How to Use 80/20 Rule In Business
"The most successful people change the world not through sweat and tears but through ideas and passion. It is not a matter of hard work or time on the job; it is having a different view, an original idea, something that expresses their individuality and creativity. Success comes from thinking, then acting on those thoughts."
Introduction
In the world of business, time and resources are often limited, making it crucial for entrepreneurs and managers to identify the most impactful areas to focus on.
One powerful principle that can guide decision-making and resource allocation is the 80/20 rule, also known as the Pareto Principle.
This rule suggests that roughly 80% of the effects come from 20% of the causes.
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