F
Financial Snickens
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] W hat 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] S ometimes 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…