Thursday, April 14, 2011

Wednesday, April 13, 2011

80 / 20 RULE

The 80 / 20 rule is also known as the Pareto Principle (the law of the vital few).
Generally 80% of the effects come from 20% of the causes, 80% of the wealth is owned by 20% of the nation or 80% of sales come from 20% of the Clients.

Applying this to work, it is about identifying and working on the 20 percent that matters. The 20 percent that would produce 80 percent of the results.

I always ask my staff to focus on those things. It is not just about working smart, it is working smart on the right things....

p/s: my boss thinks it is just an excuse to do less for the same money!


Usually I deployed my team to negotiate on the company's or client's behalf. But in this particular case, the pressure to reduce cost by 30% will be too much for my team of professional negotiators to handle. So, I decided to assist. The negotiation started at 10 am and by 11 am we wrapped up the deal.

I was so chaffed that I sms to Franco:

LK: just saved the company RM 100k, all in an hour's work. Now I am going for my wantan noodles.
During my brunch, I read a review on C250 CGI and text Franco the page number of the SUN for him to read.

FR: what a gem! I noticed that after saving RM 100k, you proceeded to contemplate buying C250 instead of C200.

LK: No lah! Anyway, you should see Wesley's face when I came out of negotiation and told him I shaved off 30%. His jaw dropped down to his knees. He asked me how I did it. So, I told him, he doesn't have to learn it, he just have to keep me employed for him to be a hero.

FR: Good girl. You are going to have to be employed for at least the next 7 years.

LK: Alamak, I thought until 2015?

FR: Boleh tapi you will need to increase monthly installment amounts ergo you will need to negotiate a significant salary increment.

LK: Cannot increase salary cause don't want more responsibility. In fact, I am negotiating for the same salary with less hours!

FR: Then year 2018 it is!
At about 2 pm, Franco texted me again:
FR: any more savings?
LK: Nope, having my weekly massage now on the 6th floor!
FR: All in a day's "work", huh?


As part of the cross training for marathon, it was recommended that I do cycling or swimming once a week to provide the overall physical conditioning for the run.

I opted for cycling as my cross as I was told (by a colleague who is a pro swimmer) that I am not an efficient swimmer. The more I attended the RPM session, the more I realise the growing interest in cycling to complement my running regime. The first word that came to my mind after last night's RPM session was DUATHLON.

However, browsing through the web last night, there isn't a lot of duathlon event in Malaysia. In fact there is only one for the whole 2011!

Triathlon seems to be more popular, which is surprising because I always thought that most Malaysians (compared to Western counterpart) do NOT swim!

Anyway, I am determined more than ever now to do triathlon as part of my physical fitness development.
At this stage, two things are required for me to embark on the triathlon journey - acquisition of a bike and engagement of a swimming instructor. The former is currently being facilitated by an old friend - thanks Joe and I am now on a quest to find a triathlon swimming instructor. Anyone who knows of one, please let me know.


Buy and Throw Away


Buy and Treasure Always?