JUNE 2020

Business Tips:

TRACTION (EOS – Entrepreneurial Operating System)

Our management is implementing a new system called “Traction”. It will provide direction over the next year through a wonderful system. We look forward to sharing it with you here. We hope you will take the journey with us.

~ Roles & Accountability~

When you are reading through the Traction book. You map out your entire organization using the Accountability Chart structure. Illustrate all of the functions in your organization and which function they report to, and then list the five major roles of that function. When you’re finished, the Accountability Chart should look like an organizational chart, with five bullets that illustrate the major roles of each function. Important note: The Accountability Chart will clarify function, role, and reporting structure, but it will not define communication structure. Your communication should flow freely across all lines and departments where necessary, creating an open and honest culture. With each position’s accountability clear and communication crossing all departments, you will avoid cross-departmental issues. The Accountability Chart should in no way create silos or divisions.

This process has been an amazing upgrade to a normal hierarchy chart. Taking that to the meeting pulse, people analyzer, GWC (Get it, Want it, and Capacity to do it) and have been revelations to us in continuing to grow our business’.

Wickman, Gino. Traction  BenBella Books, Inc.. Kindle Edition.

Personal Tips:

~Challenge Your Perspective~

"I have a daily habit of being intentional about connecting with a diverse array of people and listening to them. There are many frames of reference, conflicting opinions and different angles to every issue. It's critical to seek out additional ways of thinking and find people who challenge your perspectives. This allows you to refine and expand your own perspectives of both your business and the world around you."

--Peter Brussard, VP of product for Bridge by Instructure, which provides learning platforms used by more than 30 million people

Tools & Tech I am using:

How to Read

              There is a a great book called: Turn The Page: How to Read Like a Top Leader by Chris Brady (you can find it on Amazon). I have used it for years. He outlines how reading is action, you should read the greats, and that leaders are readers. Each part have some great tips. Writing in books, start with a question, begin with a plan, argue with the author and yourself, and read several books at once. Grab a copy of this book – you won’t regret it.

Life Skills:

~Personal Finances in order~

Delayed gratification is necessary.  Nobody soaked in debt will ever be able to generate the focus to deliver impact in the important areas of their life.

The test that has the most correlation with success in life is a simple test devised by psychologists.  They bring a child into a room and sit them down.  The child is presented with a sweet.  The adult then says that they need to leave the room.  The child is most welcome to eat the sweet, but if it is still there when the adult returns, the child will receive 2 sweets.  50% of children cannot resist temptation and eat the one sweet, losing the opportunity to double their outcomes.  The children that don’t eat the sweet do not sit there staring at it – they have learned to avoid looking at the temptation, they have learned strategies to manage themselves.

Accumulate education => Accumulate capital => Generate income => Grow expenses inside the limit of passive income.  Freedom = passive income > expenses.  Slave = 90% income as salary.  Keep expenses low, generate assets.

 Notable quotes: They are italicized above.

Lamentations 3:21-23

21 Yet this I call to mind and therefore I have hope: 22 Because of the LORD’s great love we are not consumed, for his compassions never fail. 23 They are new every morning; great is your faithfulness.

Psalms 103:1-5

1 Praise the LORD, my soul; all my inmost being, praise his holy name. 2 Praise the LORD, my soul, and forget not all his benefits— 3 who forgives all your sins and heals all your diseases, 4 who redeems your life from the pit and crowns you with love and compassion, 5 who satisfies your desires with good things so that your youth is renewed like the eagle’s.

2 Corinthians 5:17

Therefore, if anyone is in Christ, he is a new creation. The old has passed away; behold, the new has come.

Something I want you to know:

Find a purposeful role to play, be accountable to the team, challenge your perspective, learn to read, and make sure your personal finances are in order.