How To Get Better Results For Your Business In Less Time By Understanding The 80/20 Rule
Kelly Roach, CEO
Keynote Speaker | Entrepreneur and Founder | Business Strategist | Top Ranked Podcast Host | Best Selling Author
To understand the 80/20 rule is to understand that, as a successful business owner, 80% of the results you're experiencing come from as little as 20% of your efforts.
That means about 60% of what you're doing each day is not impacting your bottom line. Sit with that for a second.
Can you imagine having 60% of your time back each week??
What would you do with that kind of time? Plan a vacation with your spouse and children? Take up a new hobby?? Would you volunteer more? Whatever it is, it's likely the reason you started your business in the first place.
You built your own business to experience more freedom to work when you want, where you want and how you want. Most importantly, however, you built the business to make more money and change more lives by working far fewer hours.? Instead, many of you are feeling the opposite and are now trapped by the “doing” of the business.?
How Intentional Are You About Building A Business That Feels GOOD?
I know that when the entrepreneurial ADD kicks in, it can feel really exciting and productive at first. Creative juices flow, and we are convinced that we’re changing the world in our own little way. In reality, however, the ADD is chasing a bunch of different projects in even more different directions. Thus, we waste more time and even more money in the process.
Are you being intentional with your time? If the answer is "not very," I want you to consider a few questions and action steps that can springboard your business into the multi-millions faster than you ever expected.
Diluting our focus slows down progress in the business and steals the high-end results we most desire.?
Your Concentrated Focus Produces Positive Results A Lot Faster And Results In More Profitable Margins For Your Business
To arrive at the place you need and take advantage of less time “doing” you need to reflect on the following thoughts:
Your take-home income from this year
Where did 80% of your income come from? Was it from launching, from consultations, upsells or referrals? If you are focusing your time on something else other than what produced 80% of your income, it might be time to reassess where you are spending your time.
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What are the actions you can take starting TODAY which can expand on the facet which earned you 80% of your income?
If it was referrals, start reaching out to client who have had exceptional results. If it's consultations, start inviting more prospects to a phone call with you. If it's launching, stay up to date on profitable launches and register for our 2022 Launch Trends workshop happening Monday, August 22nd.
What activities, or tasks, do you need to eliminate, delegate or set aside for a bit in order to create space for that objective?
As rapidly-growing entrepreneurs, we're always layering something on top of our already jam-packed calendar. You need to get really disciplined about pushing projects back or putting things on pause when needed (I know: it's easier said than done!)
But simplifying your efforts and pausing what's not urgent, versus laying one thing on top of the other is going to help you creatively and energetically align with your end goal.
Simplify Your Efforts With The 80/20 Rule To Multiply Your Profitable Results
Identify your one objective for the second half of 2022
Take intentional, well-defined action on that one thing every single day. It needs a spot on the calendar. Every. Single. Day. Write that down!
Remember: focus is power.?
Focus coupled with inspired ACTION = massive ROI.
You've got this!
For more power-packed tips and strategies on scaling to 7-figures and beyond:
EBA Adviser of the Year ?? Amazon Best-Selling Author ?? Speaker ?? Millennial Entrepreneur ?? Family Man ?? O's Fan
2 年Can’t wait to check it out
Women Empowerment Strategist-Mentoring High-Achieving Women to get out of their head, take action to elevate their life to the next level and create a passion-based business | CEO & Founder of Sabrina Drou Coaching
2 年Great Post !
Founder, Bret Packard Enterprises | Top 100 Thought Leaders of the Year, Global Excellence Awards
2 年Time audits are incredibly useful to me!!
Disrupting Private Equity in the RIA Space | Serial Entrepreneur | Core Value Evangelist | Top 10 Apple Business Podcast in America 2.7M+ Downloads | Best Selling Author
2 年This is awesome!
Very useful advice in terms of enhancing one’s productivity and maximizing ROI. Great share Kelly! ??