Propeller Nos
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Propeller Nos

Strengthen Your Company, Own Your Industry, and Propel Your Future
Over the years I've pooh-poohed the concept of the 80/20 rule. Perhaps, as an entrepreneur I never really like rules and regulations anyway. Any time someone told me there was a rule, I tried to figure out why the rule was irrelevant, irrational, or simply wrong. Maybe that is the mind of an entrepreneur I am not sure. But after retirement, it seems to me that the 80/20 rule is indeed valid in almost every industry I've ever participated in. That is to say that 80% of the people in any industry are just taking up space, and 20% of the people really know what they're doing.
Indeed, I believe you can take the 80-20 rule even further. I believe you can take the 20% and apply the 80-20 rule again to that. In essence what you have is only 4% of the people of that 20% who are worth a darn. And you can probably take the 80-20 rule again to that 4% if you wanted to find the most elite of an industry, or the best of the best. I would submit to you that participating in an industry is not enough. In fact, I would side with Vince Lombardi, that there is only one place in my book and that is to be the best, to be number one, not just today, but always.
It's not hard to build a team, but it's hard to build a team where everyone is giving 110% of their potential. If you want to own your industry, and to be the best, you must strengthen your company by strengthening every single individual within it. This and only this will propel your business into the future and guarantee your success. If you run a small business you know that 75% of the small businesses fail within the first five years. If you hope to survive and thrive far off into the future then you have to be the best, or you are no longer in the playoffs.
When I say strengthen your company I mean build your brand from within. You need you, your management team, and each and every employee at every single level to have buy-in, to believe in the brand, and adopt and accept it as one with self. If you can do this I will see you in the winner's circle, because that's what it takes to be victorious in business. If not, look, you really don't belong there anyway. Indeed I hope you will please consider all this and think on it. If you have any comments, concerns, and/or questions please shoot me an e-mail.
Lance Winslow is the Founder of the Online Think Tank, a diverse group of achievers, experts, innovators, entrepreneurs, thinkers, futurists, academics, dreamers, leaders, and general all around brilliant minds. Lance Winslow hopes you've enjoyed today's discussion and topic. http://www.WorldThinkTank.net - Have an important subject to discuss, contact Lance Winslow.
About the Author
Rita Barberá - PRESENTE Y FUTURO DE VALENCIA - ANTE EL PROPELLER CLUB.wmv




