Why Startups Should Embrace Lean Six Sigma
Startups have a lot to handle apart from establishing their business. Cost-cutting is always a top priority, and it often drives decisions regarding the implementation of tools and methodologies. If you are a startup entrepreneur, you will probably think twice about investing in Six Sigma. The decision makes sense if the benefits outweigh the costs. The truth is that startups should absolutely embrace the approach and invest in Six Sigma training for their employees because there are valid reasons. Let us explain them in detail.
Waste elimination
Waste elimination is crucial for new businesses because every dollar and second you lose is painful. Six Sigma reduces wastes and optimizes processes by identifying ones that do not serve value to your customers. You can steer clear of unnecessary spending and focus on things that matter. Moreover, the approach facilitates root-cause analysis that reduces defects, curbs inefficiencies, and drives quality control.
Reduced operational costs
Lesser wastage translates into reduced operating costs, which is the biggest advantage for a startup. Even as you spend upfront on hiring Six Sigma professionals or train your existing team, you end up saving in the long run. Lower operational costs eventually lead to higher gains for your business. There are good chances that your new business will make it big sooner than you expect when cost savings and higher profits become a reality.
Employee motivation
New businesses need to go the extra mile with employee motivation because it gets top talent and boosts retention. Moreover, it builds your reputation as an employer brand. Empowering your employees with Six Sigma belts is a good way to strengthen their motivation. Although you may see it as a hefty investment, you end up with dual benefits. Your team becomes motivated and loyal to give their best and stay with the company for the long haul. At the same time, you get access to the lean skill sets that add value to your business.
Improved quality and productivity
Making Six Sigma a part of your business strategy gives your startup a head start with quality and productivity. The lean approach enables your team to analyze and address process bottlenecks even before they affect the quality of the end products or services. Your team excels with better performance and productivity when they have fewer hindrances to deal with along the way.
Customer loyalty and retention
Startup survival and growth hinge on customer loyalty and retention. It is essential to focus on customer satisfaction to secure their trust and confidence. You can empower your customer service team with Six Sigma tools and techniques to help them win on this front. Once they understand customers better, there is hardly a chance of customer dissatisfaction. Your startup can consolidate the customer base and get their loyalty and trust.
Adopting Lean Six Sigma looks like an expense for new ventures, but it is an asset for your business. Having trained professionals on board gives you an advantage with smarter processes, lower costs, and happier employees. Undeniably, it makes the best choice for a startup regardless of its money constraints.
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