
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That 80% of your outcomes are going to come from 20% of causes, the vital few, right?
00:03:01 Kevin
That's that's essentially the 8020 rule.
00:03:04 Kevin
Just like any software that you use at work, any tools that you use, right?
00:03:10 Kevin
Say you have a handy dandy device that you use at your job.
00:03:12 Kevin
Apparently your Blu.
00:03:15 Kevin
Etooth your device and you look at it and maybe it has all these extra features and functions and you're going to be able to use 80%.
00:03:22 Kevin
Of the devices like 80% of your normal use is going to come from 20% of the functions.
00:03:28 Kevin
If you can complete on a.
00:03:31 Kevin
You know the top 20%. If you were to take all the tax, you have to get done a day and you prioritize them from like most important to least important and you do the top 20%, that's gonna be 80% of your day like you're gonna.
00:03:44 Kevin
80% of your day covered by just that 20%.
00:03:48 Kevin
Which goes to like that's that's a good that's a good.
00:03:51 Kevin
It's a good satisfaction if you get 20% of your week what you intend to get done in a week done. You've actually accomplished 80% of things that you needed to do.
00:04:01 Kevin
Things that were.
00:04:03 Kevin
So just it's just one of those.
00:04:06 Kevin
One of those.
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You just keep that in the back of your mind, and then let's also keep in.
00:04:10 Kevin
Also just take this one under.
00:04:12 Kevin
So this one is is Price's law.
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It.
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It was written about in the 1960s by Derek de Sola Price.
00:04:19 Kevin
And so a lot of.
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So when you're, like getting downtrodden thinking like, man, I'm the hardest working soul around here.
00:04:26 Kevin
Just just kind of put yourself in perspective with this one. So the rule is.
00:04:32 Kevin
In in.
00:04:34 Kevin
Doctor Price is well doesn't say Doctor.
00:04:37 Kevin
I mean, he might be a doctor. I'm assuming if you're right in laws, you should be a doctor, right? So anyways.
00:04:44 Kevin
Derek Price's law comes from he. He analyzed the publications of scientific papers and found.
00:04:52 Kevin
A quantifier of social loafing.
00:04:57 Kevin
In the research, he found that roughly the square root of the number of people in an organization perform 50% of the work, so prices law states that a group as the group gets larger, exponentially less, and less people.
00:05:14 Kevin
Do half of all the work.
00:05:16 Kevin
While the.
00:05:19 Kevin
While the growth of the overall.
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Organization becomes.
00:05:25 Kevin
Linear or stays linear?
00:05:27 Kevin
The amount of people doing the work is is the square root of the total number.
00:05:33 Kevin
That actually, no, wait a minute. Sorry.
00:05:37 Kevin
While the number of people doing the work stays linear, but the group is growing exponentially, that's that's what it is.
00:05:45 Kevin
So they give you little charts here.
00:05:49 Kevin
If you were.
00:05:49 Kevin
Google if you're to Google, it shows you social loafing.
00:05:54 Kevin
Guess I'd have to get the definition of social loafing. I'm guessing it means people loafing around people.
00:05:58 Kevin
Kind of.
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Laying on the backs of others.
00:06:02 Kevin
So let's see here. Numbers of employees and then people doing 50% of all the work.
00:06:10 Kevin
So yeah, I wish you could scale in with that.
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So there are nice little charts here I might even.
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I might even.
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I'll put the link in the description below that shows you this.
00:06:24 Kevin
So it's kind of.
00:06:26 Kevin
So we're like, you're at, like maybe 100 people in an organization and the square root of that is doing all the work. And I always get yelled at by.
00:06:37 Kevin
I get yelled at by certain people that watch the show because they don't like watching me do math because they say.
00:06:44 Kevin
They call me a magic R word.
00:06:47 Kevin
Hmm. So 100 people in your group and we'll do the square root of that.
00:06:53 Kevin
Means 10 people are doing 50% of all the work, right?
00:06:58 Kevin
And it doesn't always have to be at the top all.
00:07:00 Kevin
So just it's not specifically spelled out in the in the article, but you got to remember that wheat rises to the top so and the chaff floats or the chaff well.
00:07:11 Kevin
This chaff flow, I think.
00:07:12 Kevin
Floats.
00:07:13 Kevin
Yeah, see, I'm using analogies. I'm not.
00:07:15 Kevin
I'm not familiar with the actual process processes of.
00:07:20 Kevin
So as that article or is. So while you're at 10% of the people now, right, and then you let's say you upgrade the group to 1000 people, you've you've got a nice, you know tenfold increase, right, so.
00:07:37 Kevin
The square root.
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Of 1000 people is 31.62.
00:07:43 Kevin
So you've got about 3132 people in that group of 1000 now doing 50% of all the work.
00:07:52 Kevin
So while that number is increasing linearly.
00:07:57 Kevin
The group is increasing exponentially, so it just tells you so and then like in these charts that you're going to see if you do follow the links, they're going to show you an incompetence to number of competence to number of employees. So the competent number stays linear and.
00:08:12 Kevin
They.
00:08:13 Kevin
'Re they're declaring it incompetent number of employees, so like to the number of employees. It actually grows exponentially.
00:08:19 Kevin
You got to think because that's 31 / 1000.
00:08:25 Kevin
It's like 3% versus before, it was 10.
00:08:28 Kevin
So significantly, the percentage is decreasing on the number of competent people, so.
00:08:34 Kevin
If you start to think about those things and then say to yourself, man, I'm going to be part of the competent people and then there's there's degrees of competence and there's degrees of productivity and there's degrees of all these things, right?
00:08:46 Kevin
If you strive to be the most competent, the most productive, you are going to have.
00:08:52 Kevin
A very successful life.
00:08:53 Kevin
Going to generate a lot of.
00:08:55 Kevin
Labor.
00:08:57 Kevin
And that said, it's not going to exclude you from any ******** that there is out.
00:09:02 Kevin
But I mean, it might be a good way to look at your Monday. So you're waking up Monday morning, you say?
00:09:07 Kevin
I'm not putting myself in the uncompetent category the the exponential number of people that are out there, right?
00:09:14 Kevin
Meek will and inherit the earth.
00:09:17 Kevin
Competence. I'm going to be in the competent category, so I you know, I'm going to be.
00:09:22 Kevin
Going to be doing a lot of work.
00:09:23 Kevin
Going to be getting it.
00:09:24 Kevin
I'm going to bang it out as fast as any other employee, regardless of the cost, and sometimes those costs are you get razzed by other people.
00:09:32 Kevin
Maybe you're in a Union position and people are like, hey man, you need to stop working so hard because you're making the rest of us look bad.
00:09:38 Kevin
A lot of social pressure.
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About you.
00:09:41 Kevin
How hard you're working and it's like.
00:09:44 Kevin
But even if you're working hard, like if you're doing it all the time, it seems like you're putting forth minimal effort after a certain period of time because it just it just becomes normal, right?
00:09:54 Kevin
I've been working out for the last two months and every morning it like it still seems like a drag to have to do it, but once I get going with it, it's like man.
00:10:02 Kevin
And every day it is easier and easier to do the workout, and I that probably means that I have to actually like, increase the amount of time working out or the weight or whatever.
00:10:11 Kevin
Over time, the amount of effort you're exerting seems like it gives you the perception that you are putting forth little or no effort where you're actually probably putting in 100 times the amount of effort that most people are doing.
00:10:23 Kevin
So just a little thing to wake up this morning. So well, I hope you guys enjoyed the podcast over the weekend where we did an interview with Pretty Gary. I hope you enjoyed all last week's and I hope this week works out great for you remember life.
00:10:37 Kevin
Short time is precious.
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We're only here for a limited amount of time and so take some of these principles to heart and take them with you into the world.
00:10:45 Kevin
Them in your tool bag.
00:10:46 Kevin
And and just go.
00:10:48 Kevin
Just go kill it out there.
00:10:49 Kevin
Just do a good job. Go go bang it, go bang it out.
00:10:53 Kevin
Get your job done, be productive, and then at the end of the day, when you have more free time, you're going to be so much happier because you're going to be like, man, I can sit down and actually enjoy this beer.
00:11:01 Kevin
I can enjoy this.
00:11:02 Kevin
Whatever your vice is right, you can just you can sit down and enjoy it because you know that you were super productive.
00:11:08 Kevin
Majority of your day and you got 80% of it done because you did 20%.
00:11:12 Kevin
Did 20% of the number one things on your.
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You know the top 20. You got them done and you banged it out and now you're productive and now you're better than most. And now you're in line for that promotion.
00:11:23 Kevin
Maybe your personal business is successful.
00:11:26 Kevin
Maybe you know, maybe just the satisfaction alone is just what, what drives you?
00:11:31 Kevin
Well, that's it.
00:11:31 Kevin
We'll see you next time. Life 20.
00:11:33 Kevin
See you tomorrow morning for the morning show. Deuces.