• Grow Your Business with
    the 80/20 Principle

80/20 Rapid Assessment

The spread of the novel coronavirus (COVID-19) has upended American businesses and cast a pall of uncertainty over the future of the economy. Riding the tides of economic fortune is relatively easy—the real test of leadership comes during times of turbulence. How is your organization steering the ship?
 
Charting the right path forward requires focus: Where can you afford to cut costs, and where should you continue to invest?
 
Based on the Pareto Principle—or the “80/20 Rule”—BDO’s Rapid Assessment helps your business determine where the focus should be. The rule is simple: 80% of outcomes result from 20% of efforts. For example:
 
  • 80% of sales come from 20% of customers
  • 80% of sales come from 20% of products/services/jobs
  • 80% of customer complaints come from 20% of products/services

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The principle illustrates that a “critical few” things generate most of the of profit for an organization. Using this basic principle, we can conduct a series of data analyses to identify opportunities for your business to reduce costs and prioritize investment in time, resources and attention.

How to use the assessment:
 
  • Identify “quick win” profit improvement opportunities
  • Develop an understanding of the current distribution of cost and profits among various groups of customers, products and/or projects
  • Build an informed roadmap for cost optimization
  • Identify and prioritize potential business improvement initiatives
Please click here to get started on your free assessment.

Free Rapid Assessment