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The Pareto Principle
Submitted by: Rick Ling
Related Topic:  Attraction Marketing

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Today I want to talk about the famous Pareto principle, and how it

can actually save your business.

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The Pareto principle, which is also called the 80-20 rule, states
that for many events and things in life, 80% of the effects come
from 20% of the causes.

For example, an Italian economist once observed that 80% of land
in Italy was owned by 20% of the people. His name was Vilfredo
Pareto, and that is where the principle got its name from.

Another famous example: Microsoft once found that by eliminating 20% of the largest bugs in its operating system 80% of the crashes
would stop.

Another one: most businesses find that 80% of their revenues come from just 20% of the customers.

So how can the Pareto principle save your business? Well, it is
clear: by identifying and focusing your work on the 20% of the tasks
...


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About Rick Ling:

I'm a 48 year old married Australian male living in Melbourne(previously Mexico) for now. My primary work at the moment is MLM as a homebased business to earn whilst I sleep and you? About my hobbies, interest include collecting coins and Baseball and Phonecards.

Here's to your success

Rick Ling


Please visit Rick Ling for more free network marketing and home-based business articles from this author.



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