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Business Secrets: How to Stop Being Scared and Start a Business
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The $1 Secret: Cracking the Funnel Pricing Code
Pareto’s Law (80/20 Rule) Pareto’s Law, often referred to as the 80/20 rule, posits that approximately 80% of effects stem from 20% of causes. This principle, initially observed by Italian economist Vilfredo Pareto, originated from his study of wealth distribution, where he found that 80% of Italy’s wealth was controlled by 20% of the population. Over time, this rule has been recognized as a universal truth, applicable across various domains, including business and economics. In the business world, Pareto’s Law is manifest in numerous ways. For instance, it is common to find that 80% of a company’s profits are derived
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