Worry Less About Efficiency in Your Business
Mar 31, 2023One of the things that we're always taught in business school, operations management, or really in any field, is how to build efficiency in your business. And while I'm a big fan of creating optimal operations in your business, I think we can become too efficient at the cost of effectiveness in multiple different areas. I see it in two major ways with many business owners right now. Tune in to hear about the things I've avoided automating in my business, things others have automated in their business, and how these efficiencies can affect your business and your brand.
"Do what's not scalable until it's not scalable. Maximize effectiveness over efficiency in your business to drive the best results."
In this episode, you will learn the following:
1. What are the potential risks of relying too heavily on automation and outsourcing in business?
2. How can business owners effectively maximize their time and energy to maximize results?
3. What strategies can be used to create a personalized, genuine connection with potential partners and clients?
What you'll hear in this episode:
- The fastest way to lose all the trust you’ve built is to have your clients find out you’re catfished.
- The last layer of automation will be the last layer of things I automate.
- When automation doesn’t yield the same result as manual.
Here are some brief snippets from this episode:
[00:00:50]
I think we implement too much efficiency at the cost of effectiveness in multiple different areas. If you're going to build efficiency through automation or through outsourcing, you have to do it in a very selective way that does not impair your brand. Do what takes the most human connection and until it's not scalable.
Related episodes:
Building a Better Financial Future with Marc Russell of BetterWallet
Knowing Your Numbers: Three Key Dimensions Every Entrepreneur Should Focus On
Things You Should Not Hire an Accountant to Do
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The information contained in this podcast is intended for educational purposes only and is not individual tax advice. Please consult a qualified professional before implementing anything you learn.
