HOW TO GET 20% O YOUR PRIORITIES TO GIVE YOU 80% O YOUR PRODUCTION

There are two things that business people find very challenging: thinking ahead and doing things in order of importance

Doing these two things makes the difference between success in business and just surviving. And the same is true for all areas of our lives.

Leadership trainer and author John Maxwell says, “thinking ahead and prioritizing responsibilities marks the major differences between a leader and a follower.”

Most people have heard of the Pareto Principle, more commonly known as the 80/20 Principle. Roughly stated, this says that in most businesses 80% o your business comes from 20 % o your customers.

Other examples of the Pareto Principle are:

Reading         20 percent of the book contains 80 percent of the content.
Job                20 percent of our work gives us 80 percent of our satisfaction.
Products        20 percent of the products bring in 80 percent of the profits.
Picnic            20 percent of the people will eat 80 percent of the food!

So…when it comes to your priorities, 20 percent of your priorities will give you 80 percent of your production IF you spend your time, energy, money and personnel on the top 20 percent of your priorities.

When you do this you are getting a 400% o fourfold return in productivity. Think what this would mean in your business!

Every business person needs to understand the Pareto Principle as it applies to the areas of customers, team and leadership.

In the area of customers, it is vital to identify the 20 percent who account for 80 percent of your business. These are your “raving fans”and strategies must be put in place to care for them appropriately.

For your team, you must identify the top 20 percent producers. Spend 80 percent of your people time with these people to develop them to their full potential.

 In leadership, take an honest look at the question “What do I have to do that no one else can do?” Remember a leader can give up everything except final responsibility. You can decide whether you will be reactive or proactive when it comes to the use of your time. The question is not, “Will I be busy?” but “How will I invest my time?” It’s not “Will my calendar be full?,” but “Who will fill my calendar?,” It’s not “Will I see people?,” but “Who will I see?”

Do this and watch your productivity and personal satisfaction rise to new heights!

Action International is a business coaching and training company that works with small to medium sized business educating the business owner on how to improve the sales and marketing in their business.

Action International , headquartered in Las Vegas , Nevada , is one of the fastest growing Franchises (#16 Entrepreneur Magazine, Feb. 2004) and is the largest business coaching company in the world. The company was established in 1993 in Australia by a young visionary named Brad Sugars. Brad recognized early on that most owners of small- and medium-sized businesses were unaware of how to effectively grow their businesses and achieve their goals. He developed a comprehensive system and methodology to assist business owners in achieving their goals and realizing their dreams with dramatic results. The company began Franchising in 1997, and now has 570 franchisees (Action Business Coaches), working in 18 countries around the globe.