The last week or so, I’ve been having to balance out work and family even more so than usual. For obvious reasons. And family has mostly won. But, it really brings to mind the whole balancing act.
Over at TheInfoPreneur.net, I talked about the 80/20 rule briefly in a post and I thought I would expand upon it somewhat today. It is otherwise known as the Pareto principle. Simply put, it says:
80% of your results come from 20% of your efforts.
Now, the exact 80/20 ratio is immaterial here and it may not hold exactly true in all cases. However, I think you will find, across the board, that most of the benefits in your life come from roughly 20% of your work.
The “trick” is simply to focus on the 20% and not get so worked up over the 80%. When you do that, you’ll find that you can work less, but make either the same amount of effect or more. Leer más “Applying the 80/20 Rule To Get More Done With Less”
“Watch the pennies and the dollars will take care of themselves.”
I’m not sure this is true. In fact, I’m pretty sure that if you watch the dollars, you don’t have to worry so much about pennies.
Big brands don’t sweat the small expenses. They don’t hassle about a return, or a little coupon fraud or the last penny per square foot on the rent in a prime location. In fact, they understand that there’s a powerful honest signal sent when you don’t worry about the tiny expenses. It shows confidence.
My first business was running a ski club from my high school to a nearby ski area. Most of the other clubs rented expensive coach buses. I rented school buses. That one shift saved thousands of dollars. As a result, I had plenty of money to spend on snacks for the bus, no hassles about refunds if you broke your leg… it was easy to be generous because I’d saved so much on the bus.
So many small businesspeople are crippled by their relationship with money. I know… I used to window shop at restaurants and then go home and eat Spaghetti-Os. The thing is, if you run out of money you lose the game. That’s a given. But what’s the best strategy for not running out of money? Leer más “The latest post by Seth Godin”