You breaking the Ultra Modern 80/20 Rule?
The Pareto Principle Presently…
You may have heard of the 80/20 rule which was made famous by a very smart Italian
guy during the time of the Renaissance (middle ages).
Pareto was doing some research on how things happen in life and made a startling and
accidental discovery.
He found a pattern, which was as good as gold, to the way things occur in nature and with humans.
As luck would have it he saw 80% of results coming from only 20% of the efforts.
This has a couple of implications.
1. 80% of your effort is in essence ‘wasted’
2. 20% which is very little effort gives possibility for a massively successful business
I’ve come to believe a more winning combination today is 90/10. Because it seems to me 90% of my
results come from only 10% of my efforts.
The tricky part, the results alchemy, is figuring out which 10%-20% of your efforts yield the lion’s share
of your results and profits.
Each business is different in which activities lead to the profits. But basically your customer acquisition
and customer retention activities will be the highest ROI in your business. Of course, you have to find
quality products they want to buy or develop them yourself.
Take it from me, talk is cheap and discovering your true 10%-20% activities will make you more profits
and free more of your time for family than you ever dreamed possible.
