What the Pareto Principle Means in Your Business
Be a PROFITABLE Badass Small Business Owner · Tammy Adams | Your Local Small Business Coach
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Show Notes
EPISODE 236 of The Local Small Business Coach Podcast
What the Pareto Principle Means in Your Business
In today's episode: Many of us are familiar with the Pareto Principle otherwise known as the 80/20 rule. This rule can be used in many ways when looking at your business. For example, 80% of your sales come from a core 20% of your customers (or leads). It could also mean that 20% of your processes result in 80% of your results.
By using the 80/20 rule, you can take almost any situation and focus on the stuff that matters. The things that will have the biggest impact in your business. So in today's episode, we will take a look at a few examples and how you can use this principle to grow your business.
QUOTE OF THE WEEK: "80% of the effects come from 20% of the causes." — Pareto principle
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The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.
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