The 80/20 Rule Rant
80/20.
Also called “the Pareto Principle,” it is something I have relied on heavily to build companies but is also applicable to any aspect of life.
In business, 80% of your sales will come from 20% of your customers. 80% of your organization’s effectiveness will come from 20% of your talent.
In life, 80% of your problems will come from 20% of the people in your innermost circle. Likewise, 80% of your happiness will come from 20% of the people in your innermost circle.
Choose your 80/20 wisely, in business or in life. It will make a big difference.
About the Author Nick Friend
Nick Friend is an Entrepreneur, Investor, Husband, Father of 3 daughters. Built businesses from scratch to 8 figures, and has been nominated for several Entrepreneurship awards. Nick enjoys helping other entrepreneurs, particularly those fighting the struggle from $0-10 million.