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80/20 Rule: The Pareto Principle
Named after an Italian economist (Pareto) demonstrates a repeating theme in life, that 80% of effects come from 20% of causes. This principle, also called the 80/20 rule or law of the vital few has practical application in both our personal lives as well as business life.
In this episode we discuss the 80/20 Principle and give examples of it in business and in life and how understanding this can help you make better business decisions.
ABOUT BAMM-IT: All Things Business
BAMM-IT is produced and hosted by John Michael Kledis, EA, CFE, CVA of Peridot Consulting, Inc. and Mari Peterson of Marketing Outpost. We discuss all things Business, Accounting, Management, Marketing and IT from the perspective of business owners and consultants who work with other business owners.
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By BAMM-ITNamed after an Italian economist (Pareto) demonstrates a repeating theme in life, that 80% of effects come from 20% of causes. This principle, also called the 80/20 rule or law of the vital few has practical application in both our personal lives as well as business life.
In this episode we discuss the 80/20 Principle and give examples of it in business and in life and how understanding this can help you make better business decisions.
ABOUT BAMM-IT: All Things Business
BAMM-IT is produced and hosted by John Michael Kledis, EA, CFE, CVA of Peridot Consulting, Inc. and Mari Peterson of Marketing Outpost. We discuss all things Business, Accounting, Management, Marketing and IT from the perspective of business owners and consultants who work with other business owners.