What the Pareto Principle Means in Your Business

EPISODE 236 of The Local Small Business Coach Podcast What the Pareto Principle Means in Your Business   In today's episode:  Many of us are familiar with the Pareto Principle otherwise known as the 80/20 rule. This rule can be used in many ways when looking at your business. For example, 80% of your sales come from a core 20% of your customers (or leads). It could also mean that 20% of your processes result in 80% of your results. By using the 80/20 rule, you can take almost any situation and focus on the stuff that matters. The things that will have the biggest impact in your business. So in today's episode, we will take a look at a few examples and how you can use this principle to grow your business.     QUOTE OF THE WEEK: "80% of the effects come from 20% of the causes." — Pareto principle   ~~~~ The Local Small Business Coach Podcast is for Local Small Business Owners who are tired of living job to job and want to get to $100,000 in personal income. Each episode we discuss how to increase your profits, boost your sales, improve your processes and develop stronger teams.       HELPFUL LINKS   Course: Create over 30 Different Sales Ideas to Grow Your Local Business Thinking of Getting a Coach? Check out my work with me page Join the Badass Local Small Business Owners Facebook Group! Leave a Question for the Show: Ask a Question Website/Training Materials Become a Founding Member of Our Upcoming Membership Site – Click for More Info Get Your FREE eBook -8 Steps to Increasing Your Profits in Your Local Small Business Get your free Business Health Check PDF   WHO THIS PODCAST IS FOR: local small business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, QSRs, restaurant owners, mechanics, plumbers, real estate agents, dog groomers, franchisees, tradesmen, medical, dentist, insurance, & those looking to increase profits, boost sales, improve processes and develop stronger teams