Double Your Profit Day #6 80/20 Rule: The Secret to Explosive Business Growth
Aug 6, 2025
Unlock the secrets of the 80/20 rule, where 80% of profits come from just 20% of your efforts! Discover how to streamline your focus by eliminating low-margin services and unproductive customers. Learn to identify which departments are draining cash and find case studies showcasing businesses that doubled their profits by simplifying operations. This insightful discussion offers a repeatable framework for cutting waste and maximizing revenue, ensuring you can scale your business effectively!
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insights INSIGHT
80-20 Rule in Business
80% of your results come from 20% of your work according to the Pareto Principle.
Most of your time is spent on activities that only yield 20% of your impactful results.
question_answer ANECDOTE
Profit Insights from Construction Example
In a $10M company, $5M might come from new construction consuming lots of resources with low profit.
Service work usually generates 80% of profit despite less revenue share.
volunteer_activism ADVICE
Cut Low-Profit Work
Identify the 80% of work or customers that consume resources but yield little profit.
Cut or reduce time spent on low-profit departments and focus on the profitable 20%.
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📈 Double Your Profit Day 6: 80/20 Rule for Small Business Growth
Welcome to Day 6 of the Double Your Profit 30-Day Challenge—the ultimate profit-boosting series for contractors, home service business owners, and small business entrepreneurs. Today, we expose a game-changing insight: 80% of your profit comes from 20% of your effort. That’s the Pareto Principle, and mastering it could 2X your bottom line.
🎯 Are you spending time on low-margin services, needy customers, or bloated departments? If so, you’re draining resources and killing growth. This episode will show you how to cut the fat, double down on ROI, and scale profit with precision.
💡 What You'll Learn in This Episode: The 80/20 rule for small business profitability How to identify unprofitable customers and low-return services Which departments drain cash without adding value How to cut the bottom 80% of waste and refocus How to identify your top-performing profit centers Case studies of businesses that doubled profits by simplifying A repeatable framework to eliminate waste and scale
💸This Episode is Brought to You by CFO Made Easy
Built a strong trades business? Let’s take it to $10M and beyond. CFO Made Easy offers part-time CFO services for home and trade service businesses—helping you boost cash flow, maximize profit per tech, and make clear growth decisions.
John Wilson, CEO of Wilson Companies Jack Carr, CEO of Rapid HVAC 📌 Disclaimer: Some links may include UTM parameters or affiliate relationships, meaning we may earn a commission if you make a purchase. Episodes may feature sponsors, but all opinions expressed are our own.
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