The 80/20 Principle Applied to your Business

In today's quick tip episode I want you to focus on the 80/20 principle. The 80/20 principle is a way to look at your efforts whatever you are doing and asking, where are your results coming from? I would be willing to bet that 80% of your results coming from 20% of your effort.

Are they? You can apply this to any aspect of your business and most likely it will apply. 

Today, take a look at the different areas of your business and apply it and see for yourself. 

Test them on these areas:

• All your marketing (whats bringing in the best return)
• Your hourly sales (what hours are 80% of your sales coming in?)
• Your menu (what items make up 80% of your sales)
• Daily sales (what days make up the majority of your weekly sales)

The next step is to start the process of focusing all your efforts on the 20% and eliminating the 80% that is wasting your time and resources.

More Information:

• 80/20 principle by Perry Marshall (book)
• 80/20 principle (audio book)

Thanks for listening to this episode. I would love to hear if you have applied this to your business and what was the result of those tests. Email me Bruce@smartpizzamarketing.com and tell me your story.

Look forward to hearing from you.

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