About this Presentation
TOC practitioners have sought a TOC-based model for entrepreneurship for nearly thirty years, but problems reflecting the hard realities of starting businesses have thwarted success – until now. Nu-Business builds upon a TOC foundation but challenges conventional TOC practices, and creates an evolutionary business model that will move entrepreneurship from the realm of the irrationally optimistic to the domain of the stolidly pragmatic. The fundamentals are as applicable to established companies as they are to start-ups. Today, perhaps 19 out of every 20 business start-up efforts stop before the entrepreneurs open their business, go bankrupt, or never adequately compensate the founders. The Nu-Business model proposes to: Reduce this failure rate by roughly two orders of magnitude, to a few percentage points; Slash investment funds required by a similar margin; Show how to open any business with a positive cash flow; and Grow sales exponentially. This presentation will present a taste of the fundamental shifts away from conventional TOC practices and present some of the fundamental principles upon which Nu-Business is founded. The presentation will be illustrated by showing how a craft distillery can be successfully started on about $20,000 in investment funds instead of $1 million.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
Instructor(s)
John Koehler
Ms Alka Wadhwa
Alka Wadhwa is an experienced consultant and process improvement expert with over 24 years of expertise in the Theory of Constraints (TOC), Lean Six Sigma, and organizational performance optimization. She has successfully led projects in healthcare, financial services, and manufacturing, driving significant improvements such as a 67% boost in hospital operations and a 140% increase in outpatient visits.
Previously, Alka Wadhwa spent 17+ years at GE Global Research Center, where she led initiatives to enhance various GE businesses through advanced technologies, process redesign, and system optimization. Founder of Better Solutions Consulting, LLC, she specializes in using TOC, Six Sigma, and data analytics to streamline operations and build high-performance teams.
Her work has earned her multiple accolades, including the Empire State Award of Excellence in healthcare.
Dr Gary Wadhwa
Dr. Gary Wadhwa is a Board Certified Oral & Maxillofacial Surgeon with extensive experience in the field. He completed his Oral & Maxillofacial Surgery training at Montefiore Hospital, Albert Einstein College of Medicine in Bronx, NY, and has served as an Attending at prestigious institutions like St. Peters Hospitals, Ellis Hospital, and Beth Israel Hospital in NY. With a career spanning over two decades, he was the former CEO and President of a group specialty practice in NY from 1994 to 2015. Dr. Wadhwa holds an MBA from UT at Knoxville, TN, and has undergone additional training in System Dynamics at MIT, Health System Management at Harvard Business School, and Entrepreneurship and healthcare innovations at Columbia Business School. Committed to expanding access to Oral & Maxillofacial Surgery care, he is currently engaged in a meaningful project to provide healthcare services to underserved populations in inner city and rural areas through non-profit Community Health Centers.