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Mike Kotsis

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How EOS Can Make Your Succession Planning a Success

Written by Mike Kotsis on August 6, 2018

How does a company successfully transition from one generation to the next? For many teams, just the term “succession planning” can be overwhelming. All the details of buying/selling and ownership transition are daunting, but beyond all that is one question plaguing business owners: "Even if we had all the legal details worked out, how does my business practically transition to the new ownership so that I can step away?"

Here’s the story of one team that successfully transitioned to new ownership within the EOS Process™.

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Thanks For Firing Me

Written by Mike Kotsis on May 31, 2018

On your journey to becoming your best in business, you’ll need to make some tough people decisions. Usually those decisions revolve around Right People/Right Seat issues. In the EOS Process™ we use the People Analyzer™ with GWC™ (Get It/Want It/Capacity to Do It) to identify the root cause of a team’s specific people-related issues. The most common people issues are:

  • Wrong Person/Right Seat – someone who doesn’t share the core values but is in the Right Seat.
  • Right Person/Wrong Seat a person who shares the core values but is in the Wrong Seat, i.e., they don’t get it, want it, or have the capacity to do it.

Sometimes the tough people decision is to fire an employee who doesn’t get it, want it, or have the capacity to do the job. One of my clients recently had to make that tough decision. Afterwards, the Visionary told me about the way the employee responded to being fired.

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4 Signs of a Harmoniously Integrated Team

Written by Mike Kotsis on March 15, 2018

I’ve noticed a pattern this year across several good teams that have truly become great teams. Conversely, there are other teams that just remain mediocre. Why is that? It all comes down to having a great Integrator in place who owns their role.

In any entrepreneurial organization, two essential seats are the Visionary and the Integrator™. A great Visionary is driven by creativity and passion, which fuels his or her vision for the company. A great Integrator takes that vision and makes it happen throughout the organization. Without these two leaders working side by side, your company will never see the success it’s capable of achieving.

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How to Hire for Future Growth

Written by Mike Kotsis on February 26, 2018

In the last quarterly session with a client, the team reported record financials in the last 90 days. They exceeded their revenue and profit targets, and they completed over 90 percent of their rocks. By all estimations, they had every reason to celebrate. But when it came time to grade the quarter, they gave it a C+ / B–. Surprised by the low grade, I asked them to explore this a bit. What they discovered has the potential to change their company for years.

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Get Energized About Your Company's Annual Planning Session

Written by Mike Kotsis on February 1, 2018

Did you know that the most important part of your annual planning session isn't planning? If you're like many companies, your leadership team skips the most critical component of your annual planning. And it negatively impacts your team's creativity and goal setting for the coming year.

Business leaders of entrepreneurial companies are so hard-charging, so busy, and so overwhelmed, that they tend to see only the gaps ahead of them. These are the goals, ideals, and accomplishments they haven't reached yet. When you're feeling overworked from the previous year and start looking at all the gaps you have yet to cover, it can put you into the wrong frame of mind for moving forward.

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