80/20 Rule Helps To Double Your Income
The famous 80/20 rule is popular in giving examples but
not much people adopt it in their personal or professional life. A successful
entrepreneur is telling his story of success after adopting the 80/20 rule. He
says, first I read about the Pareto Principle or the 80/20 rule and I had a
healthy cynicism about it. I started measuring my business on this rule and
found some disappointing results as I found that 80% of hard work was just
paying back only 20% of results and 20% of my efforts were producing 80% of my
profit. I discovered after applying some patterns that 80/20 rule is really
true. I took steps to learn how to implement in my business and it doubled my
income. Here you will be told the effective ways to of application on your
business for getting more profits.
I decided, after discussion with my advisor the 80/20
rule and to shut down my website business of focusing on writing and I started
turned slowly away my hourly work and it resulted in bigger website projects
and monthly recurring clients. I still have some long tern clients but
practically it was shut down. At this point I was making $2K monthly from web
development business. Shutting down and getting free time provided a chance to
focus on new writing clients and could stop wasting time on useless things.
I shut down my website business at the same time and I
started bringing new clients that I met a conference. Free time gave me a
change to focus on those new clients and as a result money started increasing
in monthly statement.
May be you will not get such quicker and dramatic results
but here is an advice for that if something shows positive result repeat it and
things which don’t show much and quicker improvement leave them.
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