Episode 7-132: How to Think Lean while Growing your Company

Building a company means wanting growth and profit but there are times when business ebbs and flows, and we need to think lean. As owner and designer of Rebekah Scott Designs, I have learned how to ride the waves and share my tips for thinking lean while still growing your company.

When you own a business, you have to be sure to think abundantly but also think lean when cutting costs and improving efficiencies.

If you are considering adding or cutting something, ask yourself, “Do I have more time or money?”

Things to consider when thinking lean:

  • Printed material costs
  • Subscriptions
  • Memberships
  • Payroll
  • Contracts
  • COGS (Cost of Goods Sold)
  • Wholesale pricing on supplies
  • Take pre-orders
  • Check all business transactions
  • Prioritize spending
  • Reduce inventory 

We got this Encouragers!

Click here to get the reflection guide.