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BY Mike Kotsis

Top Profit-Eaters of Family-Owned Businesses in 2018

December 20, 2017

As we turn the final corner of 2017, many family-owned businesses are preparing to become more profitable in 2018. When I took the helm of our third-generation family business several years ago, I was eager to boost our profitability. But what I found was that there are a lot of profit-eaters in a family-owned business. And they can be very difficult to get rid of without a robust and objective operating system in place.

Want to have a more profitable family-owned business in 2018? Watch out for these profit-eaters!

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Watch Out for These Challenges When Implementing EOS in Your Company

November 27, 2017

A great business runs EOS throughout the entire company – not just at the executive level. Last month, my colleague Ken DeWitt shared his tips for a successful EOS rollout. Try applying his advice to drive EOS further into your company. A complete rollout is critical to getting your operations aligned, under control, and achieving traction with EOS.

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Why Aren’t You Getting What You Want from Your Business?

November 15, 2017

Many entrepreneurs are frustrated because they aren’t getting what they want from their business. Most of them don’t understand why they’ve hit the ceiling, and they’re left spinning their wheels without gaining any traction.

Wondering why you aren’t getting what you want from your business? It comes down to one or more of the following seven business problems.

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What If Your Issues List Isn’t Working?

October 6, 2017

Some time ago, a client of mine had a ridiculously long Issues List that was getting out of control. They never seemed to be making progress on resolving their issues – in fact, their issues seemed to be exploding!

EOS® promises to help you solve your company’s issues for good. Over time, you should be seeing fewer issues and gaining new ground as an organization. But what if your Issues List isn’t working? It seems like you’re rehashing the same issues over and over again, and frankly the Issues List seems to grow rather than shrink.

You’ve got Issues List Fatigue.

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What the Heck is a Business Operating System?

September 25, 2017

Imagine you arrive at the office one Monday morning. You flip on your laptop, go get a cup of coffee, and come back to your desk – only to discover the blue screen of death. Your laptop is completely unresponsive and you can’t do a thing because your operating system (OS) has crashed.

Without an OS, your laptop can’t function. And without an operating system for your company, your organization can’t function, either. Like your computer, your business needs an operating system to organize the way the organization functions. An OS ensures smooth communication between your leadership team and all your employees.

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Structure Your Business to Run Itself

September 15, 2017

I’ve noticed a pattern recently. In meeting with several leadership teams for the first time, I always ask the questions, “What do you want from your business? What’s your big goal?” And lately I’ve heard the same answer from business owners at three different businesses: “I want a business that can run itself. I want to be on vacation for a month and have no one notice!”

But how can you build a business that runs itself when your company has hit the ceiling?

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