Business Bottleneck – Episode #80

by Richard Wilson on July 31, 2011

The following video is borrowed from our platform and was originally recorded for our business management training program.  Identifying the choke point, or bottleneck, in your business can be an important step toward improving and growing your company.  In this video, I explain the business bottleneck and how you can identify this choke point.

Video Transcript/Summary: The strategies and tips provided within this video module include:

  1. A business bottleneck is the area that if you controlled you would have a lot of leverage in the industry over price, quality, etc.
  2. John D. Rockefeller was a master at identifying bottlenecks in his business, such as the oak barrels used to transport oil and the iron bands that held the barrels together.
  3. The trick to this is identifying the choke points in your particular business or industry.
  4. You should look at your industry or niche and identify the top five ways to get leads, the top five largest costs and figure out which one of these areas has a business bottleneck.

I have included the business bottleneck in several of my training programs because I feel that it can be so valuable yet few people take the time to really understand how it relates to their business.  I hope that this video has helps you identify bottlenecks in your business. 

Thanks for joining us, and I will see you again soon,

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