Comments on: Using the 80/20 rule to make more money

By: mcjimbo

mcjimbo — Wed, 31 Dec 1969 19:00:00 +0000

So true!

By: REMIYA

REMIYA — Wed, 31 Dec 1969 19:00:00 +0000

Is it really true ;)?

By: lajkonik86

lajkonik86 — Wed, 31 Dec 1969 19:00:00 +0000

very true!

By: Dave

Dave — Wed, 31 Dec 1969 19:00:00 +0000

Very true - also, 20% of your clients take up 80% of your time, and those aren’t usually the ones bringing in 80% of the income.

By: perception

perception — Wed, 31 Dec 1969 19:00:00 +0000

It really is true and covered rather more fully in one of your earlier articles about core relationship stratgey, if I remember correctly.

By: hurtdidit

hurtdidit — Wed, 31 Dec 1969 19:00:00 +0000

I remember you writing about this, and also reading it in a book I read (which I purchased based on your recommendation): "Million Dollar Consulting".

Good stuff! :)

By: aneitlich

aneitlich — Wed, 31 Dec 1969 19:00:00 +0000

perception and hurtdidit:

Thanks for reminding me that I’ve written about this elsewhere on sitepoint (I’ve written so much I’ve forgotten half of it). I guess I try to use the best 20% of insights on 80% of my blog entries :)

By: nzgfxguru

nzgfxguru — Wed, 31 Dec 1969 19:00:00 +0000

The wonderful Pareto Principle, amazing that it almost rings true every single time!

By: porkozone

porkozone — Wed, 31 Dec 1969 19:00:00 +0000

So if this is always so true, then if you “remove the 80%” of your staff that is only doing 20% of the work (as suggested), then the 20% left over will be less effective, because they have to do 100% of the work now.

You can’t always squeeze every situation into a round hole, just so it fits a nice mantra.

By: Icheb

Icheb — Wed, 31 Dec 1969 19:00:00 +0000

Those 20% of the employees are probably more motivated and more efficient overall, so you still gain something.