What is your 20%

>> 30 August 2007

We've all heard the saying:"Work Smarter not Harder" And while this makes perfectly good sense, the problem is; nobody actually shows you how to do it! The 80-20 rule is the crystallization of working smarter. It's the secret to achieving more with less. It's a formula that once understood, can allow you to tap into huge potential in your business.
What is the 80-20 Rule?
The 80-20 rule, also know as the Pareto Principle, states that a small amount of effort (20%) is responsible for a large percentage (80%) of the result.
In other words, if you examined all the chores you undertake in a normal day, you'd find that only 20% of your efforts resulted in 80% of your results.
For example, if you take a look at last year's financial statements, you'd find that 80% of your sales were generated by 20% of your customers.
Dig deeper and you'll find that 80% of your profits were generated by 20% of your sales. Conversely, if you look at customer support, you'll find that 80% of your support headaches come from 20% of your customers.Examples of the 80-20 Rule: The 80-20 rule isn't just restricted to the business world; it manifests itself in every area of daily life.
· Take a look through your wardrobe and chances are you probably wear 20% of your clothes 80% of the time.
· If you have carpet in your home, you'll discover that 80% of the wear and tear occurs in a small 20% area of the room.
· 20% of drivers on the road cause 80% of the accidents.
How does the 80-20 Rule apply to my Business?
The bottom line is that you should focus on the 20% of the things that really matter. While the real numbers may not be precisely 80% and 20% all the time, the general principle holds true.
It's easy to get caught up in the daily grind, but the 80/20 Rule should be a daily reminder to focus 80% of your time and energy on the 20% of your work that is really important —LEAD GENERATION, VOICE TO VOICE AND FACE TO FACE CONTACT WITH YOUR SPHERE. Productive activities should be a priority over supportive activities. Again, this is a reminder to focus on what works. WHAT IS YOUR 20%

-Some of this content came directly from THIS article and some from my brain.

1 comments:

Barry Owen 10:36 AM  

Greetings . . . I'm Barry Owen - @ creatingspaces.blogspot.com and have gotten several hits from your blog - Just thought I would connect and thank you for linking to my site - I will reciprocate your link - KEEP BLOGGING!

You're doing doing stuff . . . Also, let your readers something about YOU - Who are you and where are you?

Best,

b