Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

I don’t remember exactly when I first read about the Pareto principle, but I’m certain I did not understand it early in my career. It wasn’t until I was running a multimillion-dollar company in which ...

Opinions expressed by Entrepreneur contributors are their own. Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto ...

Learn what a Pareto chart is, see a few examples of the Pareto Principle in action, read benefits of the Pareto charts and learn the eight steps involved in creating a Pareto chart. Jump to: A Pareto ...

The Pareto Principle says that around 80 percent of the effects arise from around 20 percent of the causes. In business, a rule of thumb is that 80 percent of output is produced by 20 percent of the ...