If you are reviewing the performance of your business or trying to grow it there is one simple tool that can be applied to any business in a number of ways.
It’s called the Pareto Principle (aka "the 80/20 Rule")
80% of your business will come from 20 % of your customers.
80% of your profit will come from 20% of your products/services.
80% of your problems comes form 20% of your customers.(they are often the 20% of customers who are problem payers.
So the trick is to apply effort where it will have the most effect!
More of this in a later post.
Alan Briggs
Dynamic Business Strategies Ltd
Tel: 07917 446068
E-Mail: info@dynamicbusinessstrategies.co.uk
Website: www.dynamicbusinessstrategies.co.uk
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