Today on StartupSmart, we consider what’s involved when working out the 80/20 rule. You may have heard about the 80/20 rule, also known as Pareto Principle or the Law of the Vital Few.
This rule basically requires that you pay closer attention to what those “vital few” are telling you about the risks ahead for your business, which is a useful approach for any start-up.
Walid El-Khoury, a former ANZ executive turned business coach, explains how you can apply the 80/20 rule to your business.
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