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
- 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.