SM2.2 80/20 Problem Solving
It is very common in business to be faced with a dilemma where you have a large number of alternative solutions to a problem. It is unclear as to which are the major contributors to the problem, or the best way to go, to help you solve the problem.
SM2.4 80/20 Decision Making
Smaller business operators are constantly making decisions – large and small. The 80/20 Rule suggests some tools that might help with faster, better, smarter decisions.
SM2.0 80/20 Principle – 16 Times More Productive
Introducing the 80/20 Principal The 80/20 Principle asserts that a minority of causes, inputs or effort usually lead to a majority of the results, outputs or rewards. Taken literally, this means that 80 percent of what you achieve in your job comes from 20 percent of the time spent. This implies that: 80% of your […]
SM2.6 80/20 Business Analysis
We talk about the 80/20 Rule a lot in 12Faces. This article looks specifically at how to analyse many parts of your business with 80/20 to rapidly improve productivity. It is a mix of Yellow and Blue Belt
SM2.8 80/20 Maestro
It is one thing to see the benefits of the 80/20 Rule and quite another to have the discipline to implement it. Read on to find out how to exploit this tool. Yellow Belt
SM2.9 80/20 Staffing
Labour costs are typically 50-70% of your operating costs so anything you can do to improve labour productivity is a good thing. The 80/20 Rule can be applied to the issues around staffing so that your business can operate as effectively as possible. Yellow Belt
SM2.11 80/20 Inventory Management
If inventory is something you have to manage in your business, the The Amazing 80/20 Rule Tool can have a powerful impact on Profit and Cashflow.
This is a Yellow Belt article.
SM2.10 80/20 Sales Growth; Double Sales, Triple Profits
The 80/20 Rule is readily applied to your sales team and processes. We outline some of the ways to improve sales performance in this discussion. The 80/20 Rule points out that sales can improve by as much as 16 times through diligent implementation of its principals. That might be a bit too far fetched for now but doubling Sales and tripling Profits is rather more likely. Yellow Belt
Further reading on this topic was discussed in the article: SM2.1 The Amazing 80/20 Rule Tool
SM2.7 80/20 Multipliers
Would you be interested in knowing a way to increase your business by 16 times!
Got your attention? The following applications of the 80/20 Rule gives an insight into how this is possible.
Blue Belt
SM1.1 Rapid Profit Increase from Price Increase
As was outlined in the introduction to our Pricing Module, even small changes in the prices of your product goes 100% to your bottom line Profit (assuming demand doesn’t change). Consider a business turning over $500,000 per year. Let us further assume that it makes a 5% profit on that, which gives it a Profit of […]