Pareto Principle

The Pareto Principle (Pareto 80/20)

Have you ever heard of the Pareto principle as known as 80/20 rule? If you are a businessman, included in top management at the place where you work, then you need to know about this Pareto principle (80/20 rule). The principle of 80/20 or better known as the Pareto principle, is one of the most important principles for time management and productivity. For many events, roughly 80% of the effects come from 20% of the causes. Pareto observed that 80% of income in Italy is owned by 20% of the population.

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Find Right Partner

Small Business Tips : Finding The Right Partner and Mentor Functions

A few days ago I filled an entrepreneur seminar as speakers. There was a question and answer session at the end of seminar and one girl asked me this question “How to find the right partner? Do you have a mentor who helped you when there is a difference of opinion with your partner?

These two questions are questions that are frequently asked by people who will build a business with friends / colleagues / relatives. So, this is a small business tips to finding the right partner and mentor functions. I will explain simply.

  1. How to find the right partner?
    — It’s all about chemistry to find a business partner, just as you are looking for a life partner. You can share your goal / vision and see what the response was. Maybe you can try a small project together, so that you can see your partner candidate (see its spirits, look at performance, see its capabilities, and etc). With this you can analyze your partner and use your intuition to determine the result.
  2. Do you have a mentor who helped you when there is a difference of opinion with your partner?
    — Yes, I have. With the mentor, then you can accelerate your business. A mentor is a person or friend who guides a less experienced person by building trust and modeling positive behaviors. An effective mentor understands that his or her role is to be dependable, engaged, authentic, and tuned into the needs of the mentee. Therefore, mentor is very helpful because they knew a lot about the business world and mentor can give wise advice to us when we have difference of option.

Hopefully this article can help you and inspire you life.