#123 The 70-20-10 Rule in Your Pet Business

Diversification and Innovation: Balancing Your Pet Business Focus

In this episode of the Pet Biz Podcast, Janie draws inspiration from an interesting Facebook discussion about diversification, focusing specifically on starting a pet waste removal service. Janie reflects on personal experiences in the pet industry since 1997, emphasizing the importance of diversification, without diluting core business offerings. She introduces the 70-20-10 rule for managing resources: 70% on optimizing core services, 20% on adjacent improvements, and 10% on bold new ideas. The episode concludes with guidance on sustaining focus while exploring innovations and a call to action for listeners to apply the 70-20-10 rule to their own businesses. Listeners are invited to share topic ideas and industry contacts via email at janie@petbizu.com

00:00 Introduction and Episode Inspiration

00:41 Diversification in Your Pet Business

01:43 Personal Experience and Business Focus

08:54 The 70-20-10 Rule for Time Management

14:13 Applying the 70-20-10 Rule to Your Pet Business

20:24 Homework and Final Thoughts

In case you want to reference Alex Hermozi's education head on over HERE

Hey there 👋 I’m Janie Budnick - Host of the PetBiz Podcast and founder of the PetBiz University™, including the PetBizMBA® Business Accelerator and the PetBizCRM™ Relationship Manager solution. No matter how far you are down the pet business path from START to FREEDOM I we are here to help!

Friend, your entrepreneurial dreams can 100% be a reality – but, let me tell you, it’s so easy to get discouraged when you’re starting out or in the messy middle. There are so many things to learn.

PetBiz University is the one place where you can get the support and education you need for your stage of entrepreneurship!

“I love finding out about the strategies, tips, and cool people in our industry at the PetBiz Podcast!” <– If that sounds like you, please consider rating and reviewing this show!

This helps us support the amazing pet industry and provide more education and resources to pet business owners. Click here, scroll to the bottom, tap to rate with five stars, and select “Write a Review.” Then be sure to let us know what you loved most about the episode you heard!

Also, if you haven’t done so already, follow the podcast. we add new interviews weekly, and if you’re not following, there’s a good chance you’ll miss out. Follow now!