Quote by Stew Leonard
If eighty percent of your sales come from twenty percent of all of your items, just carry those twenty percent.
Summary
This quote suggests that a majority of sales (eighty percent) are driven by a smaller portion (twenty percent) of the available items. Therefore, instead of wasting resources and effort on the entire product range, the quote suggests focusing solely on the most successful twenty percent. By doing so, businesses can maximize their sales potential while minimizing costs and streamlining operations. This principle aligns with the Pareto Principle, stating that a smaller percentage often contributes to a majority of results, emphasizing the importance of prioritizing and optimizing efforts for efficient and effective outcomes.
Topics
Fate & Destiny
By Stew Leonard
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