Latest Brisbane Business News

The Pareto Rule

An Italian economist by the name of Vilfredo Pareto is known to have proposed the 80/20 rule. According to this rule, 80% of the results are delivered from 20% of the efforts. When applied to the business world, the rule means simply that 80% of the company's sales or revenue comes from just 20% of the customer base.

Running a business can stink! Some people are extroverted natural talkers, some are introverted, detail-oriented amazing workers. To have stratospheric success in business you need to articulate and able to be both, you need to be comfortable to have a CRAP with your customers. This book teaches you how to step away from your throne, out of the shadows and become the person who listens to what your customers want, delivers on the promises and do it in a way that doesn't feel unnatural and grows your business at the same time.

Small businesses and start-ups are always looking for ways to cut expenses. In fact, so are well-established companies. In order to increase profitability, you don’t always have to introduce radical changes. Small things like cutting costs wherever possible can improve your financial situation. When expenses are low, the profits are higher and this makes for a good business year. Cutting unnecessary expenses becomes even more important when resources are limited and finance is tight. This is the case for most new companies.