The 80/20 Principle

Richard Koch, author of The 80/20 Principle, claims the key to success is “productive laziness”. He explains how you achieve about 80% of your results with about 20% of your activities; the rest is wasted effort.

 

“Even if you are hard-working, you can learn to become lazy.”

 

Here are some key points you should consider in your business now:

– Focus on the 20% of products and customers that produces 80% of your profits
– Reward the minority of employees who produce the most value
– Improve the performance of the other 80% of products, customers or employees – or get rid of them

 

Click here to read a summary of The 80/20 Principle by Richard Koch. Everyone can benefit from this. Read the summary and then read the book.

Contact


Unicorn Business Solutions are based in Devonport Tasmania, with clients around Australia.

Devonport: (03) 6423 2695
Devonport : 188-190 Tarleton Street East Devonport Mail : PO Box 511 Devonport TAS 7310 Australia