5 • 620 Ratings
🗓️ 24 October 2017
⏱️ 63 minutes
🧾️ Download transcript
As a business owner or side hustler you want to focus on what’s most important to your business. John and I are both big believers in the 80-20 rule. It’s a method to show what’s truly driving your business and will help you focus on the vital few activities, clients, or products that make you […]
The post MFP 020: What is the “80-20” Rule? appeared first on MADE FOR PROFIT.
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0:00.0 | What's up guys? Welcome to Made for Profit, a podcast where we talk business in the shop and help you monetize as a maker. |
0:06.2 | Each week we'll cover the topics most important to you from marketing and selling your products to winning on social media and everything in between. |
0:13.4 | I'm Brad Rodriguez, a full-time content creator running Fix This Build That.com, and my co-host, John Mulecki, runs a full-time furniture company and its content |
0:22.0 | site, John Malecki.com. Over the past few years, we've seen the value of bouncing ideas back and |
0:27.3 | forth. And we want to bring you into the conversation and help you grow along with us. |
0:37.1 | Welcome to episode 20. Today, we're going to talk about making the most out of your efforts. |
0:42.3 | As a business owner and a side hustler, you want to make sure what you're focusing on is most important to your business. |
0:47.4 | And John and I are big believers in what they call the 80-20 rule. |
0:51.2 | It's a method to show you what's truly driving your business and it's going to help |
0:54.9 | you focus on the vital few activities, clients, or products that make you the most money. So |
1:00.1 | we're going to be talking about that today and how John and I use it in our businesses. What is up, |
1:04.8 | John? Not much, dude. Absolutely love this topic. It really does put a ton of responsibility on the business owner, |
1:12.2 | so I'm stoked to be able to dig a little deeper and do some self-evaluation and give the people |
1:17.6 | some of our own personal experiences when it comes to use in the 80-20. |
1:22.3 | Yeah, dude. And it's based in statistics, so you know I love that. |
1:26.2 | Love it. Before we get started, we do want to thank our new members over there on the MFP |
1:31.2 | tribe, our new patron members. |
1:33.5 | They joined over at patreon.com forward slash made for profit. |
1:38.1 | And we had Modernist Maker and Brian Burrill. |
1:42.2 | Thank you guys for joining. |
1:43.2 | They're going to be able to enjoy some awesome rewards as well as our after show. If you'd like to check that out, you can go do that as well. |
1:50.0 | So what you've been doing this week, John? You know me, just punching another week in the face. I'm excited. Always punching faces. It's what I do, dude. It's what I do. |
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