The 80/20 Rule Of Renovating Profit

In this episode I will share with you "The Pareto Principle" and basically it means that for many events, roughly 80% of the effects come from 20% of the causes. And that principle applies to all aspects of our life.

How does it apply to a renovator? When you are doing a renovation for profit, the small amount of work like putting together the deal on your projects can make the biggest impact,  to create that 80% of your result.

What we discussed in this episode:

• [00:00:43] Online Bootcamp update
• [00:02:11] Strategy call
• [00:03:09] Hands Across The Water
• [00:06:36] The 80/20 Of Renovating Profit
• [00:07:46] The Pareto Principle
• [00:10:08] A reno project
• [00:15:57] The 80/20 of renovating
• [00:17:52] Taxation implications
• [00:19:02] Feasibility
• [00:21:05] New podcast reviews

Resources:

• Strategy Call: https://www.theschoolofrenovating.com/strategycall
• Hands Across The Water: (DONATE HERE) https://www.handsacrossthewater.org.au/
• Peter Baines: http://peterbaines.com.au/
• The Pareto Principle: https://en.wikipedia.org/wiki/Pareto_principle
• Vilfredo Pareto: https://en.wikipedia.org/wiki/Vilfredo_Pareto
• realestate.com.au: https://www.realestate.com.au/
• domain.com.au: https://www.domain.com.au/
• Episode 80: “10 Killer Steps To A Flawless Feasibility” https://www.theschoolofrenovating.com/80-10-killer-steps-to-a-flawless-feasibility/
• Episode 25: "Michelle Lewis: The Frugal Renovator: Using The Poverty Mindset For Good" https://www.theschoolofrenovating.com/michelle-lewis-the-frugal-renovator/
• She Renovates Facebook group: https://theschoolofrenovating.com/fbsherenovates

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