Pareto Principle

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Tag archive for Pareto Principle

Abandon Client Retention for A Leaner Business Model

Sometimes it’s when you go against the grain that you do your best work. If you’re in a competitive marketplace, (and let’s face it, in this industry, who isn’t?) you have to fight for every advantage. Your membership retention rate is one of those things that can make an impact in the profitability and survival of your small gym business. I certainly don’t think small gym business owners should completely ignore how well they retain their membership. However, if you’re working on a shoestring budget and living in the back office because you can’t pay yourself a salary, maybe it’s [...]

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80/20

Get Gym Management Leverage With the 80/20 Rule

As a manager or owner of a small business you never have enough hours in the day to do all of the things that need to be accomplished. Work will pile up rapidly. How do you find a way in to the jungle that demands that you figure out what truly needs most of your attention? Having the right gym management software system does help, but there’s also one interesting insight to look out for in the stats. The (Gym) Insight of Vilfredo Pareto Possibly you’ve heard of the Pareto Principle, also known as the 80/20 Rule. The Italian economist [...]

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