6 Oct 2014, 11:17 — 4 min read
“Lean” is the most effective (also most cost-effective) way of running a business. It is the constant process of eliminating wastage, finding every activity that does not create value and doing away with it.
One of the biggest challenges that entrepreneurs face is keeping costs down. So what are some of the ways that one can make one’s business lean and capital efficient? Here are some pointers:
"Lean" means creating maximum value for customers with limited resources. Here are few ways by which entrepreneurs can make their business lean and capital effective.
A lean company is about ‘right-sizing’ an organisation and about managing expenses smartly – doing more with less. It is often misunderstood as pure ‘cost-cutting’, which it is not. Businesses are built for the long term and truly lean organizations win in the long term.
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