At ScaleHouse, we focus a lot on business optimization. Whether it’s introducing new methods, practices and systems that reduce turnaround time, or optimizing your organizational structure, it can often be a lot easier for us (as external consultants) to identify opportunities for optimization because we’re not working IN the business every day. In essence, optimization is the art of reducing costs while improving performance (and profitability!).
Although every business we work with is at least somewhat unique in their specific business challenges, we find the best opportunities for optimization when we focus on the following:
This is by no means an exhaustive list of optimization opportunities. Many more lie in product, pricing, production and automation but the above should serve as the fundamentals. Your North Star of optimization!
Is 2021 the year you focus on making your business more profitable? We’d love to talk about how our field-tested strategies can help you reach your goals.