Grandma Ica Shares Her Values When I was sixteen, and our parents become more prosperous, they decided to build a house for our family. My mothers’ parents sold their apartment and moved in with us. There was plenty of room and since they had great personalities, the cohabitation worked surprisingly well. It was a great [...]

Several of my clients have complained over the years about how tricky it is to hold their direct reports accountable. Impatient CEOs try to fix perceived problems or lack of information by going direct to employees reporting to others. We call these actions end-runs and they have the potential to derail your company. When you […]

Following last week’s blog  on “Fixing Your Financials“, Selling Your Strategy is the second of five grooming strategies.  You should execute as many of these as you can when preparing your Buyable Business for an equity harvesting transaction. Selling Your Strategy is made up of seven tactics, the four of which are the subject of […]

In my upcoming book, that I will reveal soon, there is a chapter about grooming a business for sale including 5 strategies. The first of these I call: Fixing Your Financials.  Here are the four areas to focus on to cover this strategy. Provide Three Years of Financials The financial statements are the first and […]

Here is a real-life story about what grooming your business looks like. János Gréczi is the quintessential self-made entrepreneur. He started importing apparel and nonalcoholic beverages after the fall of the Iron Curtain, and over time he developed the latter concern into a full-fledged beverage distribution business. Later he invested in production equipment using government […]

I believe there are three ways to grow a company. Each is valid and a fit for a different type of entrepreneur. Each has the potential to make a business buyable. Let’s look at each approach in turn. Build Your Business by Buying a Franchise The first approach is the “franchise prototype way,” advocated by […]

As you may have guessed a “Buyable business” is a company that others find valuable and would want to buy. Doesn’t that seem redundant? Why should anyone want to build an “unbuyable’ business? Why would they want a business that does not come across as valuable and desirable to others? Who would want to own […]

In the past 10 days, three of my Entrepreneurial Operating System (EOS) clients arrived at exactly the same conclusion: “Don’t let Covid be our excuse”. This is remarkable and obvious for different reasons.   Let me explain.   Let PPP be our bonus It is remarkable to see the resilience of American companies in this […]

I recently met with a construction company committed to using the “OKR” (Objectives and Key Results) approach. This reminded me, that the Entrepreneurial Operating System (EOS) uses a modified version of OKRs, called Rocks. In my experience Rocks work better than OKRs, most of the time.  The reason is, that EOS wraps Rocks into a […]

“Can you find me the EOS of software development?” – asked Nick Beavers, the owner of a prospering software company. “I have been looking for a simple self-sustaining system for writing code and was wondering if there was one out there.” — he explained. I pinged my EOS Implementer friends on Slack, but Agile was […]

A headhunter approached me today for a C-Level position at a large advertising agency. I have been self-employed for the last 19 years and have doubts whether I would even be capable of working at a large organization, but my curiosity got the better of me and I clicked to learn more.   They had […]

You have been and will be reading a lot about the importance of processes, including mindless process, in this newsletter. I am a fervent believer in them as they can help create scalable, manageable and fun businesses, where people at all levels execute efficiently, without hesitation, delivering quality performance. Isadore Sharp, founder of Four Seasons, […]

At a recent visit to my ophthalmologist, I was struck by how little time the doctor spent with me and nevertheless how satisfied I was with the visit. Of the 75 minutes I lingered, five were spent with the receptionist, and an hour with two medical associates. One of them conducted measurements and gave me […]

Time management has long been my obsession. It’s really a euphemism for self-management and the end-all and be-all of productivity. (The Entrepreneurial Operating System [EOS] is, at its essence, a self-management program for companies.) One major time management tactic is time blocking. Recently, I was reminded of this when reading Gary Keller’s “everywhere bestseller”, titled […]

I have come across multiple businesses lately where a “Visionary” decided to descend from the strategic heights to retrieve the reins of the business from their number two “Integrator” whom they had earlier appointed to run the show.

Welcome back to the Management Blueprint, including: (1) Why is the Survival Habit bad for you and how to shake it; (2) How to engineer the sales you want; (3) What happens when a Visionary retakes the Integrator seat; (4) My favorite Time Management tactic; and (5) The business lessons of the decade from 8 […]

Welcome to the January edition of the Management Blueprint, including: (1) tips about leveraging your time, (2) how to supercharge your sales organization; (3) a rant about how NOT to systemize your business; and (4) six local entrepreneurs sharing their favorite business books. Be sure to read this issue and start the ’20s with the […]

Welcome to the December edition of the Management Blueprint. Read about the originator of the principle management ideas of our times; what it means to run your business on multiple operating systems; and what a handful of entrepreneurs think about the skillset you need in the 20’s.   http://bit.ly/MBP_03  

Dear Reader, Welcome to the November edition of the Management Blueprint newsletter, with the following articles: The CEO is the Rising Tide Individual Rocks: To Share or Not to Share Management Blueprints and Why Use One Entrepreneurs’ Corner Feel free to download your latest Management Blueprint here.  

Dear Reader, You are holding in your hand the inaugural edition of Management Blueprint, a newsletter written by and for the business owner and leader. Management Blueprints, such as the Entrepreneurial Operating System® (EOS®), are social systems, that allow small and medium size privately owned businesses to succeed. This newsletter is the medium through which […]

Working on my new Vistage presentation about Management Blueprints, helped me crystallize what makes the Entrepreneurial Operating System (EOS) special. EOS is a combination of management practices that have emerged in the last 100 years, starting with Frederick Winslow Taylors’s Scientific Management (1911), through Peter Drucker’s writings and Jim Collins’ research. I identified 9 authors […]

Shared a bagel with Jamie Ledwith, a great business banker with Village Bank in Richmond, this morning and he helped me understand another angle how an EOS Implementer helps business leaders. And it comes back to why we are social animals and how it helps us survive and evolve. According to healthresearchfunding.org, married men live […]

How to Downsize your EOS Leadership Group, without disappointing leavers? I often get this question from clients who start EOS with a large leadership group of over 5-7 people. There are multiple reasons for starting with a big team. Some CEOs want to use EOS to engage middle management in the vision building process. Sometimes […]

The idea of the Level 10 Meeting is that we all take responsibility to make it a highly useful time investment. We rate the meetings to confirm that people find it valuable and if they don’t (ratings lower than 8) we process the issue and find out what is causing frustration / can be improved. Let the process do the heavy lifting for you, and via the rating process, force people to be forthright about their assessments of the meeting and to have to deal with the issues in the open, rather than in the corridors.

I answered a question on Quora this week: How do we get employees to recognize that there is just one team? When employees feel disconnected from the purpose of the company than they will look to fulfill their belonging needs at their department’s level, or even outside the company. Conversely, for the employees to feel […]

If you are, or ever wanted to build a business, the art of delegation is a critical skill to learn. But is this really true? – you ask. Can one not build a fully automated business with technology, that needs no people to employ? Possibly.  But I would challenge you to show me a business […]

I recently hired a lawn care company to remove a few bushes and a tree trunk and build drainage in my back yard. The contractor is a friend, a great guy whom I have know for a couple of years and he ended up doing a great job at a reasonable price. However, during the […]

One of the superpowers of the Entrepreneurial Operating System (EOS) is making the distinction between the roles of the “Integrator” and those of the “Visionary”. Who is the Integrator The Integrator is the person who runs the business. He or she makes sure all executives work together as harmoniously as possible, keeps leaders on task […]

One of my clients implementing the Entrepreneurial Operating System (EOS) asked me today how he should handle his overwhelming to do list. No doubt, this is an affliction impacting most if not all of us. We have more things than we can ever hope to accomplish and every successful action begets more tasks that we […]

If you are a boss, you know that holding people accountable can be a bear. You probably recall many occasions where you have delegated a task to someone, who promised to do it, but something came up and they ended up not delivering. When you followed up you got a reasonable excuse that was hard […]

Distracting Ideas Unfocus CEOS In this late hour video, I talk about the Shiny Objects Syndrome that affects CEOs and business owners, who are addicted to exciting ideas and are willing to sacrifice growth and profitability for the thrill of chasing them. Shiny Objects are ideas and opportunities that excite the business owners and distract […]

One of my EOS clients asked about involving teams below the executive level in rock setting, instead of assigning rocks top down. His team had apparently asked for the opportunity to pick their own rocks, but he felt apprehensive about letting go of that process, besides not seeing a distinction between the top down delegating […]

Mergers are about integration. They are not about finding the partner company, nor affecting the transaction, however complicated either of these may be.  Most mergers fail due to a lack of integration after the merger.  The two companies hold on to their own identities far too long and miss the opportunity to create a future […]

Welcome the Tension of Having a Constraint in Your Business. When there is no clear constraint, you have nothing to focus your efforts on. Your energy gets diffused and you lack the tension to push back against. Think about the great tennis rivalry of Federer and Nadal.  If it wasn’t for the tension they faced […]

There Are 3 Types of Decisions You Can Make. The best decision is a GOOD decision.  This happens when you make a decision that turns out to take your organization in a good direction, as born out by subsequent events and information. The second best decision you can make is a BAD decision.  A bad […]

Cooperation: The Final Block The final block in the lowest rung of John Wooden’s Pyramid of Success is Cooperation. Listening, evaluating, embracing van be a tough job for the string-willed leader, but it is the only way to leverage the collective brainpower and commitment of your group. Cooperation is the only difference between the Leader […]

Pat Lencioni speaks in his latest book, The Advantage, at length about why companies, if they want to succeed, having to be Smart and Healthy at the same time. He defines Smart as being an expert in your business. Understanding your market, how to serve it and being intimately familiar with your costumers, products, services […]

New Vlog Series on Leadership Philosophy Check out my new vlog series on LinkedIn about UCLA Bruins 10-times champion coach, John Wooden’s leadership philosophy, including his Pyramid of Success. Today’s first episode is about Limestone #01 in the pyramid, which is called Hard Work (Industriousness). Stay tuned for upcoming vlog episodes about the other limestones […]

Central Virginia is full of custom license plates. It seems to be a local fad to come up with weird plates, often a riddle which help drivers forget the frustration of a slow traffic light. Some license plates are questionably sensible, however, like the one on the picture: “Carpe PM”. — I guess it wants […]

I recently received an email from one of my EOS Implementation clients, which read as follows: “I understand that Rocks are defined as not urgent but important projects, they need to be SMART and achievable in 60-90 days. What I don’t fully grasp is how rocks relate to company objectives, which I feel like will […]

Greed and Fear are the two of the strongest human motivators, including for us entrepreneurs. When your business is on a roll, it will wet your appetite for more growth and success. 2007 was the best year for my investment banking business, and as we moved into 2008 with a full pipeline, I decided to […]

Self-implementing EOS® is one of the options available for making your business run on the Entrepreneurial Operating System®. It is an alternative to hiring a Professional EOS Implementer and paying him or her several thousand dollars for facilitating on average 5 days of leadership meetings a year, to implement and maintain Traction® in your business. […]

Another new year has arrived giving you the chance to begin with a fresh approach and finally create the kind of year that your company deserves. For many businesses the last quarter is the busiest time, making sure all orders are delivered and client budgets are used to the maximum extent. Beyond seasonality, the last […]

If you have drive and ambition, than I would bet that you have a lot more stuff to do than time to do it. This is normal and even desirable. Nobel laureate chemist, Linus Pauling famously stated: “The way to get good ideas is to have many ideas”.  The same principle holds for business: The […]

People tell me that they don’t make New Year’s Resolutions (NYR) anymore… I am skeptical. You may not call them such, but are you telling me that you have not taken stock of 2017 over the holidays and crafted some plans for the New Year? To me, NYRs include planned revenue numbers, profits, paying off the […]

If your business is like most small and medium size companies, you have incredible upside opportunities, if you start doing several things just a little bit better. Skeptical? Let me elaborate why I believe that. Most small businesses are founded by individuals who feel passionate about a commercial idea, or the very idea of running […]

How does running a $5-million sales revenue company compares to running a $50 million company? How about a $500 million company? Does it require the same skills? The answer is kind of obvious. The complexity of the business increases with size. You need more skills to lead more people, compete with more professional peers, address […]

You are 3 months into your fiscal year and your sales are 15% behind plan.What do you do? Some companies would rationalize the lag with “having a couple of slow months”, “losing a key client”, or “the departure of a key salesperson”. These things happen all the time, so the explanations are logical. Hopefully, we can […]

Jim Collins in Good to Great describes the Flywheel Effect. Picture an enormous wheel like the London Eye, which weighs hundreds of tons and which requires a giant engine to spin. Contrast the flywheel with an airplane propeller, which kicks in suddenly and reaches maximum speed within seconds. Inexperienced entrepreneurs, as well as seasoned wishful […]

“For both” – I hear you responding internally. This is the obvious answer that most entrepreneurs would give if they were to be honest about it. Let’s be clear: We all want profit, but most of us also enjoy the feeling of importance attached to being the owner or the CEO. It is our brilliance […]

My EOS clients love Rocks. They cringe when we prioritize them, fear when they are asked to own them, may be cursing inside when they are held to doing them, but rejoice when they complete them. I define Rocks as not urgent but important projects that require more than a couple of hours of focused effort, and […]

EOS® Enthusiast, If you are intrigued about how the Entrepreneurial Operating System® works and wish to read about my insights and experiences as an EOS Implementer and Entrepreneur Coach, earmark these virtual pages and visit me often. I will regularly update you with what is happening in my world of implementing EOS and coaching business […]