Running your own business is incredibly rewarding – but it's also incredibly difficult. You may be able to make your own decisions and set your own hours, but you also have a lot more decisions to make and a lot more work to complete within those hours. It's nearly impossible for any business owner to make it without a little help. That's why many business owners turn to business coaches for guidance – especially in the early days.
Like any other business, you need a plan, and it needs to be a good one if you want to thrive in this economy. The Entrepreneurial Operating System® (EOS) is a comprehensive method that helps you grow your business. But how?
Goal Setting and Vision
You probably have a vision for your business, but have you clearly defined it? What about the other business leaders? Are you sure that you're all on the same page?
EOS helps install a cohesive vision for all the major stakeholders in your business. Once that's complete, you can set your goals, then communicate those to your team. Afterwards, you can all focus on what matters most, knowing that you have the same vision and clear objectives.
Your company's clear vision will:
- Clearly define what your business is and what its goals are.This is absolutely crucial if you want to be successful. Everyone needs to know the plan, from management to your receptionist. That's the only way to ensure you're working together.
- Show where you're going with your business at any given moment.Your vision may change slightly as your business expands and grows, but you should always know where you're going. Otherwise, how will you know when you've hit your goal?
- Help you decide how you're going to get there.It's not enough to know where you're going; you also need a plan for getting there. With EOS, you'll have every step of the journey laid out so the future is clear.
Learning to Grow Your Business
The goal of any business is to generate profit, and you can only do that if you grow. Obviously, your main objective should be to focus on growth. But did you know that there's a right way to grow and a wrong way to grow? Believe it or not, you can grow too quickly if you don't have a plan. It's one of the top reasons that businesses fail. In fact, most of the top reasons for failure have to do with poor planning. The experts agree that proper business planning is essential for success. It's not enough to make it out of the startup stage and become financially viable; you must learn to grow beyond this point, taking the growth and using it to boost your profits.
EOS Helps You Grow the Right Way
EOS can help you grow the right way. It's not a basic business plan that stays stuffed in your office drawer gathering dust. It's a methodology that helps you stay structured, on target and ready for any challenges (or growth) that comes your way.
The EOS Model focuses on Six Key Components for your business. These include:
Your vision is where you want to be. It's been said before, but here it is again because it's so important: Everyone in your organization should know your vision and share it, or they should find another one that that better suits them.
Your people includes everyone who makes your company great: your leaders, your employees. Getting the right people in the right seats is critical to your success. Got to have both. Right people share your core values, right people GWC™ or Get it. Want it. And have the Capacity to do it well.
Your data helps you know how close you are to achieving your goals. It's not made up of personal feelings or abstract concepts. Data is objective and strong, and it never lies. With great data, you'll always know where you stand.
Every company has its own set of problems. Your issues are your problems, but this component also includes a plan for dealing with those problems when they arise.
Your process is the way your business operates, which should be fluid and systemized. Everyone should know these processes and follow them so your business stays consistent.
Your traction is your self-discipline and drive to execute your plan. It's the driving force that will make everything else come together. Your ability to execute is what makes you a great company.
Implement Effective Leadership Strategies
Perhaps most important of all, EOS helps you implement effective leadership strategies. Your company is only as good as its leadership, which means you must show the way for everyone else. With EOS, you'll learn how to be a great leader and how to effectively manage your team, showing them the path to success.
Why Wait to Get Started?
You already know that you need a plan, and EOS is the best way to get your business started with the best foot forward. If you're ready to grow your business, what are you waiting for? You can get started today. Just contact Chris Hallberg to get started. You can use the contact form on our website or call 1.800.877.0968 to get in touch. With EOS, your company will be ready for anything, including the success that's headed your way.
The Entrepreneurial Operating System (EOS) was created by Gino Wickman (Author of Traction-get a grip on your business) and is a registered trademark of EOS Worldwide. Chris Hallberg of Traction Inc. is a Certified EOS Implementer(tm) that helps business owners and their leadership teams get more of what they want from their business.