The Pareto Principle in furniture hardware businesses: the 80/20 rule
The Pareto Principle or Distribution, also known as the 80/20 rule, is applied in diverse fields of knowledge and carries great weight in the world of business in areas such as marketing and sales. In short, the principle states that just 20% of your actions will produce 80% of your good results. Today at IBMH, we’ll share with you how you can apply the Pareto Principle in furniture hardware businesses and how the 80/20 rule can help your business grow. […]