“Focusing on the vital few” is a concept that encourages individuals or organizations to prioritize and concentrate their efforts on the most important tasks or goals. It is also known as the Pareto principle or the 80/20 rule, which states that 80% of the effects come from 20% of the causes. Now. Although I believe in the Pareto principle, I also believe that sometimes the 80-20 rule is more like the 90-10 rule. Sometimes there are so many different things that people or business work on that the non-productive stuff can truly get out of hand.
We are following our own advice and will be streamlining our focus, staying in our own lane. Part of this is prioritizing what we do and focusing on “staying in our own land” by producing high quality content in the following areas:
1. All things barcodes. This is what we do really well
2. Business marketing and advertising (for ourselves and clients)
3. Independent Music
4. The Foodie Phil Blog – this is our fun space.
In order to do these well, we will be shutting down our all sites that are a distraction to our 2023 laser-like focus.
As we say in this video, focusing on the vital few allows us to increase our focus in the more important areas.