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How to create more with less work. The pareo principle and its benefits in terms of productivity

12/20/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

The Pareto Principle is a concept that states that 80% of the results can be achieved with 20% of the work. It is an effective tool that can help increase productivity. It can help prioritize daily tasks and identify which work is important and which is less important. This principle can also be applied to determine in which activities the most time should be invested.

By applying the Pareto Principle, companies can make better use of their resources by prioritizing the tasks that produce the greatest results. They can also save time by delegating less important tasks and focusing on the most important ones.

The Pareto Principle can also help companies achieve more through analysis and planning. It allows companies to minimize the time it takes to complete a given task by focusing on the most important activities. It can also help companies make better use of the skills and resources needed for a given task.

The Pareto Principle can help companies increase productivity by helping them make better use of their time and resources. It can also help companies maximize results and do more with less work.

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What are the biggest exit mistakes?

12/14/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

1. Underestimation of the sales process: many entrepreneurs underestimate the effort and complexity of a sale. Selling a business is a complex process that requires a lot of time, know-how and patience.

2. Wrong pricing: a too high or too low sales price can reduce the value of the company, so that the transaction does not lead to an adequate return for the seller.

3. Inadequate preparation: a successful sale requires thorough preparation before the sales process begins. This includes a comprehensive review of the business to determine the true values of the business and to ensure that all important documentation and information is in place.

4. Not staying consistent: If the seller does not remain consistent and is not firm on pricing or other important issues, it can delay the sale process and diminish the value of the business.

5. Inadequate public relations: effective public relations is an essential part of the sales process. A business owner must ensure that potential buyers are informed about the sale in order to create a competitive market.

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Where do you earn 5000 Euro net or more?

12/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

There are many ways to earn 5000 euros net or more. Some examples are:

- Managers, directors or executives in large companies

- Experienced engineers or technical experts

- Successful freelancers such as programmers and designers

- Sales representatives and salesmen in the automotive industry

- Bankers and financial experts

- Lawyers and tax consultants

- Doctors and other medical professionals

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In which area do you earn 3500 Euro net or more?

12/13/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS
It is difficult to name a specific area in which you can earn 3500 euros net or more. It all depends on what qualifications, experience and skills you have. There are some professions where you can earn more than 3500 Euro net, e.g. as a lawyer, engineer, doctors or management consultant. But also in other professions, such as sales, administration, marketing or finance, you can earn more than 3500 Euro net.
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Part-time job during studies - Become a freelancer in sales

12/12/2023 | by Patrick Fischer, M.Sc., Founder & Data Scientist: FDS

Finding a part-time job in college as a freelance sales associate is a great way to earn more money while gaining valuable sales experience. As a freelance sales associate, you will work directly with a company to market their products and services. Depending on how much time and energy you put into the project, you can earn between 12 and 20 euros per hour.

Starting as a freelancer in sales can be done through an agency or directly through the company itself. First, you need to consider some basic things, such as your personal skills, your skills in dealing with customers, your knowledge of the sales market and your skills in dealing with different sales strategies. After you build your experience and skills, you can become a successful freelancer in sales.

An important aspect of being successful as a freelance salesperson is that you need to constantly expand your knowledge of the company's product and services. It's important that you keep up with the latest trends and developments in sales so that you can effectively advise clients and provide them with the best possible solutions. It is also important that you have a positive attitude and try to satisfy your customers.

Taking a part-time job in college as a freelance sales associate is an excellent way to earn more money while gaining valuable sales experience. It's a great way to improve your sales skills while marketing the company's products and services. If you are willing to work hard, you can become a successful freelance sales associate.

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