December highlights from The MWE Advisor newsletter include: what’s the “right” age for buying a child his or her first smartphone and distinguishing your company’s elite by following the Pareto Principle (80/20 rule).
Dialing in on Smartphones for Kids
What’s the “right” age for buying a child his or her first smartphone? These devices can be a major financial investment, so it’s important to do your homework. But there are other nonfinancial challenges that need to be factored into this purchase, such as maturity issues, social media concerns, and the risks of cyberbullying and identity theft.
Distinguish Your Company’s Elite: Follow the Pareto Principle
It’s likely that most of your profit comes from a small concentration of buyers. And most of your sales are generated from 20% of your sales people. It’s called the 80/20 rule, or the Pareto Principle. Here are four of its principles that can help your staff work smarter while boosting your firm’s bottom line. There are also some example of how this effective rule applies to elements of business.