The 80/20 Rule...Learn It, Live It, Love It ⋆ ProBizTips

Posted by probiztips under Marketing
From http://probiztips.com 3346 days ago
Made Hot by: SimplySmallBiz on September 29, 2015 8:19 am

The Pareto principle, colloquially known as the 80/20 rule, is a principle that business men and women should live by. Why, then, do so few of them know what it is? Here we define what the 80/20 rule actually is, why it’s so important, and why you should make it a part of every aspect of your life, not just your marketing strategy.

Who Voted for this Story

Top BizSugar Users

This week's most active BizSugar users. Join Them!

Comments

Written by lyceum
3343 days ago

Same here! ;)

- 0 +

Written by AngelBiz
3343 days ago

This rule is so prevalent that sometimes people forget the usefulness. Majority of the questions you are faced with in variety of business situations can be addressed by this rule.

- 0 +

Written by probiztips
3343 days ago

Absolutely. Thank you for your comment, AngelBiz!

- 0 +

Written by probiztips
3344 days ago

It can apply to any company, online or not. I think it's a great principle that should be implemented for success. Thank you for your comment, Lyceum!

- 0 +

Written by lyceum
3344 days ago

Have you read the 80/20 book?

- 0 +

Written by lyceum
3345 days ago

I have worked for a company which applied the Pareto principle throughout the whole organization. I read the 80/20 book as an introduction to this topic.

- 0 +

Written by probiztips
3343 days ago

I sure have. It's been awhile though and I have it on the to do list to get a refresher.

- 0 +