How the 80:20 principle can improve your business

Back in 1906, Vilfredo Pareto looked at who was wealthy and who wasn’t in Italy.  He discovered that 20% of the population had 80% of the wealth. It wasn’t until the 1940s when Joseph M Juran took this a step further.  He started to see the same 80:20 ratio in different areas.  He named it …