In 1906 there was an Italian economist named Vilfredo Pareto. One day, strolling through his garden, Pareto noticed that every year, 20% of the pea plants in his garden produced approximately 80% of the peas. This got him thinking about economic output on a larger scale. Sure enough, he began to find that in various industries, societies and even companies, 80% of the production often came from the 20% most productive portion. This became known as the Pareto Principle, or what is now often referred to as the 80/20 Principle. Source: Mark Manson The 80/20 Principle states that 80% of the output or results will come from 20% of the […]
Take time to remove these energy-draining items from your business. Source: Inc Entrepreneurship is a growth experience. But while you’re constantly focused on expansion, you may be inadvertently overlooking items that cause your business to contract. In fact, a consistent push forward at all costs way of thinking can prevent even the most-savvy entrepreneurs from growing. If you really want to make a difference in your business’s future success, it’s worth your time and effort to declutter unnecessary items from your day-to-day routines. Here are five tips to help you declutter unwanted, worn-out, and stagnant items in your business. 1. Declutter your mindset. The single most important thing that will determine your future success […]
It seems like more and more companies are adopting the motto “do more with less”. So where does that leave you? Scrambling to complete deadlines, wearing 18 different hats, answering a river of emails and phone calls… you get the point. The goal of this post is to help you find ways for you and your team to increase productivity at work. Instead of trying to do a bunch of these at once, find a couple that you can implement within your organization or department and practice them for at least 21 days. (the time it typically takes to form a new habit) Source List your “crucial results” for the […]