Have A Vision – Inspiring and, in the future, a path to get there.
- A clear and concise common goal and core purpose are communicated to and understood by all the stakeholders (owners, management, employees, customers, and suppliers).
This answers the question, “Why are we in business?”
People only follow leaders when they resonate with their values.
- A culture based on core values meets the needs of the company’s owners, employees, customers and suppliers.
This definition of culture answers the question, “How will we conduct ourselves as we do business?”
Fail to plan – then you plan to fail. Have a Unique Value Proposition?
- A clear set of business strategies that meet operational capabilities, coupled with a defined and marketable uniqueness that differentiates the company from its competition, thereby answering the question,
“Why should our customers buy from us?”
You cannot manage what you do not measure.
- Financial ownership of the business that is in equal focus to marketing and operations management with measurable performance indicators provides the platform to make informed decisions to create reserves ownership capital for wealth creation accumulated from a healthy stream of profits.
This answers the question, “How is our business performing?”
A team is simply a reflection of its leader.
- The ability to attract and grow top-performing people to accomplish the common goal and core purpose… great leaders do not build great businesses; great leaders build great people who build great businesses.
This answers the question, “How is my leadership?”
Constant and Never-Ending Improvement
- Dedication to the principle embodied by the Japanese word Kaizen (never-ending improvement) means that even when things are going very well, successful companies strive almost obsessively to improve their systems, people, product or service.
This answers the question, “When and what do we need to Innovate?”
Saving Your Self Time Energy Money & Stress (SYSTEMS) / 80:20 Rule
- Focusing on things that the company does well and recognising that doing some things well does not mean that the company does everything well. Systemize the routine and humanize the exception… In other words, systems run your business, your people run your systems, and you lead your people toward your common goal.
This answers the question, “How will I get my business to run without me?”
Next…