After completing the 3-Step Process Documenter™, and before the Core Process can be Followed By All (FBA), it's a best practice to do a review of the processes as a leadership team.
It is always a challenge to keep individuals and organizations focused, but that’s what great leaders do. Distractions abound, but great leaders have an internal compass that keeps them from drifting off course. Two things set your bearings – your why and your what. For companies implementing the Entrepreneurial Operating System®, those two things combine to form your Core Focus™. Once you define your Core Focus, you’ll be less likely to be distracted by “shiny stuff.”
The video below offers brilliant words of wisdom attributed to Warren Buffett as career advice to his personal airline pilot, Mike Flint. I have read this story before. This gentleman, self-described creativity expert James Taylor, offers it as advice for creatives.
I offer it as advice for business owners and leaders. It syncs really well with the precepts of EOS®, which all support the idea that Less Is More. Focus on the most important goals for your business, your department, your personal life – this quarter, this year, always.
One of my clients, a small software company in Detroit, had this a-ha moment in our recent quarterly session. “With great power comes great responsibility. We have great power (talent on our team), and we’re not being responsible because we aren’t focusing it effectively.”
Fortunately, they have great people on their team that fit into their culture and are extremely talented. Unfortunately, several team members are bringing in too many new ideas and opportunities for the team feasibly to pursue.
Business owners know that providing an excellent product with excellent service at excellent prices typically leads to strong growth and profitability. But did you know there is another more subtle — possibly more powerful — factor that can pave the path to better profits? It’s your mission statement.