How to reduce waste and maximize profits at your organization

<p class="p1"><strong>In This Episode: </strong></p> <p class="p1">Many CEOs believe that a slowdown (or decline) in profits is simply because of a lack of sales, not enough hard work, or outside economic forces. But the truth is, many profit plateaus can be traced back to one thing: waste. </p> <p class="p1">Time wasted is also money wasted. But figuring out where that bloat is, and developing an action plan for reducing it, can feel overwhelming or confusing to many business owners. Luckily, there are a few simple strategies (and some very simple math) CEOs can use to reduce their organizational waste — and turn bigger profits.</p> <p class="p1">Tune into the full episode for advice on how to evaluate waste in your organization, how to measure your “cycle time” and “process time,” and a deep dive into the math you need as a CEO to measure your ROI and potential for more profit.</p> <p class="p1"><strong>Here’s a Glimpse of What You’ll Learn: </strong></p> <ul class="ul1"> <li class="li1">When a CEO should think about making process improvements</li> <li class="li1">The rule of thumb for evaluating the ROI on decisions you make as a CEO</li> <li class="li1">How to calculate the cost of delaying major decisions within an organization</li> <li class="li1">The difference between a company’s “process time” and “cycle time” — and how to measure waste between the two</li> <li class="li1">What CEOs can learn about value (and how to make money) from hospitals</li> <li class="li1">The power of “lean thinking” and how it can help CEOs 3x (or more) their ROI </li> </ul> <p class="p1"><strong>Resources Mentioned in This Episode:</strong></p> <ul class="ul1"> <li class="li3"><span class="s2"><a href= "https://40strategy.com/"><span class="s3">40 Strategy</span></a></span></li> <li class="li3"><span class="s2"><a href= "https://40strategy.com/contact/"><span class="s3">Contact 40 Strategy</span></a></span></li> <li class="li3"><span class="s2"><a href= "https://www.linkedin.com/in/carljcox/"><span class="s3">Carl J. Cox on Li