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.
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
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