Friday, November 02, 2007

The Seventy Percent Rule

"He is the Technical Manager at Satyam and an alumnus of our college", with these words our professor introduced a class of 15 people to the 30 something person standing with the professor. He talked about in length about various topics around IT industry and then he talked about the most important thing which was my takeaway from the talk, "The Seventy percent rule". He said that he followed this rule all his life and he is more than satisfied with what he has achieved with this rule.

His idea is simple, people are always surrounded by opportunities but hesitate to grab one. The reason for reluctance in making choices lies in the greediness for the better opportunity. The counter argument, what is the guarantee that the next opportunity will be better than the current, and what if you keep loosing opportunities waiting for the better ones? The rule is simple; if the current opportunity is as good as at least 70% of your dream opportunity, then grab it otherwise leave it. This rule applies to every aspect of your life, job, career, girlfriend, money and what not.