Thought Talk

Today I am talking about a great principle you should be applying to your business for the coming year. I’ve been using the 80/20 rule for years and regularly suggest it to my clients, and although most of you may already know of the 80/20 rule, very few know where it comes from and how broadly it applies.   In 1897, an Italian economist, Vilfredo Pareto identified that 80% of the wealth was owned by 20% of the population. This may seem too broad, but listen in for a breakdown and actionable tips on how this rule applies to different aspects of your business and how you can put it to use for the new year.   All of the 80/20 rules are mentioned in Karen’s book.   Tips   80% of your goals are driven by 20% of your tasks — identity which items on your to-do will take you closest to those goals.   20% of your efforts produce 80% of your results — learning which of your labors make the most effective use of your time is important.   80% of the value you receive from your business reading comes from 20% of th