🧰 The rule that nearly broke us & our business...


Hi Reader,

There's a rule that applies to any aspect of life called Pareto's Law also known as the 80:20 principle.

The rule explains that 80% of results come from 20% of efforts aka. it feels like 80% of what you're doing is wasted effort.

The reason this nearly broke our business was because it nearly broke US….

We felt exhausted & frustrated that the efforts we were putting into our business weren’t paying us back proportionately.

We thought they should….right?!

Wrong.

It is this exact type of scenario where Pareto’s Law comes in to play.

The problem with this law is that it often isn’t possible to predict which efforts are wasted….

A really obvious example of this is posting content on social media.

You could post 100 reels and only 20 would actually help you gain traction or followers.

You can’t predict which of those 100 reels are going to be that 20 though, which means you have to post all 100.

We’ve experienced this first hand with our accounts
@ellejeantodd and @thestoryoftrouble… we wouldn’t confidently be able to say the ratio is 80:20 but there is a lot of effort that goes technically “wasted” or unnoticed.

This same principle can be applied to lots of other aspects of your business.

You’ll spend hours working on your website for 80% of that time probably being wasted changing text sizes, positioning, copy etc only to revert back to your original design.

You’ll spend hours on the phone trying to convert a potential customer only for them to go elsewhere but then another lands in your inbox with little to no effort needed.

You’ll invest money into all sorts of different marketing methods for only a fraction of that converting into customers.

This is just how things work….

You will likely have to do lots of work which doesn’t feel like it’s giving you the return it should.

It might be that you do need to review how you’re doing things from time to time but sometimes it could just be Pareto’s Law.

It doesn't mean you need to quit - please forward this message on to a friend if you think they will find it helpful.

Alternatively, just reply to this message if you want to have a chat 1:1 about your business. We're opening up some FREE brainstorming sessions over the coming weeks.

See you next week,

Elle & Lawrence

P.S Any time you need more help there are 3 ways we can help you....

1. FREE - Take a look at our Instagram (making sure to read the captions) where we share our learnings about all things related to starting a business & marketing it on social media. You can find our account here. You can also browse our resources including our blog & guides to download on our website which step you through various aspects of starting a business. Here's a link to our website.

2. 1:1 SERVICES including coaching & social media content creation - We've recently had some more availability to take on additional clients. We offer various services to help other existing or aspiring business owners. These including our 1:1 consultations or coaching where we can review business ideas, marketing plans or social media strategy as examples. We also work with clients to design them their very own social media content or websites - please send us an email if you would like to learn more.

3. The Business Manual (£20/month) - We will be launching as of April a special type of email where we breakdown a specific topic to help aspiring & new business owners. It will be a 10 minute read every 2 weeks where we will be covering breakdowns on specific subjects such as ordering stock, marketing strategies, step-by-step content creation & so much more all based of real life examples from our own businesses. The reason for this paid newsletter? It keeps our weekly emails totally free of annoying sponsors & it means as our capacity to work with others 1:1 gets stretched, we can still provide very specific help as time & cost effectively as possible for us & you! Click here if you don't want to miss an edition of The Business Manual (you can read old editions too).

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