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80% of the business comes from 20% of the potential customer, why this statement holds good?

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Question added by Faizan Ahmad , Regional Head - Digital Sales , Kasturi and Sons Ltd (The Hindu Group)
Date Posted: 2013/11/11
amer jayyousi
by amer jayyousi , Business Development Consultant , freelance

pareto's principle

i have tried it,it works

Mohammad Tohamy Hussein Hussein
by Mohammad Tohamy Hussein Hussein , Chief Executive Officer & ERP Architect , Egyptian Software Group

Because it is holds for the test of time.

Manazir Abbas
by Manazir Abbas , General Manager , Infobahn Consultancy

I know that the other name of Pareto Principle is80-20 rule but never thought why it is called. Intresting. I will try to figure out.

Yvan Clot- Goudard
by Yvan Clot- Goudard , Consultant , Y Consulting LLC

Applying this rule to your business helps you grow it tremendously. I would highly recommend "the4 hour work week" by Tim Ferriss

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