8X Your School Performance

The Pareto principle (also known as the 80–20 rule,) states that, for many events, roughly 80% of the effects come from 20% of the causes. It is a common rule of thumb in business; e.g., “80% of your sales come from 20% of your clients.” 

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As an educational business owner, consider some of the following :-

•   80% of problems can be attributed to 20% of causes.
•   80% of a company’s profits come from 20% of its customers
•   80% of a company’s complaints come from 20% of its customers
•   80% of a company’s sales come from 20% of its products
•   80% of a company’s sales are made by 20% of its sales staff

As a business owner.

As a school owner, think about how many of the events in your school or educational business agree with the 80-20 Rule ?  As a business owner think about how much time “you waste” dealing with the 80%  “ things “, such as, poor teachers, complaining students/mothers, ineffective marketing, wasted time on SMS, poor business strategy ( trying to please all the people all the time !!) and poor staff recruitment, to list but a few.

Many of us as small business owners spend far too much time getting bogged down with these 80% “things”.  We should all consider the 80-20 Rule and start to work smarter, not harder.  Consider the use of   “Virtual Assistants”.    I think we would all agree that our most valuable commodity is “ TIME “  !!

A task for you to do !

**  Please do this one TASK for me everyday for the next 7 working days. ( and onwards thereafter if you find it effective ) – ASK YOURSELF  3 TIMES A DAY ( eg – 10am / 2pm / 5pm )

 :-  “ Is what I am doing NOW productive ? “ ( in a positive way, creating real value and revenue for your business )

Micro-niche it !

If  80% of the English lessons in Japan are delivered by the top 20% of “big chain” schools, then this further confirms the need for you to become an “niche specialist”, unless you intend taking on the “big boys” , which I don’t advise.  Deciding on what niche to specialize in and then learning how “ to own “ that space should be learned.

Take Away 

Focus on the 20%  !!