Quote by Lee J. Colan, Sticking to It

The 80/20 Principle exists in your business, then the most profitable 1/5 of your business is 16 times more profitable than the remaining 4/5.


The 80/20 Principle exists in your business, then the most p

Summary

The quote refers to the 80/20 Principle, also known as the Pareto Principle, which suggests that roughly 80% of outcomes result from 20% of inputs or efforts. In the context of business, this means that the most profitable 20% of a company's activities or operations generate approximately 80% of its profits. The quote highlights that within this top 20% of profitable aspects, the most profitable 20% again (equivalent to 1/5 of the total) is significantly more profitable than the remaining 80%. It showcases the disproportionate impact and significance of a small portion of one's business on overall profitability.

Topics

Business
By Lee J. Colan, Sticking to It
Liked the quote? Share it with your friends.