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Lean Out Your Business Podcast


Dec 19, 2023

Welcome back to the “Crista and Annie show”. As we set out to discuss predictions and trends for 2024, we found ourselves unraveling the complexities of the 80/20 rule! And so here we are on this bonus episode exploring 80/20 rule and its impact on decision-making, operational strategies, and overall business growth.

Throughout this episode, we delve into the pitfalls and common misconceptions surrounding the 20/80 rule. We emphasize the importance of not rushing to scale the 20% without laying a solid foundation with the 80%. Our caution extends to overdelegating and overmarketing without a clear strategy. Additionally, we emphasize the importance of intentional decision-making and the risks of impulsive choices.

At the end we mention the concept of ‘CHuCK’, extensively analyzed in a previous episode, as a tool to assess and concentrate on the 20% of activities driving 80% of results. This tool serves as a guide for entrepreneurs, steering them towards implementing supportive changes for long-term success and business growth!

 

"Be strategic, be intentional, and focus on your 20%."

-        - Annie P.Ruggles

 

In this episode we explore

  • The Pareto Principle (80/20 Rule) in Business
  • Understanding and Applying the Pareto Principle
  • Challenges and Mistakes in Business
  • Building a Solid Business Foundation
  • The CHuCK Technique

     

 

Ready to simplify and streamline how you scale your business?

We are now accepting Visionary CEOs and their right-hand Ops Leads into our signature Simplify to Scale mentorship program. Learn more and join us at https://www.leanoutmethod.com/scale

Join us for our transformational in-person business retreats and masterminds each Spring and Fall at https://www.leanoutmethod.com/retreathttps://www.leanoutmethod.com/retreat.

Have questions? Want to explore partnering together to scale your business? Connect with me on my personal Instagram @cristagrasso or LinkedIn and let’s start a conversation.

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For full show notes and more visit https://www.leanoutmethod.com/podcast