80/20 Rule | Chase The 20% That Pays 80%

15 Minutes to Freedom

Ryan Niddel

Personal Journals, Motivational, Entrepreneurship, Business, Body, Meditation, Society & Culture, Relationships, Journal

3.6 • 1.5K Ratings

🗓️ 6 September 2019

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why 20% of your efforts yield 80% of your results, and how you can use the Pareto Principle to expand in every aspect of your life.

The 80/20 rule, also known as the Pareto Principle, has been proven time and time again. So if roughly 80% of the effects come from 20% of the causes, why would you not look at the numbers and consistently adjust your focus? Adapting and narrowing your focus on the 20% of clients that bring in 80% of your income, and over time doing it again and again, there is no where to go but up! The same goes for productivity. Stop wasting the day on tasks that take an incredible amount of your time and aren’t worth it in the end. Outsource those tasks. Stop doing/chasing/serving the 80% that ultimately won’t get you to where you want to go. Scale, outsource, grow, succeed.

• Interested in joining my group coaching sessions filled with purpose driven, selfless entrepreneurs with all levels of experience from all corners of the globe? Don’t hesitate to shoot me an email at [email protected] so we can get started.

• Visit http://www.lifeoptimizationtest.com to find out where you fall when it comes to spiral dynamics and human behavior

• Visit https://www.humanpotentialinstitute.com/optimize to become a certified coach with the Human Potential Institute

• Check out https://www.optimizedlifeshow.com for exclusive content and downloadable PDFs for each episode.

• Follow me on Instagram at http://www.instagram.com/ryanniddel

Transcript

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0:00.0	Today we are jumping in to talk about the 80-20 rule. Yes you might have heard this before right the
0:06.8	paradeo principle I've been reading a book by Perry Marshall that's the 80-20 rule
0:12.1	as it pertains to sales and marketing.
0:15.0	And I was reading this book this morning, and light bulbs were popping off above my head.
0:21.0	As funny as that sounds, that's exactly what was happening.
0:24.2	You see, I've realized my entire life that the majority of the effort that I put in yields
0:31.9	smaller results, right? 20% of the effort that I put in on any given day
0:35.3	yields 80% of the results and the same is true for you. But I had never given
0:40.7	consideration to exactly what it means to take that mindset and apply it to a customer base or to apply it to the business.
0:49.0	You see, this 80-20 rule is something that has been around for longer than I have, longer than you most likely have.
0:58.0	But the practical application is something that seems to allude most of us.
1:02.2	And today I'd like to share with you
1:03.4	exactly how to switch that around.
1:06.4	The first step, right?
1:07.5	I've created a group.
1:08.8	It's a free group.
1:10.4	It's a way to enhance and move yourself forward with other like-minded business individuals.
1:15.0	It is available if you just go to Facebook and type in seven-figure business builders.
1:21.0	It's a group you come on in and we're going to dive into things
1:24.9	like I'm sharing today. You see I realize as I've grown in my professional
1:30.3	business as I've reached some peaks and also been deep in some valleys, that the best
1:35.7	way to propel all of us forward is to create a tribe and community, like-minded individuals.
	...

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