20% of the Effort Results in Better Franchise Selection

In 1906, an Italian economist discovered that 80% of the land in Italy was owned by 20% of the people. As he started looking around, he also

TC Franchise specialist

20% of the effort produces 80% of the results

noticed that 20% of the pea pods contained 80% of the peas. His name was Vilfredo Pareto . And, over and over he discovered the same thing… input, effort, workers, customers. His discovery became known as the Pareto Principle .

  • 20% of the input creates 80% of the outcome
  • 20% of the workers create 80% of the results
  • 20% of customers create 80% of revenue

The Pareto Principle shows that 80% of results come from 20% of the effort. The key is to know how to maximize the 20% that is most important. Which is exactly the reason we’ve asked some of the most successful people in our industry to present at this year’s

Our specialist know the who, what, when, where and how much of franchising. We have reports, connections and details that will speed up your franchise search. Tools and guidance will give you a solid review of the business you are about to own.

 

Contact Kip@TullConsulting to get your FREE Assessment >> FranMatrix <<<.

Posted in Franchise Basics, Franchise News.