Rule for the Full-Time Beyond Investor The 90/10 rule for the full-time (beyond) investor Posted: 2018-10-10 When an entrepreneur with a family and a full-time W-2 job says he’s “busy,” that’s an understatement. This is probably one of the least ideal situations to start a business. I know, because I’m here. It’s also hard on the family if you don’t do it right. So how does the head of the family, who pays the bills, raises his Morocco Phone Number children and shares the responsibility of the household, while trying to do a “side job”, manage everything? Well, the simple answer is the 80/20 rule. 10 game-changing business leadership stats What is the 80/20 rule? The rule itself is quite simple.
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Pareto principle Also called the Pareto principle, says that 80% of an output constitutes 20% of an input. It is an observable theory in nature. For example, you may find that 80% of the land in a certain area may be owned by 20% of the population. That is 80% of a company’s sales come from 20% of the sales staff. So, because we know this is often the case in our daily lives as well, you can control this and achieve better and higher performance by Morocco Phone Number List focusing on the 20% that actually produces the most results. For example, if most of your transactions are door-to-door, it would be wise to focus most of your energy there. If 20% of your friends are the ones who give you 80% of your happiness, then you should hang out with those 20% more often. Of course,
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this rule can be difficult to practice consistently in real life, especially for those with extremely busy lives like a father with 3 kids, a husband, and a job that requires 50-60 hours a week. The 80/20 rule should be the 90/10 rule The Pareto principle goes even further. You may even find in some areas that 90% of the results come from 10% of the production. I Morocco Phone Number List first saw this principle in Perry Marshall’s book “80/20 Sales and Marketing” So the advice below isn’t a “how to quit your job for your business” type article, but how to use the 90/10 principle and apply it to your busy entrepreneurial life. . So, from my experience, trial and error, here are 3 important things you can do to practice the 90/10 rule when time is a constraint and have a happier, less stressful time at home.