Business Model
A lean business model is designed to eliminate waste in as many areas of your business as possible, with an emphasis
on the operational and production stages. This model originated in the 20th Century by the Toyota Motor Company,
with the aim of cutting the production process back to the bare minimum to avoid any waste.
Main Core Elements of a Lean Model
- Cost Efficiency – cutting waste is the main focus of the lean methodology. By using the lean
method and keeping your production process at the bare minimum helps to cut down on any waste and minimize
any unnecessary spending. This helps to optimize the resources you have and allocate your funds in the most
efficient way. - Increased Agility – when using the lean method, it makes it much easier to ensure your
business is agile and can respond quickly to any changes in your industry and customer needs. If you have
minimal waste, this will mean you have more resources available to pivot where you are most needed. - Enhanced Customer Focus – by eliminating non-value-added activities, or in other words,
wasted time, you can use this time to focus on customer satisfaction and deliver tailor-made services for
your customers. - Streamlined Processes – by using the lean method you will find you will naturally start to
streamline your workflow and reduce any bottlenecks in your business. This all helps to improve productivity
and results in shorter lead times, delivering your products much quicker. - Sustainable Growth – the lean business model promotes long-term sustainability by always
focusing on improvement, adaptability, and financial stability.
If you’re looking to improve your cash flow and efficiency, get in contact with us to talk through your strategies
and see how switching to a lean methodology could help you and your business.
