If you are ready to transform your business and maybe your life as well then read on! Recently I came across a brilliant free e-book on the web which I think is an absolute must read for all business owners out there. The e-book is aimed at ambitious business owners who are stuck and need help in figuring out how to get to the next level without having to photocopy themselves two or three times over to get there. The book explores how you can apply the 80:20 principle to transform your business from ugly ducking to golden goose.
The 80:20 Rule you will remember (I hope!) from your school days was developed by the Italian economist Pareto who observed that in his garden 80% of the peas were to be found in 20% of the pea-pods. The rule evolved from that simple observation and states that for many events, roughly 80% of the effects came from 20% of the causes. It is a common rule of business that 80% of your sales comes from 20% of your customers but where else can the principle be applied?