The Pareto Principle, or 80/20 rule, applies to business: 80% of sales often come from just 20% of customers. This insight highlights the importance of identifying and nurturing key clients, rather than over-extending resources. It suggests a strategy focused on customer retention and maximizing value from the core audience. Reflect on this: how might the 80/20 rule manifest in your business? Share your experiences or observations!
guestFascinating principle! ? Have you identified your top 20% customers? What patterns do they share? How might this insight change your approach to service and marketing? ?