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Richard Koch Biography

Richard John Koch (born 28 July 1950 in London) is a British author, speaker, investor, former management consultant, and entrepreneur. He has written more than 20 books on business and ideas including The 80/20 Principle which discussed applying the Pareto principle in management and life.

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Richard Koch Quotes

Conventional wisdom is not to put all of your eggs in one basket. 80
20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.

Carefully, Eggs, Like, Watches, Wisdom

If a species is diverse, it can survive and prosper. If a species is homogeneous, it is vulnerable.

Diverse, Prosper, Species, Survive, Vulnerable

There is no rush. If we think intelligently about what we can achieve with our time, we can be relaxed, even lazy. In fact, being lazy - having plenty of time to think - may actually be a precondition for achieving a great deal.

Deal, Intelligently, Lazy, Thinking, Work

Those who seize the day become seriously rich.

Become, Day, Rich, Seize, Seize The Day, Seriously

The road to hell is paved with the pursuit of volume. Volume leads to marginal products, marginal customers, and greatly increased managerial complexity.

Hell, Marginal, Paved, Pursuit, Volume, Work

Hard work leads to low returns. Insight and doing what we want lead to high returns.

Hard, Hard Work, High, Return, Want, Work

Celebrate exceptional productivity, rather than raise average efforts.

Average, Celebrate, Effort, Efforts

Make the choice that you want to be happy. You owe it to yourself and you owe it to other people too.

Choices, Happy, Make, People, Want

The 80
20 principle - that 80 percent of result flow from just 20 per cent of the causes - is the one true principle of highly effective people.

Flow, People, Principle, Principles, True

There is no shortage of time. In fact, we are positively awash with it. We only make good use of 20 per cent of our time. . . . The 80
20 principle says that if we doubled our time on the top 20% of activities, we could work a two-day week and achieve 60 per cent more than now.

Awash, Facts, Positively, Principles, Top, Two

Only do the thing we are best at doing and enjoy most.

Enjoy, Thing

The key is to work out the few things that are really important, and the few methods that will give us what we really want.

Giving, Keys, Methods, Things, Work, Work Out

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.

Majority, Priorities, Quality, Tendency, Time, Worry

People think that creativity is largely a matter of talent, experience, or luck. They are wrong. Talent, experience, and luck are all key elements, but there is something more fundamental, accessible, and powerful that you can use to multiply your creative effect.

Creativity, Effect, Multiply, Powerful, Think, Thinking

I make it a personal rule never to do anything that I don't really care about. It is surprising how much this cuts out.

Care, Cutting, Personal, Surprising

The 80
20 Principle, like the truth, can make you free. You can work less. At the same time, you can earn more and enjoy more. The only price is that you need to do some serious 80
20 thinking.

Make, Needs, Price, Principles, Same, Thinking

To be strategic is to concentrate on what is important, on those few objectives that can give us a comparative advantage, on what is important to us rather than others, and to plan and execute the resulting plan with determination and steadfastness.

Determination, Giving, Important, Strategic, Give

Where a chunk of business is simple, the chances are that it is.

Business, Chance, Chances Are, Chunk, Simple

The few things that work fantastically well should be identified, cultivated, nurtured, and multiplied.

Action, Fantastically, Multiplied, Should, Things, Work

Creation occurs when ideas and individuals collide and collude.

Collide, Creation, Ideas, Individual, Individuals

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