As an entrepreneur, your time and energy are your most valuable assets. Here’s how to master both and use them to your advantage to reach your income and impact goals with ease.Also known as the Pareto Principle, this is a prediction model that states that, in general, 80% of results come from 20% of actions.
Start by making a comprehensive list of what you’re currently devoting your money, time and resource to. And then, for each, right down the results.
Is the task adding to the bottom line? Is it helping to scale for the future? Is it boosting your creative flow? If anything on the list isn’t contributing meaningfully to the goals you have for your business, eliminate or reduce these tasks.Let’s say most of your revenue comes from paid ads, but you’re also spending a small fortune on social media marketing management, and that isn’t translating to revenue.
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