staceymackey
Well-Known Member
If you enjoy reading and are interested in business then you probably know what I mean when I say I've been eating alot of ugly frogs and thinking of FISH! .... anywho, whilst reading I came across an observation that made me sit up - the 80/20 rule.
Not a new idea, but one that when applied to business (and it can be applied to many many situations) suggests that there are the 'vital few' performing in the top 20% and the 'trivial many' the other 80% ... those who are not necessarily less intelligent or passionate, but just not at the level of success they desire to be - and that the gap between the 20 and 80 is quite wide.
The 80/20 rule also suggests that 20% of our behaviour is responsible for 80% of our results. That 20% of our customers are responsible for 80% of our business. That 20% of our products and services result in 80% of our profits.
Are you in this elite 20%?
Whether it is within the industry as a whole, your local area, your specialist field, or your own team... what is it that you do differently that you are willing to share? Do you find the 80/20 rule to be true to your business operations? What insight can you give the 80% who are giving their time and effort day in day out, but not stepping up to that next level of success? I for one would love to hear (pretty please )
xxx Stace
EDIT: No room for modesty on this thread!! lol
Not a new idea, but one that when applied to business (and it can be applied to many many situations) suggests that there are the 'vital few' performing in the top 20% and the 'trivial many' the other 80% ... those who are not necessarily less intelligent or passionate, but just not at the level of success they desire to be - and that the gap between the 20 and 80 is quite wide.
The 80/20 rule also suggests that 20% of our behaviour is responsible for 80% of our results. That 20% of our customers are responsible for 80% of our business. That 20% of our products and services result in 80% of our profits.
Are you in this elite 20%?
Whether it is within the industry as a whole, your local area, your specialist field, or your own team... what is it that you do differently that you are willing to share? Do you find the 80/20 rule to be true to your business operations? What insight can you give the 80% who are giving their time and effort day in day out, but not stepping up to that next level of success? I for one would love to hear (pretty please )
xxx Stace
EDIT: No room for modesty on this thread!! lol
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