Let go of the Vine - EOS
I recently read the book, Traction, by Gino Wickman. This book helps entrepreneurs implement the Entrepreneurial Operating System (EOS) to gain traction and grow their companies. Without EOS, many entrepreneurs experience a lot of these roadblocks. One of the key takeaways was in the second phase of this process called, Letting go of the Vine.
Most business owners are unable to reach the next level because they are simply not ready to let go of the vine. To let go of the vine and change, you should embrace the following fundamental beliefs:
You must establish a healthy leadership team. They should help define your corporate vision, have clear accountabilities, take initiative in their department, and fight for the great good of the company.
You will reach an inevitable ceiling. You need to choose a leadership team that has the five core leadership abilities:
- Simply – “eliminating complexity and reducing everything to the essential”
- Delegate and Elevate – “freeing and elevating yourself to do what you do best, and doing the same for every person in your organization”
- Predict – choosing the right path in the short-term (focusing on issues within 90 days) and long-term (forecasting traction on the vision over 90 days)
- Systemize – “documenting and getting everyone to follow the essential procedural steps in your company’s core processes”
- Structure – “defining and organizing the “seats” or positions in your organization to reduce complexity and increase clarity, communication, and accountability.
You can only run your business on one operating system. EOS is the operating system that will establish a bold vision, create alignment, set priories, foster a strong culture, and enable productivity.
You must be willing to take risks to grow by being:
- Open-minded: Be open to new and different ideas and perspectives.
- Growth-oriented: Be willing to grow in the face of challenges and turbulence.
- Vulnerable: Be open and honest with your people by lowering your barriers.