The Power of Priorities Brought to you by Action International Business Coach Michael Bedard

There are two things that business people find very challenging: thinking ahead and doing things in order of importance
Doing these two things makes the difference between success in business and just surviving. And the same is true for all areas of our lives.

Leadership trainer and author John Maxwell says, "thinking ahead and prioritizing responsibilities marks the major differences between a leader and a follower."

Most people have heard of the Pareto Principle, more commonly known as the 80/20 Principle. Roughly stated this says that in most businesses 80% of your business comes from 20 % of your customers.

Other examples of the Pareto Principle are:
Reading 20 percent of the book contains 80 percent of the content.
Job 20 percent of our work gives us 80 percent of our satisfaction.
Products 20 percent of the products bring in 80 percent of the profits.
Picnic 20 percent of the people will eat 80 percent of the food!

So� when it comes to your priorities, 20 percent of your priorities will give you 80 percent of your production IF you spend your time, energy, money and personnel on the top 20 percent of your priorities.

When you do this you are getting a 400% or fourfold return in productivity. Think what this would mean in your business!