EP05: How do we measure return on investment for process improvement?

<p><span style="font-weight: 400;">On the</span> <strong><em>Get Your New View</em></strong> <span style= "font-weight: 400;">Podcast, you will experience solving mission-critical business problems that produce long-term business relationships. Your clients will report that they have boosted efficiency and solved business problems, and had fun in the process! In this episode, you'll learn the importance of measuring return on investment for process improvement. </span></p> <p><span style="font-weight: 400;">Any time we're going to invest in something for the purpose of improvement, we want to make sure that we can measure what the result is. There is no other time to strategize how to increase utilization of your business growth and profitability than today. Don’t wait for a business crisis to happen. </span></p> <p><strong>Key areas we covered in this episode: </strong></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Identify your ROI measurements depending on the average hourly cost per employee and hours spent on the task.</span> <em><span style="font-weight: 400;">What else could you do with the time you’ve saved? </span></em></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How can you get your business improvement done faster? Regardless of how much you have on your plate, what if you could do that now, in three months, or earlier than a year from now? </span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Figuring out which aspect of your business needs process improvement, the benefits you can reap, and writing a timeline for each.</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Listen to a story about a client who had a big list of improvements to make. He went over this with his executive team and they asked him to get a quote on the total cost. He kept saying,</span> <em><span style="font-weight: 400;">“If I can just get this done, I can do this next!”</span></em> <span style= "font-weight: 400;">He had a big oppo