Richard Koch is an entrepreneur and prolific author, his seminal work, 'The 80/20 Principle', is one of the most successful business books of all time, and has been translated into 30+ languages, selling well over 1+million copies. In essence, the book is about how to achieve more with less. It’s about recognising the asymmetries between inputs and outputs. 80% of your revenues stem from 20% of your customers. 80% of your happiness is derived from 20% of your activities and relationships. It’s all about focusing our efforts on the small subset of activities that really move the needle.
He was also a very successful management consultant, having worked at the Boston Consulting Group, making Partner at Bain & Co, and subsequently founding his own strategy consulting firm, L.E.K, which now employs thousands of people worldwide.
I’ve admired the way this man’s brain works for a long time. Reading The 80/20 Principle many years ago has influenced me more than perhaps any other business book out there. It was an honour and a pleasure to have Richard on the show.