Nov 28 2016 41 mins 508
This is part 2 of our conversation on the 80/20 rule with Tim Francis. If you missed part 1, visit theproductivityshow.com/118, where we covered the 5 levels of 80/20. In this episode, we talk about how businesses have used the 80/20 rule to create exponential growth. Tim and Thanh take us through real world examples of successful business, and talk about how they are each using the 80/20 rule for their own business. Get Podcast Updates Do you want to get an email with shownotes each time a podcast goes live? Then let us know where to send these updates. Cheat Sheet How Thanh has implemented the 80/20 rule to grow Asian Efficiency to where it is todayWhy it’s OK (and even important) to spend a lot of time on the lower levels of 80/20Why you can’t cheat the process when trying to grow your businessThe big takeaways Tim received from going to a $10,000 conference with Richard KochThe two strategies successful companies use to effectively to grow exponentiallyHow to use price simplification in the information businessHow Michael Dell used price simplification to create a “star business” by streamlining distribution methodsHow Apple utilized the proposition simplification approach to become the most valuable company in the worldHow Tim personally used the proposition simplification method to create his business that matches CEOs with executive assistantsThe three questions you must ask to leverage proposition simplification in your own businessHow super successful businesses like Amazon, Uber, and Airbnb managed to utilize BOTH price simplification AND proposition simplificationThe importance of making things easier, more valuable, and more aesthetically pleasing (and how to turn that added value into increased prices for your product or service) Links 5 Ways to Apply the 80/20 Rule To Free Up 2+ Hours A Week (TPS118)Tim’s video on the 5 Levels of 80/20Profit Factory: About Tim FrancisKolbe TestRichard KochThe 80/20 Principle: The Secret to Achieving More with Less80/20 Sales and Marketing: The Definitive Guide to Working Less and Making More Connect with Tim Francis @TimothyJFrancisProfit FactoryYouTube channel for Profit Factory If you enjoyed this episode, subscribe to the podcast on iTunes, Sticher, Overcast, PocketCast or your favorite podcast player. It’s easy, you’ll get new episodes automatically, and it also helps the show gain exposure. You can also leave a review! Here’s how.
