Wednesday Feb 09, 2022
Use the 80/20 rule to fine tune your activity and maximize your growth
Have you ever felt like you are swimming upstream with your business or your sales career? Do you feel like the revenue you are generating is out of line with the amount of effort you are putting in? Or maybe you are noticing a diminishing return on new investments of your time and resources. If you are like most folks in the business world, you are susceptible to the Pareto Principle... or the 80/20 rule. It stays that in most organizations, eighty percent of your outcomes are generated by only twenty percent of your efforts. That means that most of the work you do simply isn't very productive. In this episode, we take a look at how you can you the Pareto Principle to your advantage by identifying those efforts and processes that are producing the profit and just doing more of them. If done correctly, you can actually increase your profit without increasing your workload.
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