Indexed Notes by Topic
Opportunity Cost
Insights:
- When asking for a raise, it can be helpful to point out that if you decide to leave, there will be a lost productivity or profit while the position gets filled.
Pareto Principle
Examples:
- In sales groups, 80 percent of the revenue comes from 20 percent of the team.
Insights:
- 80 percent of your results come from 20 percent of your actions.
- The Pareto Principle is a key to time management.
- 80 percent of your actions are likely low value.