3 Steps to Identify Your Business's Bottlenecks

First off, let's get on the same page as to what a bottleneck is. Because Investopedia defines bottleneck so eloquently...I am just doing a bit of copy and paste here....

So, now that we have identified that a #bottleneck is something that you do not want in your #business , it is also important to ease your anxiety about it because bottlenecks are always going to be there. You solve one to sprint to the next where you will fix that and repeat, this is the journey of #entrepreneurship . So our #mission here is to become an expert at identifying, fixing and sprinting. Let's talk about the first one. Alex Hormozi has a great podcast on this. You can listen to that here .

How to Identify the Bottlenecks in Your Biz in 3 Steps

Step 1 - List the last 3 issues you had in your business

Whether is be client complaints, employee problems, etc. What were the last 3-5 problems you have had to solve (...or maybe you're still working on the solution).

Step 2 - Find the Common Denominator

Is it a certain person (...maybe even you - it's ok most business owners are the bottleneck of their business)? Is it a process? Is it a supply problem?

Step 3 - Put more effort into whatever it is you identified in Step 2.

Get with your trusted employees or if you're a solopreneur and invest time in fixing this problem.

Invest in solving the problem right the first time.