The 80 - 20 Rule

We all know the 80-20 rule. But do we actively apply it in our business? We all know that 20% of our clients will produce 80% of our profit. Do we take them for granted or do we nurture them? I don't know of too many businesses that really nurture their A-grade clients. Why not? I spend a lot of money with a lot of businesses, not one has ever made me feel like they appreciate it. And I feel no loyalty to any of them, do you blame me?

80% of our problems, aggravation, grief, stress, headaches etc. come from 20% of our clients. But how often do we purge these headache inducing clients? Never!

We know that 80% of our success comes from 20% of our activity. Do we identify and delegate the 80% of unproductive activities? We should! If we are worth $100 per hour why do we continue doing $15 per hour work? It just doesn't make sense.

It's just not enough that we know the rules. It's not good enough to occasionally or casually or selectively apply these rules. This is where the rubber meets the road, we need to diligently apply the rules... Life is too short to be wasting valuable time with the 80% unproductive activities.

Patience is a virtue... except in the land of the business owner. For a business owner a sense of urgency is a virtue. The majority of people operate on "tomorrow is another day" and the majority are poor... No coincidence. The trick is focusing relentlessly on identifying, keeping, doing, nurturing and rewarding the 20% of those activities producing 80% of our income, and ruthlessly ridding ourselves of the balance.

LIVE LIFE WITH PASSION!