What Numbers to Track in Your Business

With SO MANY numbers floating around your business (not to mention your QuickBooks!) it can be overwhelming. Which numbers really matter? Which ones should you be keeping track of? I’m a big believer in tracking the numbers you want to grow!  By looking at them regularly, you’ll get multiple benefits: [fancy_list style=”star_list” variation=”blue”] Know how you’re …

Read more

Receive free Bite Size Business Tips from Evan every month: click here.

How to Find Time for Strategic Planning

The New York Enterprise Report published a list of 25 founders talking about how they find time for Strategic Planning.  It’s a challenge that all of us face, with all of the day to day details and fire drills! Looking through the different responses, it’s clear that there’s no one-size-fits-all formula.  What is clear, is …

Read more

Receive free Bite Size Business Tips from Evan every month: click here.

Applying the 80/20 Rule to Be More Efficient

Most of us have heard of the “80/20 Rule,” but how many of us have taken time to apply its lessons to our business?

The 80/20 Rule, in its most general form, says that 80% of you outcomes come from 20% of your inputs.  It was invented by the 19th century Italian economist Vilfredo Pareto, who observed that 80% of Italy’s land was owned by 20% of its people.

In business, this has many applications.  Which might be true for your business?

  • 80% of your profit comes from 20% of your customers.
  • 80% of your sales come from 20% of your product assortment.
  • 80% of your complaints come from 20% of your customers.
  • 80% of failures come from 20% of defects.

    Pareto Chart Graphic
    A Pareto Chart helps you prioritize by highlighting the critical issues.
  • ….

OK so what?  Here’s how you use this knowledge to improve your business results.

Read more

Receive free Bite Size Business Tips from Evan every month: click here.