How to use Pareto principle to scale up business?

 “There is a predictable imbalance between input and output. There is an imperfect correlation between our efforts and results.”-Malay DamaniaPareto principle is one of the most helpful concepts for business this rule simply suggest that 20% of your activities will account for 80% of your resultsThis 20-80 rule was observed by the famous Italian economist in the late 19th century. He observed that the distribution of income and wealth was imbalanced in a systematic and predictable manner, and he found a similar pattern in almost every aspect of life. For example, 20% of customers generate 80% of revenue, 20% of effort produces 80% of results, and so on.The Pareto principle is among the best time management strategies and is discussed by Malay Damania on Business Veda today. Here are some of the key points he is sharing todayOrigin of Pareto PrincipalHow this concept explains a lot about a certain business practiceUnderstanding the concept to gain maximum benefits How we can expand and grow our businessTune in to know more and follow Business Veda Podcast!Buy Malay’s book - Business Champ on AmazonGot a question for Malay regarding building a profitable business? Send him a vox and we will feature your question with answers in future episodes.Connect with Malay at:Website - www.malaydamania.comLinkedin - https://www.linkedin.com/in/malay-damania-23285717Instagram - https://www.instagram.com/malaydamania/Email - [email protected]**This show is produced and managed by Done For You Podcasts, a podcast launch company that helps podcasters stay and shine in their zone of genius**