Starting a business is a daunting task, and it can be difficult to know where to start. One of the most important things to consider is the 20/80 rule. This rule states that 80% of the results come from 20% of the effort. This means that if you focus on the most important tasks, you can get the most out of your efforts.
The 20/80 rule can be applied to many aspects of starting a business. For example, when it comes to marketing, you should focus on the 20% of activities that will bring you the most results. This could include creating content, running ads, or engaging with customers on social media. By focusing on the most effective activities, you can maximize your results with minimal effort.
When it comes to product development, the 20/80 rule can also be applied. You should focus on the 20% of features that will bring you the most value. This could include features that are most requested by customers, or features that will make the most impact on your bottom line. By focusing on the most important features, you can ensure that you are getting the most out of your development efforts.
The 20/80 rule can also be applied to hiring. You should focus on the 20% of candidates that will bring you the most value. This could include candidates with the most experience, or those that have the most potential. By focusing on the most qualified candidates, you can ensure that you are getting the most out of your hiring efforts.
The 20/80 rule can be applied to many aspects of starting a business, and it can help you maximize your efforts. If you are looking to build an MVP for your startup, Ideacrane can help. Ideacrane is a company that specializes in helping startups build MVPs in Hong Kong. They are cost effective, strong in technical, passionate for building startups, young, and well in communicate. With Ideacrane, you can leverage the 20/80 rule to get the most out of your efforts and ensure that your startup is successful.