EOS® – the Entrepreneurial Operating System®, is based on the book, Traction, by Gino Wickman and brought to life in the parable book, Get a Grip by Gino Wickman and Mike Paton. If you are a small or medium-sized business owner familiar with these books, then you may have wondered how it can help you get what you want from your business. EOS® has been around for over 16 years with more than 80,000 companies operating on the system. As an EOS Implementer®, I have business owners, CEOs, and executive leaders frequently ask if EOS® is right for them. The answer is simple: when implemented with purity and discipline, the results are real. In this article, the discussion is focused on the impact of the Entrepreneurial Operating System (EOS®) on your business: What it is, how implementation works, impact on team effectiveness, and why implementing EOS® in your business is the catalyst that breaks through ceilings.
We are all living through a global pandemic the likes of which we have not seen in 100 years – meaning few (if any) people living today have any memory of what the last pandemic was like. That said, our reactions to crises vary widely be they economic (recession, depression, etc.) or a health crisis like this one that has created severe economic pain.
The key reason CEOs, Business Owners, and Executive Leaders hire me, whether as their Executive Business Coach or as their EOS Implementer® is because they seek to change. They understand that what got them this far can only get them THIS FAR. A new outcome will require a new way. Yet, we all know how difficult change is: over 80% of New Year’s resolutions are abandoned within a week. As the saying goes, if change were easy, we’d all be wealthy, fit, and happy. Why is it that we may know exactly what we want from ourselves or our business, but we cannot seem to get our new habits to take root and remain consistent? Even when we know this new behavior would benefit us greatly, why isn’t the change easy in that circumstance?
Business coaching appeals to the highly motivated. Just like high level athletes (and those aspiring to be high level athletes) hire accomplished coaches in their athletic disciplines, so do business owners who want their businesses to succeed and to get an edge over their competition. So what is business coaching? Business coaching offers personalized support, guidance, and mentorship for leaders in small business. Improving leadership skills and productivity of the entire leadership team creates benefits throughout the organization as those skills permeate throughout. Investing in your team members, and thus your business, through a business coaching program tailored to your needs yields tremendous return. Here are the 5 ways business coaching programs enhance productivity.
Strong and effective leaders within a company are what make or break the success of a business. Developing strong leadership skills within the workplace requires more than just an annual or quarterly performance review of employees, thus many businesses struggle to keep their best employees engaged or help them reach their full potential.
The global pandemic of SARS-CoV2, a novel Coronavirus causing the CoViD-19 disease, continues to storm the United States as various companies respond with innovation as well as rigid denial. Some CEOs like Waye Peacock at USAA, plan with the same philosophy of the United States Military: there are no Black Swans, only effective planning, enabling them to move 34,000 to a work-at-home status in 9 days. Others were forced to do the right thing after initially balking over their own failure to plan, being called out in the media, and then having to course correct. The difference? Wayne, and leaders like him, focus on mission as opposed to method.
::Executive business coaching has become highly popular for one reason – it works. CEOs, small business owners, managers, and other executive leaders within companies have seen the benefits of working with an executive business coach. Improved efficiency, effective communication, increased self-awareness, better leadership, and a significant return on investment is why the business coaching industry has skyrocketed over the past few years.
Coaches – we all need them in our lives. Small business owners, aspiring entrepreneurs, managers, and other high-ranking individuals in leadership positions within a business are no exception. You might be thinking, why do I need a coach? Look how far I have made it on my own! To be a business owner or high level executive you have to be a driven and self motivated person to begin with. You have had success in your career without a coach thus far and you might be thinking coaches are only for people with “problems” in their leadership or interpersonal skills. Maybe you think an executive business coach is expensive and worry about whether it is a worthwhile investment of your time and money.
The first time I shared the following, in its entirety, was from a stage at a leadership conference during my time as a corporate executive. Attendees included various levels of leadership: peers, two reporting-levels higher, and two reporting-levels below. Some close friends knew bits and pieces of this story, but not the details, context, and outcome. Here was how I told the most formative experience of my life.
In an ever increasing tight labor market resulting in a continual fight for talent, the cost of this “zombie” mentality could be significant if leaders are unwilling to end the dissemination of others thoughts and instead chew on solving three specific barriers to leadership success.