When working a 9-to-5 job, you don't get as much freedom to make important business decisions. You also tend to feel as though there is not enough time in the day for both your side business and your ...

Its genesis, interestingly, was a revelation about Italian land-ownership patterns: Italian economist Vilfredo Pareto (1848-1923) discovered in the course of his research that most of his nation's ...

As we work to serve our clients, we often get the question pretty early on in the relationship about what should be custom software. There are many choices for business leaders to turn to custom ...

Whether you’re a seasoned vet or just launching your first business, I’m sure you’ve at least heard of the 80/20 Rule, aka the Pareto Principle. After all, it's been found; the Pareto Principle can be ...

The Pareto Principle says that around 80 percent of the effects arise from around 20 percent of the causes. In business, a rule of thumb is that 80 percent of output is produced by 20 percent of the ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Robert Kelly is managing director of XTS ...

Opinions expressed by Entrepreneur contributors are their own. Mental models are frameworks that help people to understand and organize complex information. Mental models are used in many fields, ...