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Updated over 3 years ago on .

User Stats

439
Posts
189
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Max Emory
  • Accountant
  • 100% Remote
189
Votes |
439
Posts

Bookkeeper / Real Estate Investor: 80/20 Rule Reminder

Max Emory
  • Accountant
  • 100% Remote
Posted

80/20 Rule Reminder: 

I try to always keep this rule in the back of my mind. It's a super useful tool to help trim fat in a business.

No matter what your business is or what you invest in, it's likely that 20% of your products/clients/properties/etc generate 80% of your revenue. This same rule can be applied to other numbers within your business as well.

So, consider putting more time, energy, and focus into that 20% that generates the majority of the results you are after. Simultaneously, consider cutting some of the 80% (fat) to yield better results and begin to optimize your business/investments.

I hope this helps!

__________________________
Real Estate Investor | USMC Veteran