The Pareto Principle, aka the 80/20 Rule and named after the Italian economist, Vilfredo Pareto, states that approximately 80% of the effects come from 20% of the causes.
The Pareto Principle is often mentioned in relation to results in business – that 80% of sales come from 20% of your customers. And in the home setting the Pareto Principle is often quoted in relation to wardrobes – that we wear 20% of our clothes 80% of the time.
Basically, it is an assumption. In my wardrobe the assumption is incorrect. In my case, the rule could be 30/70. In many of the wardrobes I’ve worked in, the assumption is wrong but in a different way. Those wardrobes are closer to 90/10. I guess the important thing to remember is that the rule is an assumption, a guide, and leads us to question…
Does your wardrobe follow the Pareto Principle? And how would you like it to look?
