Advice and Insight for Entrepreneurs and Leadership Teams
Are you spending too much time doing things you’re not passionate about in your business? Do you find yourself buried in nonproductive details and trapped in complex, energy-draining activities? Or, have you wondered what happened to the original energy and passion you had for the business?
When helping an entrepreneurial leadership team clarify, simplify, and achieve its Vision, we use a tool called the V/TO™ (Vision/Traction Organizer™). This EOS Foundational Tool™ contains eight questions, and our job as EOS Implementers™ is to get every member of the leadership team to agree on every word of the answers to each of those questions.
When there’s weakness in the Vision component of your organization, it’s not that there’s no Vision. Often there’s too much Vision – you don’t all agree.
“The Peter Principle” is a term coined by Laurence J. Peter in 1969 to describe the recurring phenomenon of employees being promoted to – and often beyond – their highest level of competence. While hilariously illustrated in the comic strip Dilbert, both versions of the television show The Office, and the movie Office Space – the consequences for a small, entrepreneurial company aren’t funny at all.
Lesson 1: Leadership Lessons from the Cockpit
My last article referred to the drastic difference between the 99.9 percent success rate in commercial aviation versus the 50 percent success rate for business owners. Today I’m beginning a series of short “lessons from the cockpit” posts to address the ways business owners can narrow that gap.