Have you guys heard of the 80/20 rule? It basically states that 20% of your input accounts for 80% of your output. Knowing this, you can focus on the business activities that make up most of your profit, thus saving you time and energy to do other things or pursue other projects. I wrote up a detailed post here: Improve Productivity with the 80/20 Rule Did you know about the 80/20 rule? How have you been using it to streamline your business and increase efficiency?
Excellent article buddy! I've never heard about that before, but its time for me to improve my productivity.
Yeah nice article - I've heard of the principle before but not in this context. I've always said that 80% of the wealth is in the hands of 20% of the people... Wiki's article on the rule is here: http://en.wikipedia.org/wiki/Pareto_principle
Quality Article. If one could focus on improving the 20% of X then that could increase profits/results Exponentially.
Just keep in mind that there are still some things in the 80% that must be done -- but they make great candidates for outsourcing.
Great article and thanks for allowing us to take a look. I have never heard of the 80/20 rule. I am intrigued by it for sure. Thanks again The ConsumerTreehouse.com Team
Awesome. Thanks for the reply. The 80/20 rule is definitely something to live by to make the most use of your time.