Copyright © 2007 Brain in a Box Pty Ltd www.braininabox.com.au Cost of Inefficiency Do You Know Your Cost of Inefficiency?

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Presentation transcript:

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency Do You Know Your Cost of Inefficiency?

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency Why do we…? The Tipping Point was reached when… You became so dissatisfied that you couldn’t leave things the way they were (D x V) + F > R Is it easier to do it yourself than to ask others? Do you spend time going over tasks that you’ve explained before? Are you interrupted to help others do their jobs?

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency What we thought… Expenses Profit $10

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency $10 What really happens… Expenses Profit ????Your Cost of Inefficiency

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency Inefficiency comes from… Micro-managing others Delegation Re-doing incorrectly completed tasks Scheduling people/tasks Abuse of out of hours time/overtime etc Purchasing (over/under) Stock management Opportunity follow-up Tracking costs Waste Damage Cash flow management etc Checking things yourself Insufficient training Insufficient guidance Re-work or warranty work Lack of consistency No defined outcome etc TIMECOSTQUALITY

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency So, what’s YOUR Cost of Inefficiency?

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency How much is one hour worth? Based on your value to your business… What you pay yourself………..$ Your on-costs………………….$ Your share of the profit……….$ Total $ Divide by 1800 (hrs/year) = $ /hr  

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency $Total X 52 = …

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency Dissatisfied yet? Discussion Next Steps?Action

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency Coffee Break Process Step Decision Do this Is it …? Do this Yes No

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency VisionSkillsIncentiveResourcesAction PlanSuccess Vision SkillsIncentiveResourcesAction PlanConfusion Vision Skills IncentiveResourcesAction PlanAnxiety VisionSkills Incentive ResourcesAction PlanDelays VisionSkillsIncentive Resources Action PlanFrustration VisionSkillsIncentiveResources Action Plan False Starts The Formula for Success Copyright © 2006 Macro Perspectiv Pty Ltd

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency VisionSkillsIncentiveResourcesAction PlanSuccess Vision Skills Incentive Resources Action Plan 10 Successful Change Copyright © 2006 Macro Perspectiv Pty Ltd

Copyright © 2007 Brain in a Box Pty Ltd Cost of Inefficiency ConfusionAnxietyDelaysFrustrationFalse Starts VisionSkillsIncentive Resources Action Plan Unless I Take Care… Copyright © 2006 Macro Perspectiv Pty Ltd