Richard Koch

Are you working to make others rich or is it the reverse?

It was better to be in the right place than to be smart and work hard.

Conventional wisdom is not to put all your eggs in one basket. 80/20 wisdom is to choose a basket carefully, load all your eggs into it, and then watch it like a hawk.

If you analyzed the enjoyment you derived from all your leisure activities and found that 80 percent of the enjoyment derived from 20 percent of the activities, which currently took only 20 percent of your leisure time, it would make sense to increase the time allocation from 20 to at least 80 percent.

For what a business needs the most for its decisions—especially its strategic ones—are data about what goes on outside of it. It is only outside the business where there are results, opportunities, and threats

The world is full of

The game is to spot the few places where you are making great surpluses and to maximize them and to identify the places where you are losing and get out.

WHERE ARE YOU MAKING THE MOST MONEY?

The best way to examine the profitability of your business is to break it down into competitive segments.

this is not as difficult as it may sound