Understanding The 80/20 Rule (The Pareto Principle)

In This Episode…

Welcome to episode #14! Today our guest is Leo Manzione, who is a Coach and Coaching Coordinator as well as Director of Marketing for Run Right Consulting, and lives to help people succeed.

Today we dig into the Pareto Principle, which initially looked at the observation that 80% of Italy’s wealth belonged to only 20% of the population.

In other words, the Pareto Principle (the 80/20 rule) is the observation (not law) that most things in life are not distributed evenly.

Topic Discussion:

• What is the 80/20 rule and how does it apply to being a business owner?
• Where do you see this showing up?
• How can we use it to our advantage?

Download the notes to learn more about the Pareto Principle and how 20% of the input creates 80% of the result – with regard to your business.