The Prodigy Kid Podcast
Come join us to find out what successful entrepreneurs were doing as kids/teens that was entrepreneurial, where they got their "start". and if they have kids, what are they teaching THEIR kids about success, Life and making money!
The Prodigy Kid Podcast
Elon Musk is using "The 80/20 Principle" at Twitter right now Episode 25
I was sharing with Nate how Elon Musk is taking a lot of criticism right now about how he is reducing Twitter's workforce, but in reality it is brilliant because it brings the Principle of 80/20 into it. The rule which I personally think should be a "LAW" would show that 20% of Twitter's workforce before the takeover are probably responsible for 80% of the results. Removing the 80% of the workforce that is only getting 20% of the results is key to a healthy business.
I also related back to my own business and a recent decision to cull/sell some of my accounts using the same 80/20 Principle.
Whole point is not to talk about my business, or Elon's, but to look for stories every day and things that happen to relate back to a teaching lesson from Prodigy Kid or Life in general. That's what I do with Nate!