555: How to 80/20 Your Business for More Profit
The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix · Natalie Eckdahl, MBA
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Show Notes
Do you know exactly what to focus on every day to grow your business?
Not knowing which actions will actually move the needle in your business is one of the biggest challenges facing entrepreneurs today.
After all, there are thousands of strategies and tactics you could try. But which one is the best for YOU?
Too often, I see business owners trying to do all of the things in their business. And that is a recipe not only for burnout, but also for a slow growing business.
In today's episode, I want to re-introduce you to the Pareto Principle, also known as the 80/20 Rule, which states that 80 percent of your results come from 20 percent of your efforts.
You have probably heard of this principle in relation to productivity and time management. But the 80/20 principle applies across almost anything that has a cause and effect, or inputs and outputs.
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This episode was first published at BizChix.com/555. Subscribe to our sister podcast, Stacking Your Team, on your podcast app or at BizChix.com/category/team.