Problem: How to Get What You Want Out Of Your Business
The Entrepreneurial Operating System (otherwise known as EOS Worldwide) helps hundreds of thousands of people each day with their business, their team, and their professional goals. Today, certified EOS Implementor® Mike Paton shares the six key components to EOS Worldwide and how they can help your business.
That is an unnatural expectation that they’re supposed to be frustrated and feel stuck and feel like their businesses running them.
The Six Components to the EOS Worldwide
When you implement EOS in your business, you’re learning to look at your business through the lens of the EOS model.
#1: The Vision Component
It is so important to have everyone on the right page when it comes to your company’s vision. Your vision will determine everything from who you hire to what products you produce.
Get everybody in the company 100% on the same page with where you’re going and how you plan to get there.
#2: The People Component
Finding people that fit with your company isn’t just about the chemistry within the company. It is important for the people within your company to know and live the mission, vision, and values that are the foundation for your company. This enables you to feel free within your company because you shouldn’t feel tethered to your desk or your phone 24-hours a day.
Make sure you’re able to attract and retain your definition of great people.
#3: The Data Component
To help with this component, Mike and his team teach the leadership teams to implement a 5 – 15 numbers scorecard to review at their Level 10 meetings. These numbers are activities-based numbers to predict future results. The data component also helps hold people accountable to themselves so the leadership team doesn’t have to do that as well.
Running your business on facts and figures using objective information to make better, faster decisions, rather than drowning in data.
#4: The Issues Component
EOS helps zone in on the issues, which will get them solved faster and is a streamlined approach to finding issues. They do this by using the numbers scorecard during those Level 10 meetings. It is also about celebrating people who ask for help. One of the goals of EOS is to teach the entire organization (starting at the leadership team level), that it’s really healthy and valuable to change the culture, and to celebrate when somebody has the courage to speak up and say, “We’re not perfect.”
Once you’re good at vision people in data strong and those components, what happens is the whole organization becomes transparent and crystal clear. And so a bunch of issues get smoked out.
#5: The Process Component
It is important to get the processes right in order to make sure that everyone is engaged, working at their best, challenging themselves, but also running streamlined systems for repetitive processes.
That’s about getting the most important things in the business, done the right and best way every single time, even when you’re not there to coach, manage, mentor people, or what we all do way too often.
#6: The Traction Component
The traction component focuses specifically with instilling discipline and accountability throughout the organization.
No matter how compelling your vision, if you can’t bring that vision down to the ground and execute on a day-to-day with discipline and accountability, you’re not going to get anywhere and you’re going to get frustrated.
Level 10 Meetings
Level 10 meetings are formulated to be efficient, important, and streamlined. It is called a Level 10 meeting because of the rating system at the end. The meeting rating at the end is done so the meetings themselves can be made better. That’s the purpose of rating the meeting: so the leadership team to work can work together to make every meeting a level 10. You deserve that it should be the most important, efficient, and valuable part of your week.
The level 10 meeting is one of the traction tools of EOS. There are two tools or disciplines in the traction component which is about discipline and accountability.
We’ve got a root your vision in a firm foundation of discipline and accountability. Once everybody on the team knows what they’re accountable for, then when we’re having discussions about what our vision is, the person who’s accountable for executing on that vision is going to speak up, up and say, “I feel confident I can help us get there or crazy.”
Resources about EOS, which Mike recommends:
- The EOS Worldwide website has a number of tools and resources to help, and they are also beta testing software for companies
- Traction Tools is software which works directly with EOS
- Ninety.io is software which works directly with EOS
Mike’s Personal Mission Statement: Simpler is better.