Formal process optimization mechanisms are often reserved for large companies and overlooked by startups. A lack of efficiency can be costly at the inception phase, however, so startups need to move fast.
So how should founders think about efficiency in their company, and when should they be considering a process improvement consultant for their team?
In the corporate world, efficiency is traditionally the name of the game. Tech startups, however, often operate in the world of innovation, agility, and risk. They are out to change the game, not just improve it. Many startups fail to fully understand the definition of efficiency, and thus, choose not to prioritize it.
Efficiency is the ratio of useful work to the total energy expended.
Efficiency is more than just focusing on incremental changes; it also encompuses process improvement, which should be on the radar of any startup trying to get the most out of their resources.
Startup entrepreneurs are acutely aware that processes matter anytime speed is important and a company’s resources are stretched. The efficiency of processes becomes quintessential when:
In addition to solving today’s problems, hiring a consultant can help executives upskill. The new insights can improve their ability to see and manage process improvement throughout the company’s journey and their career.
A consultant may help you:
One more benefit of working with a consultant early is that it will help you recruit better when it comes time to hire a full-time in-house process improvement role.
Follow these guidelines to get the most out of your consultant.
Entrepreneurs are likely to overlook processes in the early stages of their company. Addressing process improvement early can have a long-lasting impact on the speed of progress, profitability, and scalability of the business, and hiring a consultant can be a great way to upskill a startup’s executives and help prepare for in-house roles to be created in the future.