Most service business owners are not under-earning because they work too little. They are under-earning because too much of the week goes to work that does not move the number. In this…
Most service business owners are not under-earning because they work too little. They are under-earning because too much of the week goes to work that does not move the number. In this episode of Optimized Entrepreneur with Jeremy Hanson, the 80/20 rule gets taken out of the poster and put on the shop floor.
Twenty percent of the jobs, customers, and tasks usually create most of the profit. The other eighty percent feels busy and looks loyal to the grind. It is often the reason the owner is tired and the margin is thin.
You’ll learn
FAQ What is the 80/20 rule in a service business? Roughly 80% of profit tends to come from 20% of the work, customers, or offers. The rest is noise that still asks for your time. How do you use it? Name the few activities and clients that produce the result. Protect those. Cut, raise, or stop feeding the rest.
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