It is a common tendency of entrepreneurs to spread themselves too thin engaging in numerous activities in an attempt to make their businesses successful -from social media platforms like TikTok, Instagram, LinkedIn, to joining multiple Facebook groups. In this episode, we introduce the Pareto Principle, also known as the 80-20 rule which states that approximately 80% of outcomes come from just 20% of efforts. By understanding this principle, entrepreneurs can focus their efforts on the most productive and profitable areas of their businesses.
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