Achieve More with the 80/20 Principle! #RestaurantManagement #BusinessGrowth #RestaurantSuccess

22 Dec 2023 · 1 min

Watch on YouTube

0:30

Donald Burns explains the 80/20 principle, which originated from Vilfredo Pareto's 1906 observation that 20% of pea pods produced 80% of the harvest. The rule states that 80% of results come from just 20% of causes, with wide applications across restaurant operations and business growth.

Questions this video answers

Vilfredo Pareto, 1906.

About 20% of the pea pods in his garden were responsible for 80% of the harvest.

Chapters

The 8020 principle is a theory that was first introduced by economist vilfredo Pareto in 1906. And he noticed kind of unusual thing. 20% of the pea pods in his garden were responsible for 80% of the harvest. Now, in economics, this is referred to as the Pareto principle, or the 8020 rule. It states that 80% of the results are due to only 20% of the causes. It's a very simple idea that has very big impact on many areas of your restaurant.