April 27, 2023

DI 2: Maximizing Profitability through Technology

2 minutes

In this episode, Lisa Levy provides valuable insights into how businesses can leverage technology to achieve profitability. By having the right people doing the right work and using technology to enable them, businesses can do more with less and achieve greater success. It's important to understand the challenges that come with implementing technology and how to get the most out of it to achieve profitability.

Key Takeaways:

Profitability is not just about how much we make, but also about how much we keep, which allows us to do cool things with our families and for our employees.

Technology has the potential to enable us to do more with less, making it an attractive option for improving efficiency and effectiveness.

However, to truly leverage technology, we need to have the right people doing the right work, or else we risk creating something that Lisa calls "super fast, bad."

Technology implementation comes with costs such as procurement, employee training, and consultant fees, so it's crucial to get the most out of it possible.

By having the right people doing repeatable processes and technology giving us a lift, we can achieve profitability by doing more work with fewer people.

Lisa Levy emphasizes the importance of having the right people doing the right work and understanding the costs associated with technology implementation.

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By Lisa Levy