Business Management Model for Entrepreneurial Companies and Leadership Teams

– So after 10,000 sessions of working with entrepreneurs and
their leadership teams, here’s what I’ve learned. I’ve learned that a
choice few are up here, getting everything they
want out of their business, and then unfortunately
there are most that aren’t. They’re frustrated, they’re stuck, they’re beating their
head against the wall. They can’t quite put their finger on why. But unfortunately that’s
just where they are. And I find it’s about 5% are
here, and about 95% are here. And so you’ve got to ask
yourself, what’s missing? What’s the gap? And I really believe
that I’ve discovered it. And here’s what it is. If you can think about your business as having six key components. Every business, big or small, any industry, has six key components. And to the degree you can strengthen those six key components, everything just has a way of falling into place. And it gets you to that top 5%. Here’s what I mean. What’s the first key component? The first key component is what we call the vision component. And in strengthening that component, it’s getting everyone in your organization 100% on the same page
with where you’re going and how you’re gonna get there. Second key component is
the people component. Simply put, we can’t do
it without great people. And your job is to surround yourself with great people top to bottom. You cannot achieve the vision without surrounding yourselves with great people. Third key component is the data component. And what this is is cutting through all the subjectives and
personalities and opinions and egos, and boiling your organization
down to a handful of numbers, so you always have a
pulse on where things are. With the vision component strong, people component strong,
and data component strong, you start to create a lucid, transparent, open and honest organization,
where there’s nowhere to hide. And as a result, you’re gonna
start to smoke out the issues. Which leads to the fourth key component, which we call issues. And in strengthening this component, it’s getting great at solving problems. Setting them up, knocking them down, making them go away forever. Fifth key component is what
we call the process component. This is really the secret ingredient. This is systemizing your business, through identifying the core processes that make up your business,
and getting everyone on the same page with what they are, and getting everyone following them. So you create consistency and scalability in your organization. And then the last and final key component is what we call the traction component. And that’s bringing discipline and accountability into the organization. Taking the vision down to the
ground and making it real. Those are the six key components. And so to the degree you focus on six and only six things in your business, and strengthen those six key components, everything has a way
of falling into place, and it’ll get you in that top 5%. So there are hundreds
of ways to strengthen the six key components of your business. There are thousands of books. I promise you, you can
absolutely do it yourself. And if you do it, you
will be in that top 5%. But if you want the
benefit of my obsession, and 20 years of working with leaders, 1,100 full-day sessions, over 10,000 hours of honing and refining and
perfecting the best two tools to strengthen each of
the six key components, I ask you to let us help you. Our passion, our sole
existence, is helping people get what they want from their businesses. To learn more and download
free tools, visit our website.

Written by Raul Dinwiddie

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