The 80/20 Rule Can Make You A Lot Of Money!
For example:
- 20% of your customers normally generate 80% of your net profit.
- 20% of the goods or services you sell contribute 80% of your revenue
- 20% or 2 out of 10 of your staff creates 80% of the value for your customers.
The frightening consequence of the 80/20 rule is that 8 out of 10 hours we spend at work drive almost no value to the bottom line.
The most important value good bookkeeping brings to a business is an understanding of where your 20% is hidden.
By generating daily reports that uncover the best customers, jobs, services, or products, you will soon see how you can refocus your internal efforts on doing more good work.
This is the great contribution a company receives from good QuickBooks® data and from using QuickBooks® the ‘right-way’.
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