Topic: Business Owner
Advice and Insight for Entrepreneurs and Leadership Teams
I recently shared a 90-Minute overview of the Entrepreneurial Operating System® (EOS®) with a leadership team that was deciding whether to work with me to implement EOS in their company. The team shared that they were frustrated with their current situation.…
A couple of weeks ago, I had a morning appointment with a business owner and an afternoon appointment with an executive (from a different company).
The two meetings couldn’t have been more different.
Harry Beckwith says, “people don’t lead, purposes do.”
Recently, I worked with a client who became a firm believer in this statement. He is the son who inherited a successful 20-year-old family business and is now struggling to pay the bills. He has been drifting away from the company’s core business and has become distracted.
During a conversation we were having, I asked, “Why do you do what you do?”
“I do it for the money!” he replied.
How can it be true that the more I work in my business, the less it’s worth?
I first heard this comment from a fellow EOS Implementer™, Kevin Armstrong, who hails from Vancouver. He explained that the notion came to him when he was working with a small business owner who wanted to sell his business.
To the business owner’s dismay, a valuation expert told him that because he had always controlled everything and had not developed a strong leadership team, the valuation he desired was dependent on him staying in the business. He was stuck!