If you’re a small to mid-sized business owner you probably have a number of aspirations for your business. To build it so you can spend your time doing what you love most while the business runs consistently and predictably without you. Or it may be to watch it grow to achieve success humming along like a well-oiled machine. The dream of many small business owners was outlined in Michael Gerber’s book The E-Myth Revisited, Why Most Small Businesses Don’t Work and What To Do About It. Ultimately you want to be in a position to invest most of your time working ON the business rather than IN it.
Strategic Discipline Blog
The principle of Strategic Discipline consists of three disciplines, meetings, metrics, and priorities. These are the essential tools that John D Rockefeller used to build Standard Oil into the largest company in the world. They are still the essential disciplines that help your business communicate better and establish the fundamental principles to grow.
In Clarity Dissolves Resistance we discussed how many business owners and executives fail to understand the importance of determining a vision for their business. While small business owners [less than $1M in revenue] may be more guilty of this than mid-size business owners, it’s not hard to find this lack of vision in larger companies. The changing economy, advancing technology, competitive pressures, internal challenges all contribute to this so-called fog of war. It can dull the senses and reduce the leader’s appreciation for developing a vision. Setting priorities and communicating them to employees is critical to growth.
Last time I told you I’d reveal Netflix CEO, Reed Hastings ideas about vacations. My title has already provided that answer. At Netflix, Reed Hastings believes that tracking vacations is an artifact of the industrial age. He believes his business should be all about inspiration rather than control. So rather than caring about whether someone is at work or not, he’d prefer to focus on results and performance. What he really cares about is what the individual gets done.
Topics: Michael Gerber