When you're in the daily hustle of business, having a strong command of Excel is a must, but knowing those practical principles can really kick your game up a notch.

This week, we're going to discuss Pareto charts, where the 80/20 principle comes to life!

Let's kick things off with some daily life examples:

• Prioritizing the top 20% of tasks can boost workday productivity by 80%.
• A nutritious 20% of your diet, like fruits and vegetables, yields 80% of health benefits.
• Investing in the most meaningful 20% of relationships brings 80% of happiness and support in your social life.

Creating a Pareto chart is a breeze, and the magic lies in understanding the principle behind it. 

Take a peek at this simple example: You've got 11 reasons for being late. Naturally, you'd want to figure out the major culprits.Of course, you can sort them by ranking or use numbers to spot the most common ones.

Now, here's where the Pareto chart shines: it automatically sorts them in descending order and adds a Pareto line for extra clarity.

The next step? Dive into the analysis, checking out the percentages. You might find that 20% of the reasons make up a significant chunk - though it's not set in stone. With a big enough sample, this info can be a game-changer for your action plan. Visualize your data, and you're on your way to success!

Go watch PARETO CHART

That's all for this week.

See you next week. 

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