• Increasing Profits with the 80/20 Rule

  • 2024/03/21
  • 再生時間: 10 分
  • ポッドキャスト

Increasing Profits with the 80/20 Rule

  • サマリー

  • The Pareto Principle, commonly known as the 80/20 rule, basically implies 80% of results come from 20% of causes. When applied to business, this principle analyzes client and sales data to understand where business owners should invest their time, money, and energy.

    In this episode, I delve into the 80/20 rule and how it allows business owners to better define which clients, services, and employees provide the best return on investment.

    In this episode, you’ll also hear:

    • Identifying high profit customers and services
    • Analyzing employee and task productivity
    • Knowing where your sales come from

    Must-listen moments:

    [00:03:20] What you're looking for is to find out and isolate those services that are making you the most money and make sure everything is focused on it.

    [00:05:44] By applying the 80/20 rule, we can maximize the productivity and efficiency by concentrating efforts on the activities that yield the greatest results and contribute most significantly to the success of the business.

    [00:09:40] Sometimes that's the biggest problem. We don't realize that we're spending so much of our time and energy. and money on things that don't have a high return for us.

    Visit our website and click on the Let’s Talk button: http://www.firststepsfinancial.com

    Reach out to Alisa: Alisa@firststepsfinancial.com

    Connect with us on social media!

    FB - https://www.facebook.com/FirstStepsFinancial

    IG- https://www.instagram.com/firststepsfinancial/

    LinkedIn -https://www.linkedin.com/company/first-steps-financial/

    Podcast audio/video editing and show notes by http://www.podcastabundance.com/services

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あらすじ・解説

The Pareto Principle, commonly known as the 80/20 rule, basically implies 80% of results come from 20% of causes. When applied to business, this principle analyzes client and sales data to understand where business owners should invest their time, money, and energy.

In this episode, I delve into the 80/20 rule and how it allows business owners to better define which clients, services, and employees provide the best return on investment.

In this episode, you’ll also hear:

  • Identifying high profit customers and services
  • Analyzing employee and task productivity
  • Knowing where your sales come from

Must-listen moments:

[00:03:20] What you're looking for is to find out and isolate those services that are making you the most money and make sure everything is focused on it.

[00:05:44] By applying the 80/20 rule, we can maximize the productivity and efficiency by concentrating efforts on the activities that yield the greatest results and contribute most significantly to the success of the business.

[00:09:40] Sometimes that's the biggest problem. We don't realize that we're spending so much of our time and energy. and money on things that don't have a high return for us.

Visit our website and click on the Let’s Talk button: http://www.firststepsfinancial.com

Reach out to Alisa: Alisa@firststepsfinancial.com

Connect with us on social media!

FB - https://www.facebook.com/FirstStepsFinancial

IG- https://www.instagram.com/firststepsfinancial/

LinkedIn -https://www.linkedin.com/company/first-steps-financial/

Podcast audio/video editing and show notes by http://www.podcastabundance.com/services

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