Ask Clay Anything: How to Not Spend So Much of My Time Doing Minimum Wage Work?
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 18 July 2022
⏱️ 17 minutes
🧾️ Download transcript
Summary
If you are stuck working in a low paying job then listen in to business coach Clay Clark as he goes over some moves you should STOP doing to START making more money and adding value to your team.
Transcript
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| 0:00.0 | Get ready to enter the Thrive Time Show, three, two, one, boom. |
| 0:09.0 | All right, Thrive Nation. |
| 0:10.4 | Welcome back into the podcast version of the Thrive Time Show. |
| 0:14.3 | And today what we're doing is we are answering a question |
| 0:16.5 | from a listener out there just like you who took the time |
| 0:20.4 | to email info at thrive15.com. |
| 0:24.5 | My name is Clay Clark. |
| 0:25.5 | I'm the former US SBA entrepreneur of the year. |
| 0:28.7 | And I'm on a mission to get you into a great financial position. |
| 0:32.2 | And the question was, how to not spend so much of my time |
| 0:36.8 | doing minimum wage work? |
| 0:39.2 | OK, well, first off, a little fun fact to it |
| 0:41.5 | is you need to understand the concept of the Pareto Principle, |
| 0:45.8 | the Pareto Principle, P-A-R-E-T-O Principle, |
| 0:50.4 | also known as the 80-20 rule, the law of the vital few |
| 0:55.7 | or the principle of the factor sparsity. |
| 0:58.2 | States that, for many events, roughly 80% of the effects |
| 1:01.2 | come from 20% of the causes. |
| 1:03.2 | What does that mean? |
| 1:04.2 | What it means is that there are things |
| 1:08.1 | you could be doing that will make a big impact |
| 1:11.9 | and things that you shouldn't be doing that will make. |
... |
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