The 80-20 Rule with 2 Small Biz Guys
2 Small Biz Guys dive into the 80-20 rule which states that 20% of our efforts lead to 80% of our results. For instance, it’s likely that you spend less than two hours daily on what you do better than anyone else. The rest is probably tied up in tasks that help your clients, your colleagues and your company. We explore the nature of setting priorities and the 9 steps that engage the process.
The most important aspect, perhaps, is using your most creative 20%. What does that mean? Amidst the golf talk, we get into the need for being in the right area of business that capitalizes on your goals, passion and skill set. When you are in a place you enjoy and understand, then the best efforts and effective time use go toward achieving your business goals.
Further into the show we talk about the other 8 principles of applying the 80-20 rule which include such things as spawning/mutating great ideas; finding the vital few profit sources; enlisting Einstein, hiring great individuals and more. If you want to find out more about the rule and how you can apply it, visit our download page on Practical Business University.
Listen in to your Advisorologists banter and bolster your business growth with insights, wit and perhaps a bit of wisdom. If you like the worksheets, you may also find our small business courses of value. Thanks for listening and enjoy the show!
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