E145 | Areas of Waste that Impact Scalability - Part 2

 
In this episode, we continue our two-part series exploring common areas of waste in coaching, consulting, and service-based businesses. These inefficiencies can drain both your time and money, but by addressing and eliminating them, you'll create a foundation for simpler and more sustainable scaling.

Why is it essential for entrepreneurs and business leaders to comprehend the root causes behind each area of waste? And what are the actionable steps or methods to deal with it?

For entrepreneurs and business leaders, comprehending these addtional five areas of waste which are searching, underutilized resources, knowledge depreciation, fragmentation, and new versus optimization is critical in ensuring that their businesses operate efficiently and sustainably. Understanding the root causes behind each area of waste is essential in providing valuable insights into the inefficiencies within the operations. By comprehending these root causes, business owners can pinpoint the specific areas that need improvement and devise targeted strategies to address them.

In this episode, you’ll discover:

· How efficiency can be indirectly impacted and how to identify these time wasters

· The value of knowledge and the realistic cost of maintaining knowledge within your business

· Fragmentation and its impact on team dynamics, customer journeys, and overall business coherence

· Awareness of entrepreneurial inclination toward creating new offerings versus embracing more strategic optimization

Ready to simplify and streamline how you scale your business?

We are now accepting Visionary CEOs and their right-hand Ops Leads into our signature Simplify to Scale mentorship program. Learn more and join us leanoutmethod.com/scale

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Have questions? Want to explore partnering together to scale your business? Connect with me on my personal Instagram @cristagrasso or LinkedIn and let’s start a conversation.

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 For full show notes and more visit leanoutmethod.com/podcast.