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Traction Inc.

25 Mar The Top 3 Ingredients to a Successful Business According to a Business Coach

Posted at 8:00:00 AM by Chris Hallberg


When starting a business, the most crucial element of your business model should be creating a core value system that will resound within your organization. Core values define where you are and where you want to go, what types of employees will be a good fit for the organization, and how these elements can work together for success, now and in the future. A core value system is an integral part of an Entrepreneurial Operating System, as it helps define the key components of your organization for management and progression.

When creating those core values, every component must be carefully assess and documented to make sure every element works together. Once you have your core values in place, understanding the top 3 ingredients to success can assist in enhancing a smooth transition for growth:

1. Passion

In business, passion equates to doing what you love no matter what the outcome. Passion is the driving force behind successful organizations, because it’s the “can-do” attitude that continues on even when things look bleak. Passion helps engage employees, partners and customers to understand and embrace your vision, shaping dreams into reality. Guy Kawasaki transformed his passion into a global business. He started at Apple, and went on to develop numerous technologies, which helped him become a noted speaker to share how his passion grew into a multimillion dollar venture and how your passion can help develop yours.

2. Independence

Independence is the second ingredient in having a successful business. A successful business provides the ability to spend your time and money as you see fit, cultivate and keep happy employees through a great work environment and pay, and provides a great quality of life. Tim Ferriss unlocked the keys of independence when he realized how he could be successful and improve his quality of life. He shares his story and tools for readers in his bestselling book, The 4-Hour Workweek.

3. Traction

Traction is the final ingredient to having a successful business. It’s about getting real, simple results. Traction helps you identify frustrations that occur throughout an organization, and helps you implement those components that simplifies your view to pinpoint the root of problems and systematically use practical tools to strengthen your organization and take it to the next level. Sasche Construction formed an informal board to get their house in order. They simplified their processes to work internally and externally for success and longevity.

Using the EOS System to help achieve your goals in a structured, organized, simple and user-friendly way can assist in leveraging your vision into tangible, successful results. For more information on how the EOS system can benefit your organization, contact the team today.

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Topics: Business Advice, EOS, Business Tools