What does the Pareto Principle Mean for Your Business?

The 80/20 rule can be applied to pretty much any situation, but, it is especially beneficial when applied to a business (especially if you’re currently a one person show).  The 80/20 rule isn’t just another ordinary time/business management method; when used effectively, it holds the power to drastically increase your income and free up valuable time, allowing your business to grow. 

Maybe this means that you can cut down on staff by weeding out tasks that are completely unnecessary by setting up an automated system.  Perhaps it means that it is time for you to hire an assistant or virtual assistant to whom you can delegate low-priority tasks.  Using the 80/20 rule to identify the high payoff tasks within your business and automate the low-priority or non-income driving tasks will allow you the freedom you need to grow revenue.  

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I’m the author of many books, including, Excuses Don’t Count; Results Rule, Live Life with No Regrets, No Excuses, The Guide to Stopping Procrastination, The Power of Visualization, My Gratitude Journal, the Work Life Balance Emergency Kit, and The Roadmap To Success with Stephen Covey and Ken Blanchard, and more.  

Aim for what you want each and every day!  

Anne Bachrach

The Accountability Coach™

Most Recent Episodes

July 6, 2024

Apply the Pareto Principle (80/20 Rule) to Unproductive Tasks Also

Apply the Pareto Principle (80/20 Rule) to Unproductive Tasks Also You may assume that you only need to address the productive side (the 20% of the pareto principle), but the tasks that fall into...

Listen · 1:55

July 5, 2024

Pareto Principle – Identify the High Payoff Tasks to Grow Your Business

You can apply the 80/20 Rule to almost anything. For the purpose of putting the 80/20 Rule into context, let’s say that 20% of your employees are responsible for driving 80% of your revenue, or 20%...

Listen · 2:03

July 3, 2024

Use the 80/20 Rule to Grow Your Business

Use the 80/20 Rule to Grow Your Business If your business is not growing, you need to get a handle on the way you’re running it.  Many business owners tend to spend a great amount of time...

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Anne Bachrach Work Life Balance Podcaster and Author

Anne Bachrach is a renowned expert in accountability and has helped business owners for over 25 years to achieve their ideal business and life. She believes that personal accountability is the key to success, and having someone to answer to regularly about progress is a powerful motivator. Anne has authored many books, including "Excuses Don't Count; Results Rule!", "Live Life with No Regrets; How the Choices We Make Impact Our Lives", and "The Work Life Balance Emergency Kit, No Excuses!". She has also co-authored the book "Roadmap to Success" with Stephen Covey and Ken Blanchard.

Anne has been podcasting since 2008, sharing her business success principles and resources on The Accountability Coach Podcast. She also started The Accountability Minute in 2018, which is a daily, single, simple, and doable idea to help individuals stay accountable and achieve their goals. With her fresh approach to business and emphasis on personal accountability, Anne Bachrach is a valuable resource for any business professional looking to accelerate their results and achieve their highest potential.