Living the 80/20 Way

Can you spell S-U-C-C-E-S-S. If so holler as loud as you can!! Living the 80/20 Way is a book written by Richard Koch and it is truly a wonderful book for the like-minded entrepreneur or any average individual looking to absorb the most of life.

I truly feel that after reading this book, with lots and lots of effort any like-minded individual can turn their life around.  A lot of us worry about making more money, achieving more success, and gaining more fame and feel that the route to such factors is to do more when this isn’t the case! Allow me to summarize the book in the form of bullet points.

  • 20% of our efforts leads to 80% of the results. Albert Einstein, Steve Jobs, Warren Buffett, & Michael Jordan are all examples of people who took the 80/20 route with extraordinary success. The point is that less is more. By focusing on only the things you love or are passionate about, you can get extraordinary results as well
  • Take the 80/20 route in managing money, achieving success, relationships, and personal pleasures, etc.
  • 20% of customers are what lead to 80% of sales for any business
  • Decrease the clutter as much as possible, this includes buying only the furniture, utensils you need, downloading only the iPhone and iPad apps that you need, buying only the clothes that add meaning to your personality, and only participating in activities or hobbies you adore
  • Thinking and concentrating about only things that matter and add zest to your life
  • Figuring out what your happiness islands and achievement islands are, and camping out on these islands
  • Determining what your 80/20 destinations are, and taking the 80/20 route to get there
  • Less is more, less is more, less is more!!, Not more with more, LESS IS MORE!!

Need I say more, I may reference this blog entry or the concept in my future blogs, as this should be the path to success in any department of your life, not just working and making a difference in this world. Because the truth is that it is your inner peace, happiness, key relationships, who you’re with, type of friends circle, intertwined with passion of course that propel you to success aside from just working hard.

Working long hours is not for everyone and if you’re someone who realizes that working long hours is expending energy, CUT IT!!

If you are an advocate of the following statement: “Ultimately, we must all have 80/20 Vision!!!, not 20/20 Vision”, then please like this blog.  And if you have not read the above book, once again the title of the book is “Living the 80/20 Way” by Richard Kotz, then I highly suggest that you read it!

What’s your 80/20 destination? Feel free to leave a comment below explaining it. I’d love to hear from you all!!

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Maintain good relations!!

So this is like a reiteration of my previous blog entry about selecting your business partners!! After building rapport & trust with the individual who shares your passion, you must work to continue to build and maintain that relationship as relationships define life!

And this goes beyond sipping wine, cocktails, paying for them at a five-star restaurant, or baking them treats. While it is still part of the equation, a big chunk of it comes from tolerating their shortcomings by meeting them halfway!

In the business world, there are always secret clashing between partners on their objectives or on how they handle things. Sometimes we become so embroiled in our personal feelings regarding our business that we fail to see the bigger picture: working together to make a difference in the world! This goes way beyond generating revenue, although that’s your ultimate goal.

It can be such a pride expenditure to not execute the blueprint of an idea loaded with finesse only because your partner disagrees with it. However, if you want your business to thrive then you must be willing to meet them halfway! As once again, life is defined by relationships!

The joys and pitfalls of sales/marketing

Alright so I want to talk about people specialized in sales and marketing, and how they’re stereotyped as vexing, with nothing better to do but to knock at people’s doors or make phone call after phone call disturbing people at odd times. Yes they may be the devils’ advocate to our hectic lives, but just like everyone else they’re people with real feelings who somehow have to make ends meet in order to survive! And contrary to what most people think, they’re way more enjoyable than ordinary people. Why? Because they know how to lighten up the mood in a room and have a good time! Marketers are trained to do this only so that they can develop better relationships with people, who can be easily converted to sales generating leads in the near future.

And also contrary to what most people think, salesmen don’t become friendly just so they can get a hand on your moola. It’s more than that! And if they do, well then that means they’re just not doing their job! Because when a salesmen or marketer only focuses on taking your money then things only explode in everyone’s face, as your eye is not on the prize! And that prize is the relationship with your customer. That’s whats crucial!! Forming a relationship with your customer is what you should be focused on always because your goal is to convince them that this is for their benefit, that they’re getting exactly what they pay for! So if you ever consider entering or transitioning into a career in sales/marketing always remember: The relationship with your client/customer is what counts!

Concentrating on just making a sale is a major pattern of thinking among many salesmen and is also considered to be one of the major pitfalls in the business! You’re communicating with your customer to ask for their friendship, so this way you can make a difference in their lives with the high-level productivity of your product/service and how it makes their life easy. And of course, it would also be wise to follow-up with a phone call or an email once every month or two just so you can keep the momentum going between you two, not only concentrating on what other product you can persuade them into buying but also following-up with them on what their experience has been with their purchased product/service and whether they have any questions or concerns.

Ultimately, sales are the life blood of any business or company, so just remember you’re more interested in establishing a relationship with your client or customer initially than making money. And if you conscientiously develop this framework of thinking than I guarantee you that the process of generating millions in revenue will become streamlined!

And just to remind you, I value and admire other people’s opinions so please feel free to leave a comment below!