Topic: Traction

Advice and Insight for Entrepreneurs and Leadership Teams

Applying Traction to Small Consulting Business

I read Traction in April 2010 and started applying it to my consulting business. We are an information technology consulting firm, with 10 consultants (including me) working on around 5 projects at any given time. Applying the EOS has brought about a big change in the way I approach my business. Our situation is typical of other consulting firms: 99% of the energy in the firm is spent on serving our clients, so not much attention is paid to “working on the business.”

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Small Business Management System and Model

Managing a small business can sometimes seem like an insurmountable task, especially when you’re operating with an incomplete small business management model and limited resources. At EOS Worldwide, we believe that a small business management model is only as good as the small business management system that backs it up. Without the system, the model is just a static picture of what you hope your business will be.

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Get your business some true Traction

Traction, is a fantastic resource for business owners (one person businesses and up) who want to understand the PROCESS side of their business. The tag line for the book is “get a grip on your business”, which is exactly what this book is written to help you do. Guiding you through a process to think through the stages of HOW a business works and apply that to your own business. Like many business books, you are thinking about the parts of your business: vision, marketing, plans, obstacles, etc. But the difference in this book, is thinking about these concepts from a SYSTEMS approach. This is invaluable and the glue that binds many concepts together. Many business owners have many of the ingredients of their business (vision, mission, goals, etc.) but struggle to know how to implement all the elements in a system that is sustainable. The traction concepts help to put it all together in a process that supports the owner to stay focused, clear and positioned to move forward.

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Without traction, no individual or organization accomplishes anything

As I began to read this book, I was reminded of a book co-authored by Chip and Dan Heath in which they explain why a few ideas “stick” but most don’t. It can also be said about business initiatives in that some have “traction” but most don’t. That is Gino Wickman’s core thesis. As he explains, most entrepreneurs experience one or (probably) more of five common frustrations: lack of control, underperforming workers, insufficient (if any) profits, limited growth potential, and dysfunctional operations. In a phrase, they can’t “get a grip” on their business. What they need is what Wickman characterizes as a “holistic, self-sustaining system that addresses the six aspects of a business”: Vision, People, Data, Issues, Process, and Traction. What he offers is the Entrepreneurial Operating System (EOS) that, if “mastered” (i.e. installed and then maintained properly), will enable business leaders to integrate the six components of their business “into a powerful framework that will help [them] gain traction and realize the vision [they’ve] always had for [their] company.”

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