- Jun 2022
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One of my favorite rules of thumb is to “Only start projects that are already 80percent done.” That might seem like a paradox, but committing to finishprojects only when I’ve already done most of the work to capture, organize,and distill the relevant material means I never run the risk of startingsomething I can’t finish.
This same sort of principle is seen in philanthropy circles where the group already has commitments for a large proportion of the end goal before they even announce the campaign.
Is there a rule of thumb for this in philanthropy? 50%? What is it called, ie does it have a specific name?
What relation does it have to the Pareto principle, if any?