The Pareto Principle – The 80/20 rule, Agree? Thoughts? Searching and research online, according to google, What is the 80 20 rule in sales? For example, in general, 20% of your customers represent 80% of your sales. And 20% of your time produces 80% of your results. And so on. The Pareto Principle, or “80/20 Rule” as it is frequently called today, is an incredible tool for growing your business. Further, The Pareto Principle (80-20 Rule) The 80-20 rule states that 80 percent of the results are attributable to 20 percent of the causes. It is a guide that allows people to focus their efforts on the 20 percent that is important … and Still further, Pareto analysis is a formal technique useful where many possible courses of action are competing for attention. In essence, the problem-solver estimates the benefit delivered by each action, then selects a number of the most effective actions that deliver a total benefit reasonably close to the maximal possible one. This website says this, http://www.businessballs.com/pareto-principle-80-20-rule.htm These people say this, http://www.pinnicle.com/Articles/Pareto_Principle/pareto_principle.html Or this one uses charts like this https://betterexplained.com/articles/understanding-the-pareto-principle-the-8020-rule/
So 80% of our time is wasted? Could be. Or maybe you’re opening a lot of doors to be later opened. I only heard this concept when I studied business in school, studied insurance sales, and ANY sales. Konica Sales training, Dale Carnegie Sales training, and many marketing books touch upon the 80/20 rule. Dean Witter and Morgan Stanley also trained me to understand this rule. 20% of your clients produce 80% of your business. When you think about it, how true is that? Very. 20% of your membership do all the volunteering. 20% of the world are the givers and producers. 80% are learning, receiving, watching and observing. The Pareto Principle – The 80/20 rule, Agree? Thoughts? Good Question. Are you presently in the 20 or the 80? Are you talking to the 20 or the 80? Are you’re friends the 20 or the 80? We learn from the entire 100%. Sometimes your the 20 and sometimes your the 80. Are you resting? Are you headed for your next goal? Is there something you really want to do? Is there someone you want to help?