In 1903 Charles M. Schwab (no relation to the company overseeing my IRA) became the President of a small steel manufacturer names Bethlehem Steel. One day he had a meeting with PR and Management Consultant Ivy Lee. Schwab expressed concern that people in his organization knew what they needed to do but seemed to have […]

One of the more commonly accepted principles of business is the Pareto Principle – the idea that 80% of your results come from 20% of your effort. The Pareto Principle is named after the Italian economist Vilfredo Pareto. Pareto noticed while gardening that 20% of the pea pods in his garden produced 80% of the […]