A Beginner’s Guide to the 80/20 Rule

The 80/20 rule (officially called the Pareto Principle) is a general rule that states that 80% of all effects come from around 20% of the causes. The idea behind this rule is that it can be applied to basically any field. In business, the Pareto Principle states that 80% of all your profit is going to come from 20% of your products. It also means that 80% of all work is done by 20% of your employees. It can apply to basically any field that you can think of, including sports, math, healthcare, and fitness. In this article, we are going to look at how the 80/20 rule can be applied in various fields to give you a better understanding of the principle as a whole. In Healthcare The 80/20 rule can definitely be seen in healthcare. As a general rule of thumb, 80% of all healthcare resources will go to helping 20% of all patients. Those 20% of patients are typically the elderly or those with persistent health issues who need round-the-clock care. In Sports In sports where anal…
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Are Newspaper Ads Worth the Time and Effort?

When you're trying to promote your business, you want to use every available means of advertising that you can afford to use. Plenty of businesses advertise through their website and through their social media sites, but offline promoting often brings in a large amount of potential customers. It's true that you do have to know who your target audience is just like you do with any online promoting. But, it's helpful if you cast a wide net because you might reach someone outside your target audience who turns out to be not only a great customer but a good word of mouth referral for you. While it's true that a lot of the younger generation are more active online, there is plenty of potential - especially among those who don't like to be online 24/7 - and just aren't that tech savvy. You don't want to miss reaching this audience. Despite many of them now having editions online, newspapers are here to stay. There's a good reason that people still purchase them in the stores…
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