Build Your Business: From Fear to Freedom

#31 - Lean Theory for Coaches (Legacy Episode)


Listen Later

Lean Theory

Lean manufacturing theory and seeking to improve efficiency comes with misunderstandings and misconceptions. Often, ideas of decrease customers service and employee satisfaction arise.

These things may have occurred in the name of lean theory, but do not follow the true spirit of its origins.

Lean Theory originates from Toyota’s manufacturing processes and how Toyota strove to constantly improve them. The idea is to improve value. In order to improve value, you have to understand what delivers value to customers – what the customers actually want to pay for.

Lean six sigma has 5 principles:

  • Defining value
  • Mapping the value system
  • Creating flow
  • Using a pull system
  • Pursuing perfection

Many companies may have misconceptions about how things they do provide value. The amount of work or time spent does not necessarily equate to more value. Time and money spent on tasks that do not produce value need to be eliminated or reduced.

Lean Theory – Application

You may be asking, what does this have to do with online coaching?

As discussed in recent Coaching Success episodes, you are providing value to your clients. You spend a certain amount of time and have processes around delivering that value, whether you have created these deliberately or by happenstance.

If you’re doing things that don’t provide value, then you’re wasting your time. This time could be spent providing more value to your clients, having more clients, or doing something else.

In order to improve your processes, you need to observe them. This could be having a peer or superior observe you. For online coaching, you can observe yourself by recording yourself coaching.

Also consider your pace. If you want to work an hour a day and have 19 reviews to do, each should take 3.15 minutes. If you take longer, than you have to consider if you want to reduce your client load, spend more time, or improve your efficiency.

Similar to budgeting money, it can feel icky to discuss these things, but it shouldn’t. Your goal isn’t simply to spend less time on your clients, but to stop doing doing that does not provide them value. That increase time can allow you to provide more value.

PS -  Coach Smarter, Earn More: https://bit.ly/3X4ixOX Matt's Links Website: https://ryanmattreynolds.com/ Instagram: https://www.instagram.com/reynoldsstrong/?hl=en Chris's Links: LinkedIn: https://www.linkedin.com/in/chrismreynolds/  

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

...more
View all episodesView all episodes
Download on the App Store

Build Your Business: From Fear to FreedomBy Build Your Business

  • 5
  • 5
  • 5
  • 5
  • 5

5

20 ratings


More shows like Build Your Business: From Fear to Freedom

View all
BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,788 Listeners

The School of Greatness by Lewis Howes

The School of Greatness

21,105 Listeners

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business by The Rich Dad Media Network

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

3,854 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,793 Listeners

REAL AF with Andy Frisella by Andy Frisella #100to0

REAL AF with Andy Frisella

32,588 Listeners

The How of Business - How to start, run, grow and exit a small business. by Henry Lopez

The How of Business - How to start, run, grow and exit a small business.

505 Listeners

The Martell Method w/ Dan Martell by Dan Martell

The Martell Method w/ Dan Martell

475 Listeners

The Investing for Beginners Podcast - Your Path to Financial Freedom by By Andrew Sather and Dave Ahern | Stock Market Guide to Buying Stocks like

The Investing for Beginners Podcast - Your Path to Financial Freedom

1,407 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,255 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,373 Listeners

My First Million by Hubspot Media

My First Million

2,619 Listeners

Real Estate Rookie by BiggerPockets

Real Estate Rookie

1,838 Listeners

The Personal Finance Podcast by Andrew Giancola

The Personal Finance Podcast

1,373 Listeners

The Money Mondays by Dan Fleyshman

The Money Mondays

470 Listeners

The Level Up Podcast w/ Paul Alex by Paul Alex Espinoza

The Level Up Podcast w/ Paul Alex

311 Listeners