Do you want to improve your profit and re-engage customers?
Obviously, the answer is yes, but how do we do this while juggling a cacophony of other tasks and obligations as busy entrepreneurs? The best way to grow profits is with the 80/20 rule. This rule states that 80% of your output comes from only 20% of your input. In other words, if we want to grow, we only need to focus on the top 20% of our customers and 80% of our profits will grow.
Especially during the times in our lives in which we have other obligations that take us away from focusing on our business, the 80/20 rule can help.
By focusing on your growing your top customers, you can double or triple your revenue without having to search for new prospects or develop new services.
Don’t get overwhelmed by trying to grow your profits. Just make sure your focus is in the right spot!