Entrepreneurial companies never have enough resources to accomplish all of the goals set by its leaders. Because resources are limited, always focus on accomplishing the 20% of the goal that will help you achieve 80% of the result, while remembering that perfect is the enemy of done.
Nobody talks about the elephant in the room. It’s too uncomfortable. “It’s too embarrassing,” you think, “If I bring that subject up, then everyone will know about it.” But here’s the thing – people know about the elephant in the room, and ignoring it is causing more problems than it’s solving.
If you’re like most small to medium-sized entrepreneurial companies, you’ve probably tried to visually display how your company is structured or organized. So what’s the best way to do that – with an accountability chart or an organizational chart? What’s the difference?
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.
Any company using EOS to achieve Vision, Traction, and Healthy in their business knows that part of that journey is discovering the Core Values that define your culture and then hiring, recognizing, rewarding, celebrating, and occasionally terminating people based on whether they live your Core Values or not.
In almost all small businesses, owners have dual roles in their companies. Sometimes many more. This can be problematic. It’s like the kid who owned the basketball in a pickup game who, if they didn’t get their way, could always resort to “it’s my ball and if we don’t do it my way I am going home.”
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