Time, and our perception of time, is a fascinating concept. Often we feel that ‘time flies’ or that we don’t have enough time each day. It is easy to waste five minutes per day–and it should also be easy to find five minutes per day for something important.
On the other end of the spectrum, it seems like it would be difficult to add thousands of dollars of net profit to a small retailer. Especially with no major investment in tools, personnel, etc. If it were easy, we’d all do it…right?
Our perception says these two things: finding just five minutes and adding thousands to our bottom line, are at odds with one another. And yet, these things are fully compatible. There are thousands of dollars of net profit available in just five minutes per day. This is the power of lean thinking and reducing waste.
A mechanic who can bill just five extra minutes per day (assuming 5-day work week and two weeks of vacation – 250 days worked per year) will add $1,250 of new net profit to an operation. Importantly, this isn’t a “work harder” scenario…it is about removing waste to compound efficiency. What about making it easier to pick parts? Faster transitions between repairs? And if you can find five minutes once, you can find it again. And again. The sky is the limit. As you can imagine, $1,250 is just a starting point.
Find five minutes every month and these successes compound. It’s like watching magic happen. This is what lean thinking and waste reduction can do for you.
Schedule a free, no-pressure consultation today to see how just 5 minutes can mean tens of thousands of dollars to your business.