Apply the Pareto Principle to Unproductive Tasks Also
1 day ago.
Updated 1 day ago.
You may assume that you only need to address the productive side (the 20% of the pareto principle), but the tasks that fall into the unproductive 80% must also be addressed.
Administrative tasks like answering phones and emails, bookkeeping, setting up your website and monitoring it, and pushing papers should certainly not fall into the hands of the executive in your business (that’s you). Not to say that these tasks should be eliminated from your business model, because they are essential. The difference is that they must be delegated, so you can focus on the high payoff tasks and set your business up for growth. Hire a virtual assistant or employee to take responsibilities for the tasks you can’t and shouldn’t do.
If your business is struggling, you can use the 80/20 rule to identify high payoff tasks. If you are currently working ten hours or more each day, put the 80/20 rule into action to finally take back control of your life and your business. By doing so, you’ll be able to move past the fruitless tasks that make up 80% of your business and take up most of your time.
Find an assistant (virtual or not virtual) to help you in applying the 80/20 rule to your business, so you can accelerate your results. You should only do what only you can do and can’t be delegated. Get help so you can be even more successful. Isn’t it time?
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The Accountability Coach™
Business professionals and Advisors who utilize Anne Bachrach’s proven business-success systems make more money, work less, and enjoy better work life balance.
Author of Excuses Don’t Count; Results Rule, Live Life with No Regrets, No Excuses, the Work Life Balance Emergency Kit and more. Get your audio copies today.