Apr 03 2008
Heard of Pareto Principles?
Published by 
Emmanuel at 6:48 pm under Business & Entrepreneurship, Personal Productivity, Success
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“There are two things that business people find very challenging: thinking ahead and doing things in order of importance.” Brad Sugars
What you do with these two determines whether you will succeed in business or you will just be surviving. And the same is true for every area of your live. John Maxwell says, “thinking ahead and prioritizing responsibilities marks the major differences between a leader and a follower.”
I am sure you have heard about Pareto Principle, more commonly known as the 80/20 Principle. Applying this to your business shows that 80% of your business comes from 20 % of your customers (20 percent of the products bring in 80 percent of the profits). And if you are in a paid employment, 20 percent of your work gives you 80 percent of yur satisfaction.
So… when it comes to your priorities, 20 percent of your priorities will give you 80 percent of your production. This is only IF you spend your time, energy, money and personnel on the top 20 percent of your priorities. As a business person, you need to understand this principle as it applies to every aspect of your life and business.You will do yourself a lot of good if you are able to identify 20% of your customers who account for 80 percent of your business. These are your “raving fans” and you need to focus your strategies on them. For your team ( and / or workforce), you must identify the top 20 percent and constantly seek to spend 80 percent of your people time with these people in order to develop them to their full potential.
Commit to doing this and watch your productivity and personal satisfaction rise to new heights!
Written by Emmanuel Oluwatosin - Visit WebsiteLooking for unbeatable iPhone offer? Visit iPhone
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