Made for Profit

MFP 020: What is the “80-20” Rule?


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As a business owner or side hustler you want to focus on what’s most important to your business.  John and I are both big believers in the 80-20 rule.  It’s a method to show what’s truly driving your business and will help you focus on the vital few activities, clients, or products that make you the most money.

 

KEY TAKEAWAYS
  • What is driving your business and the money you’re putting in
  • Focus on what you excel at, find the 20% of what is happening in your business that makes you the most money
  • Make sure you’re using the 80/20 rule across the board
  • HOMEWORK
    • Review your revenue and profit year to date by product, client, sales channel
    • Extra credit: relate your hours invested per project to revenue and profit
    • LINKS 

      The Pumpkin Plan – http://amzn.to/2gYkUPe

      Sign up for our e-mail list to get the one page downloadable MFP Playbooks.

      Show links may contain affiliate links which help support the show

       

      The post MFP 020: What is the “80-20” Rule? appeared first on MADE FOR PROFIT.

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      Made for ProfitBy Brad Rodriguez & John Malecki

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