555: How to 80/20 Your Business for More Profit
The BizChix Podcast: Female Entrepreneurs | Women Small Business | Biz Chix
Natalie Eckdahl
4.8 • 630 Ratings
🗓️ 22 December 2022
⏱️ 20 minutes
🧾️ Download transcript
Summary
Do you know exactly what to focus on every day to grow your business?
Not knowing which actions will actually move the needle in your business is one of the biggest challenges facing entrepreneurs today.
After all, there are thousands of strategies and tactics you could try. But which one is the best for YOU?
Too often, I see business owners trying to do all of the things in their business. And that is a recipe not only for burnout, but also for a slow growing business.
In today's episode, I want to re-introduce you to the Pareto Principle, also known as the 80/20 Rule, which states that 80 percent of your results come from 20 percent of your efforts.
You have probably heard of this principle in relation to productivity and time management. But the 80/20 principle applies across almost anything that has a cause and effect, or inputs and outputs.
💰 Apply now to join the waitlist for $ix Figures Lab
🌟 Connect with Natalie on LinkedIn
🔗 Get all the links from this episode
This episode was first published at BizChix.com/555. Subscribe to our sister podcast, Stacking Your Team, on your podcast app or at BizChix.com/category/team.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Do you know exactly what to focus on to grow your business? Not knowing which actions will |
| 0:07.8 | actually move the needle in your business is one of the biggest challenges facing entrepreneurs today. |
| 0:15.4 | After all, there are thousands of strategies and tactics you could try, but which one is the best for you? Too often I see |
| 0:24.8 | business owners trying to do hashtag all the things in their business. And that is a recipe not |
| 0:32.0 | only for burnout, but also honestly for a slow growing business. In today's episode, I want to reintroduce you to the Pareto principle, |
| 0:41.2 | also known as the 80-20 rule, |
| 0:43.6 | which states that 80% of your results come from 20% of your efforts. |
| 0:50.0 | Did that sink in? |
| 0:52.1 | You have probably heard of this principle in relation to productivity and |
| 0:56.7 | time management, but the 80-20 principle applies across almost anything that has a cause and |
| 1:03.5 | effect or inputs and outputs. Today, I'm replaying an episode I share often with our clients in our Six Figures Lab group |
| 1:12.4 | coaching program. |
| 1:13.7 | We'll talk about how to apply it to your business so you can simplify your offers and make |
| 1:20.5 | more profit with less effort. |
| 1:25.3 | Before we dive in, may I welcome you to the Biz Chicks podcast, which has been a free |
| 1:30.6 | resource for women entrepreneurs since 2014. I'm your host, Natalie Eckdal. I'm a business |
| 1:37.7 | strategist, former competitive swimmer, out-of-the-box thinker, author, speaker, mama, caregiver, MBA, and CEO of BizChicks, Inc. |
| 1:48.7 | My passion is helping women's service entrepreneurs grow and scale their businesses to first |
| 1:55.5 | six figures in revenue and then six figures in profit. We help you do this so that you can build wealth, |
| 2:02.9 | have a greater impact, and create more time for your VIPs. My VIPs are my husband Mark, |
| 2:09.9 | our three kids ages six to 19, and our two sibling Bengal cats. I have a very full life |
| 2:16.3 | running a home family and this dream business |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Natalie Eckdahl, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Natalie Eckdahl and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.