Is it Quality vs Quantity? Who Rules the 80/20?

In business, searching for that perfect thing can be easily flawed when the game of "Quality vs. Quantity" kicks in. In a society where the value of start-up businesses and independently owned businesses are gauged by the numbers of fans they have on social media, focusing on attracting and retaining only high quality and ideal clients becomes extremely difficult. Add this pressure to the other pressures of being a start-up or solo-entrepreneur and you find a perfect recipe for "Defeat"! 

According to the Fall 2012 survey done by Business Today, Micro-Businesses have the most challenging time Scaling Up to the Next Level because of limited resources, finances, capabilities and vision. Micro-Businesses have a difficult time defending their purpose and value against large companies with a team of 150 people and a fan based social network of 1 million.

The first thing Micro-Businesses need to remember is that they can't compete with large companies who have extensive budgets to market and hire. Leveraging the benefits of the new economy, new technology, new opportunities and less red tape, will need to be the biggest thing Micro-Businesses focus on. These are the principles that Live BootCamp attendees have been learning.

                                              
                                               http://www.BusinessDevelopmentBootcamp.org 

Now, Let's talk Quality vs Quantity! As a Micro-Business, you need consistent transactions to Fund, Fuel & Forward your company. There's no profitability in having 5,000 fans on any social networking platform, if none of them convert to business sales, interaction or referrals. Focusing on doing activities that convert to sales activity, is highly important as a small business owner. Doing anything else is a waste of time and leads you closer and closer to returning back to full-time employee status.

Focus, Focus, Focus on Quality......Not Quantity! 

Disregard the loud chatter of other non-business owners, non-purchasing fans and un-supportive associates. Learn to focus on the greatest few which falls under the 80/20 Rule. This rule has been proven time and time again. 80% of your revenue will come from 20% of your network.

When you're looking to build your social network for profitability, remember that you need followers in your local area and surrounding areas too! The sophistication of search engines, preset to the person's computer to their geographical area. Therefore, the first roster of businesses will be in that persons region. Also, as a Micro-Business owner you still need to get from behind your desk and out the doors, even if you're an online business. Competition is Fierce! You need to stay on top of your game.

Now! You're Armed with the Knowledge to Stay Fit For Business!

Apply this information & enjoy the results. Drop us your comment and remember to subscribe to the Blog before leaving so you don't miss out on the next one!

View details of the when & where for the next LIVE Business Bootcamp on http://www.BusinessDevelopmentBootcamp.org .... Secure your seat using this Professional Courtesy Savings Code #BC2012EF