• Eliminating Waste in Your Business

  • Mar 25 2025
  • Duración: 13 m
  • Podcast

Eliminating Waste in Your Business

  • Resumen

  • We'd love to help you to get from here to there in terms of eliminating waste in your business. When you're focused on getting those things done and when you've got processes and procedures in place to allow you to accomplish it more quickly, then everything gets a whole lot better. David: Hi, and welcome back. In today's episode, co-host Kevin Rosenquist, and I will be discussing eliminating waste in your business. Welcome, Kevin. Kevin: Great to see you. David. Excited to be here. David: I'm excited to have you here. Kevin: Yeah, so we're talking waste, obviously waste in business. There's different kinds of waste. A lot of people will immediately think of money, but that's not really what we're talking about, is it? David: Well, some of what we're talking about, I guess. Yeah. There's been a lot of talk about finding and eliminating waste in the news. So I thought, how does that really apply when you're operating a business? Kevin: Mm-hmm. David: Anyone in business, particularly small to medium sized businesses, must be aware of the fact that there is always likely to waste in the business. And as you pointed out, I mean, very often it starts with money. We're afraid that we might be wasting money, and in many cases we are. Kevin: Sure. David: But for most businesses who are reasonably run well, that's usually not the biggest thing. Kevin: What would you say is the biggest thing, or can you give me like your top three? David: Okay, sure. Yeah. I think for most of us it probably starts with time. Kevin: Yeah. David: Because the time that we waste is something that we can never get back. I think I heard Brian Tracy say this years ago. If you lose money, you can always make more, but if you run out of time, that's it. All the money in the world won't help you. That's pretty much how it went. Kevin: Yeah. I mean, there's no going back. So far they haven't figured out a way. David: No. We have not figured out a way to do that. So when we look at our days, weeks or even hours, we look at things like meetings. Are our meetings productive? Are our processes organized or disorganized? What are the distractions like during the course of a day? Because when we're focusing on one thing and then we're distracted and we have to switch back and forth, it requires flipping the switches in our brains and getting ourselves adjusted to the new thing that we're thinking about. All of those things consume time, which is, in many cases, even worse than money when we start wasting it. Kevin: You brought up a good one, meetings. And I think that's something, especially in this day and age of Zoom calls and all that stuff. I have a lot of friends who are in the corporate world or in the business world, and they talk about the needless meetings, the constant need for them, for people to feel like you got to get the crew together. Why are small businesses and medium sized businesses so focused on that and how can they like pull back? David: Yeah, it's a great question. I think there are some people who just feel like it's necessary. I think there are some business owners, some managers who feel like their presence in everyone's day-to-day life is critical Kevin: Right. David: And that's true more of some people than others. Some employees are happy to be able to just do their own thing and get everything done. Others do need more interaction. So it is an individual kind of thing. I think most business owners have to take a look at that and say, how much of me do they need? How much of their sales managers do they need? But being aware of the fact that each time we force everyone to get together, the clock is running. The clock's running on everyone. And when you have a bunch of people on one meeting, that means that all those people are tied up for that period of time. And if it's not productive for everyone on that meeting or in that meeting,
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