“Simple yet Incredibly Amazing SECRETS to Impactful Business” 1st SECRET for today : The Amazing “20:80” Theory Generally speaking, what this theory means is that we just need to focus on 20% of key elements/factors that may produce 80% of outcomes/returns. This refer to our way of thinking when comes to business decision-making. Our every business decision must conform to this 20:80 theory in order to get amazing outcomes.(this is how effective/efficient cames from) How to be effective/efficient always in every business decision-making? This must goes back to 20:80 theory. Our world itself generally is operating under 20:80 theory everyday no matter you realize it or not. For instances, 80% of world’s fortune is belongs to just 20% rich man out of world population. Out of 100 foods we just choose 20 foods as our daily favorite foods. A company’s 80% of sales/profits always comes from 20% of key/fast-moving/hot products. Out of 100 person that we knew probably just 20 person or even less that we always hanging around most of the time. 80% of problems a company facing always came from just 20% of key factors. Almost 100% of a company’s success/failure rate always determined by 1% of key person(top management). Advice : Always make sure your every final decision made in business always conform to this 20:80 theory that may make sure you always making the effective/efficient decisions in business.
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