Comments? Suggestions? Text the show here!
Starting, growing, and sustaining a business is challenging, especially if you want to keep costs down. The last thing you want is for your business to grow at a rate where it won't be able to sustain itself.
Growing your business in a lean way ensures that it grows at a healthy and sustainable pace, increasing value and productivity and decreasing waste.
So what does a lean business look like?
Why is it important to keep your business lean, and how does it affect your company's financials?
In this episode of Help, My Business Is Growing, my guest Crista Grasso shares deep insights and helpful, actionable tips to lean out your business successfully.
Crista is a strategic planning expert for global businesses and online entrepreneurs when they want to scale and is the creator of the "Lean Out Method", which helps companies achieve accelerated results and increased profitability. She hosts the "Lean Out Your Business Podcast," a show dedicated to helping entrepreneurs grow their businesses and simplify success.
In this week's episode, we discuss:
2:15 What is a lean business, and how does it apply to businesses, not in the manufacturing space?
3:33 What does a lean business that is significantly growing in a very short amount of time look like?
5:12 Why is it, when running a business, important to sometimes say "No?"
7:44 What are the steps that founders can take to get them to lean out their business?
13:13 What should founders prioritize in their business?
15:40 How does a lean business work when hiring & putting teams together?
19:15 What are the common mistakes that small businesses encounter when in the process of leaning out?
22:15 How to successfully implement changes in business
24:15 How do you stay true to the lean method when your business is growing? Is the "lean" going to look different when you hit the $5 or $10 million mark?
27:40 Give us an example of how one of your clients successfully implemented the lean method and its impact on their business growth
31:15 What is the next tangible step someone who wants to implement the lean method into their business can take right now?
Resources:
Crista Grasso, strategic planning expert, creator of the Lean Out Method, and podcast host:
https://www.leanoutmethod.com/
Kathy Svetina, Fractional CFO:
https://www.newcastlefinance.us/
Blog post | How to "Lean Out" Your Business For Next Level Growth:
https://www.newcastlefinance.us/post/how-to-lean-out-your-business-for-next-level-growth
Is your growth causing financial headaches? Sales up, but profits lagging? Financial practices stuck in entry level mode?
Don't worry, it's not you—it's your financial setup.
Introducing NextGen Finance Blueprint by NewCastle Finance. This CFO-led roadmap: • Brings fuzzy finances into focus • Gives you a clear money picture • Creates a step-by-step action plan
Ready to level up? Visit newcastle.finance/blueprint
