How to maximise company profitability by focussing your business on what really matters!
Have you ever had the feeling that you are doing so many things each day that you don’t have enough time left to focus on the things that really lead to valuable results? Most likely you will have taken a pen and paper, prioritised your daily tasks and re-focused your attention on what will advance your personal goals.
Vilfredo Pareto (1848-1923) was an Italian sociologist, economist and philosopher who discovered that 20% of the Italian population earned 80% of Total Income. This gave rise to the Pareto Principle, which states that 20% of efforts lead to 80% of results.
When applied to a busines context the Pareto Principle suggests, that 80% of Profits are generated by 20% of products & 20% of customers.
A Focus 8020 analysis will focus the business on the 20% of highly profitable products & customers to maximise profitability.