NOVEMBER 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.

~3 year picture~

The three-year picture is composed of measurables at the top and bullet points to create the picture. It’s simple but powerful. PAINT THE THREE-YEAR PICTURE Schedule an hour with your leadership team. Once you’re assembled, have a copy of the V/TO placed in front of each member. Begin by selecting a future date. I recommend keeping it within the end of the calendar year, thus making it easier for people to envision. Next, determine the revenue picture. Start by asking your team this question: What is the annual revenue going to be three years from now? This is always fun, because you find out if your leadership is in sync with how fast you want to grow. The next step is to agree on the profit number. This will be a similar conversation, but should be settled much more quickly. After that, you’ll want to determine your specific measurables. Measurables give everyone scope and size. Every organization has one or two very specific figures that are a telltale sign of the size of the organization. Combine these results, and after some discussion and debate, your three-year picture will typically contain 10 to 20 bullet points that describe what your organization will look like. In addition, each person on the leadership team should verbalize his or her vision for his or her individual role in the organization in that time frame. You’ll gain some interesting insights into people’s motivations and help get everyone’s expectations in line. You cannot move on and finalize your three-year picture until everyone on the leadership team sees it clearly. At this point, everyone in the room should close his or her eyes as one person reads the three-year picture out loud. The picture must be visible in each person’s mind. Each must believe in it and ultimately want it. After all, they are the team that needs to make it happen. In this session, encourage people to speak up, debate and go back and forth, but ultimately they must agree on all of the major points. You now have a three-year picture that you can take to your organization at large.

Wickman, Gino. Traction (p. 66). BenBella Books, Inc.. Kindle Edition.

Personal Tips:

~ Embrace chaos to foster creativity~

"As a successful owner of a six-year-old business, I'd like to take a slightly contrarian view on this issue. There is a popular notion that successful people have routines and are very disciplined. This is only a partial truth. In fact, I do not have any daily habits. I believe that for areas where there is a well-trodden path to success, discipline (i.e. daily routines) is very good as it means you make progress every day, and you can see yourself moving along the path to success. But for highly creative and chaotic areas, which being an entrepreneur can be, lots of structure and discipline can be damaging to our freedom and creativity. Why are there stereotypes of the chaotic, rebellious artist? Because sometimes you need chaos to be creative. This does not mean that you do not need to work hard to be successful. But you should work hard when you are inspired, not when the clock tells you to. I always try and wait for inspiration and then work extra hard, rather than sit and wait and my desk waiting for inspiration pretending to work hard."

--Pete Zaborszky, founder of ProPrivacy, a privacy advocacy group which receives nearly one million unique visitors to its website monthly

Tools & Tech I am using:

~Reminder of resolutions~

              Starting in December of 2018 and through the end of the year, I referenced for you 13 resolutions which are found in the book by Woodward, Orrin. RESOLVED: 13 Resolutions for LIFE

I highly recommend you checking it out again. https://earnvictory.blogspot.com/2018/12/december-2018.html

Purpose, character, attitude, vision, plan & do, keep score, friendship, financial intelligence, leadership, conflict resolution, systems thinking, adversity quotient, legacy

 

Life Skills:

Mentors and Advisors

·       Have a list. Find your way to ask them. 

·       Nick Luckock – “Apax doesn’t invest in first time entrepreneurs – they don’t yet know how much help they will need from others and how they can ask for it”.

·       The ideal mentor is someone who you respect, can connect with on a personal level, and who is willing to impart their knowledge. But don’t expect them to solve all your problems.

·       “A mentor’s role is to help you to make sense of your own experiences” Professor D Megginson

·       Talking to someone who’s been through a similar experience or has achieved something that you would like to achieve will be constructive.

Notable quotes: They are italicized above.

John 15:15

No longer do I call you servants, for the servant does not know what his master is doing; but I have called you friends, for all that I have heard from my Father I have made known to you.

1 Corinthians 6:19-20

Or do you not know that your body is a temple of the Holy Spirit within you, whom you have from God? You are not your own, for you were bought with a price. So glorify God in your body.

Romans 8:17

And if children, then heirs—heirs of God and fellow heirs with Christ, provided we suffer with him in order that we may also be glorified with him.

Something I want you to know:

Know the 3 year picture, embrace chaos, resolve, and find a mentor!