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Better Business, Better Life – Issue 63
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As we head into another week, I take great pleasure in sharing my curated articles, tips & tools in a short read that will hopefully give you a few ‘aha’ moments as well as some laughter or joy. Most of all I hope it gives you pragmatic inspiration & helps you on your journey to doing what you love, with people you love, making a huge difference, being compensated appropriately with time to pursue other passions – #TheEOSLife.
Here’s this week’s business tip, life hack & find of the week… Some of them are original, most are things I have come across in my weekly pursuit of self-improvement & living a better life, through creating a better business. And don’t forget the inspirational quote, which you can download as a wallpaper or lock screen for your phone.
As always, if you find great things that you’d like to share then feel free to email me for inclusion in one of my weekly newsletters. I’m always looking for new & exciting things to share each week. And if you think someone else would like to receive the newsletter in their inbox, directly from my inbox (no newsletter apps used here!) then please let me know – firstname.lastname@example.org
How do you revitalise a stagnant business?
Vincent Tricarico is a member of Forbes Business Development Council and EVP for Twinlab Consolidated Corporation & NutraScience Labs.
In this Forbes article, Vincent describes his journey with EOS. In 2012 he stepped in as COO of Nutricap Labs – a company that was struggling with low morale & stagnant performance.
As the implementer at his previous company, his step was to identify who could & should participate in the EOS process.
With his experience, he led the team through the process of creating a vision, utilising key data & implementing processes to establish a stronger foundation for the company to operate.
It created a united, healthy team where accountabilities were clear & everyone had laser-sharp focus – Vincent firmly believes that EOS saved the company. To this day, Nutricap Labs uses & thrives on this system.
In the article he covers:
- What is EOS?
- How does EOS promote compartmentalisation and focus?
- How do we define our core values?
- Want to get unstuck?
He also delves into how the defined company core values along with EOS assessment tools enabled them to notice & promote talent from within the organisation.
An entry-level sales administrative assistant named Dana Roveto had joined the company nearly 10 years ago & they quickly realised Dana brought several skills essential to the business.
She was quickly promoted through the ranks of the organisation, eventually becoming the Vice President of Operations. EOS tools like the People Analyser & GWC helped the leadership team see Dana’s potential so she could be mobilised to the right seat.
“[EOS] gave our organization a real grasp of the most important things we needed to focus on: Everything else would simply have to wait.”
Read the article to find out how he used EOS to transform & revitalise a stagnant business:
Make your mark – calling all businesses & golfers!
Mark your calendars for 20th October – Life Education Trust is celebrating their 20th Anniversary with a Golf Day at the stunningly designed Titirangi Golf Course. Support our work by sponsoring a hole, donating some prizes or entering to play!
BBQ & refreshments are provided on the course, along with a post round dinner & a presentation in the clubroom.
Sponsor a hole!
Make your mark at Life Education Trust’s second annual golf day & support children’s education!
Sponsor one of the remaining 16 holes for $2000+gst.
Sponsors will receive:
- Named hole rights which will be displayed on:
- all scorecards
- marketing & promotions in the lead up to the event
- Signage spots around the tee box & greens to put up company signage
- Complimentary entrance for a team of 4, valued at $1000+gst
If you’d like to support Life Education Trust without sponsoring a hole, please consider donating a prize!
For example, Golf NZ has kindly donated a prize pack to give away and the KFC team are back again this year, with awesome little giveaways on their hole as well. We’d greatly appreciate any support you’re able to give!
All funds raised are used to continue children education programmes 😊
Enter to play!
Do you love golf – or love to win prizes? Sign up as a team of 4 for $1000 or as an individual for $250.
Every player goes into the draw to win an Air NZ Luxury Mystery Break for two, for 2 nights – valued at over $1700! Plus you get a shot at a whole bunch of other awesome prizes – all while having fun, enjoying a BBQ & supporting a great cause.
Get in touch with me if you’re interested in hole sponsorship, donating a prize or entering to play!
FIND OF THE WEEK
Are your core processes followed by all?
Process! is the latest EOS book that is all about – you guessed it – processes!
Written by Mike Paton (who succeeded Gino as Visionary of EOS Worldwide) & Lisa Gonzalez (EOS Implementer), the book delves into the EOS method to strengthen a company’s process component.
It aims to help leaders at all types of companies to run better businesses & live better lives.
Business owners are driven by passion – they are fast-paced & innovative. In EOS terms, they’re usually Visionaries, not very strong or interested in the detail, rigidity & routine.
And as the book says, ‘many leaders mistakenly believe instilling rigor and discipline for process throughout your organizations will inhibit freedom.’
But without these processes, you’re constantly putting out fires & cleaning up messes. You just can’t seem to get thinking ON the business because you’re so stuck in the day to day.
The 80/20 approach, also known as the Pareto principle, states that 20% of what you do will account for 80% of the outcomes. In this case, 20% of your company’s processes – the core processes, drives 80% of your results.
Process! will help you identify a handful of core processes. It’ll also dive into documenting & simplifying the major steps in those processes so they can be done the right & best way, every single time.
Getting core processes “followed by all” will help business owners to:
• Get consistently exceptional results
• Improve and innovate as necessary
• Free yourself to live your ideal life
The book promises you will be able to execute a simple, step-by-step plan that’s helping more than 10,000 entrepreneurs around the world consistently get the results they want.
At the moment it’s on pre-order & I can’t wait to get stuck into it when it finally comes out in September!
And it’s part of the EOS Traction Library:
“Growth is the essence of life. Therefore, we could say that stagnation, being the opposite, is the harbinger of death.” – Sebastien Richard
You can download this wallpaper or lock screen for your phone.
If you’d like to learn more about any of these tools or would like to find out how I can help you achieve a better life through creating a better business, then book a free Discovery Call with me.
We’ll talk about what you want to get from your business & your life & come up with a plan to do that!
Certified EOS Implementer | Accredited Family Business Advisor | Entrepreneurial Leadership & Business Coach | Speaker & Workshop Facilitator