E155 | How to Practically Apply Pareto and Focus on the 20%

Welcome back to the “Crista and Annie show”. As we set out to discuss predictions and trends for 2024, we found ourselves unraveling the complexities of the 80/20 rule! And so here we are on this bonus episode exploring 80/20 rule and its impact on decision-making, operational strategies, and overall business growth.

Throughout this episode, we delve into the pitfalls and common misconceptions surrounding the 20/80 rule. We emphasize the importance of not rushing to scale the 20% without laying a solid foundation with the 80%. Our caution extends to overdelegating and overmarketing without a clear strategy. Additionally, we emphasize the importance of intentional decision-making and the risks of impulsive choices.

At the end we mention the concept of ‘CHuCK’, extensively analyzed in a previous episode, as a tool to assess and concentrate on the 20% of activities driving 80% of results. This tool serves as a guide for entrepreneurs, steering them towards implementing supportive changes for long-term success and business growth!

 

"Be strategic, be intentional, and focus on your 20%."

-        - Annie P.Ruggles

 

In this episode we explore

The Pareto Principle (80/20 Rule) in Business Understanding and Applying the Pareto Principle Challenges and Mistakes in Business Building a Solid Business Foundation The CHuCK Technique

     

 

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