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.

Random Quotations

Change creates fear, and technology creates change. Sadly, m

Change creates fear, and technology creates change. Sadly, most people don't behave very well when they are afraid.

Daniel H. Wilson

Fear

It turned out I was pretty good in science. But again, becau

It turned out I was pretty good in science. But again, because of the small budget, in science class we couldn't afford to do experiments in order to prove theories. We just believed everything. Actually, I think that class was called Religion. Religion class was always an easy class. All you had to do was suspend the logic and reasoning you were being taught in all the other classes.

Humor Funny Religion Science Logic

She saw too that man has the power of exceeding himself, of

She saw too that man has the power of exceeding himself, of becoming himself more entirely and profoundly than he is, truths which have only recently begun to be seen in Europe and seem even now too great for its common intelligence.

Intelligence

The state of monarchy is the supremest thing upon earth: for

The state of monarchy is the supremest thing upon earth: for kings are not only God's Lieutenants upon earth, and sit upon God's throne, but even by God himself they are called Gods.

Royalty Kings

All of us, you, your children, your neighbors and their chil

All of us, you, your children, your neighbors and their children are everyday geniuses, even though the fact is unnoticed and unremembered by everyone. That's probably because school hasn't encouraged us to notice what's hidden inside us waiting for the right environment to express itself.

Genius

But that's the challenge -- to change the system more than i

But that's the challenge -- to change the system more than it changes you.

Change Inspirational Challenge

I had faith in Israel before it was established, I have in i

I had faith in Israel before it was established, I have in it now. I believe it has a glorious future before it - not just another sovereign nation, but as an embodiment of the great ideals of our civilization.

Harry S. Truman

Faith

We can never be sure that the opinion we are endeavoring to

We can never be sure that the opinion we are endeavoring to stifle is a false opinion; and even if we were sure, stifling it would be an evil still.

John Stuart Mill

Prejudice

I'm actually not an exhibitionist at all. When you get onsta

I'm actually not an exhibitionist at all. When you get onstage and you get under the lights playing music, I feel more hidden and more alone than anywhere else. You hide behind your music and let your emotions come out through the music.

Alone

Rome had Senators too, and that is why it declined.

Rome had Senators too, and that is why it declined.

Politics

The suspense is terrible, I hope it will last.

The suspense is terrible, I hope it will last.

If each of us hires people smaller than we are, we shall bec

If each of us hires people smaller than we are, we shall become a company of dwarfs.

Business