The 3 zones of business culture.
1) Comfortably Uncomfortable
Things aren’t great but, not painful enough to change.
2) Overwhelm
Improving because we have to or because owner came up with 30 goals.
3) Enjoyable Growth
Long term goals broken into achievable projects.
Hack for risk averse business owners.
There’s no progress without risk.
So ask yourself.
What’s the bigger risk to my business?
Staying put or making it better?
9/10 Staying put is the biggest risk.
Everyone loses when your business is reliant on you for too long.
- YOU get fed up
- Your TEAM feel disempowered
- You don’t maximise CLIENT reach
- Your BUSINESS can’t sell
Step back and let your team step up.
There are three levers for reducing how dependent your business is on you.
- Skills
- Systems
- Support
Combining all three is where the magic happens.
Three systems to rapidly reduce owner dependency in you business:
- KPIs - systemise performance
- OKRs - systemise growth
- Values - systemise behaviour
Without these systems these things are reliant on you.
The business owner trap.
You create a business for freedom and impact.
Then you find yourself spending all of your time managing people and reacting to issues.
You’ve got no time to focus on growth.
You feel stuck in, what feels like a job.
Where’s the freedom?
80% of businesses listed for sale never sell in the UK.
The number one reason - owner dependency.
Keeping your business reliant on you is killing its value.
You can’t set goals without a vision.
You can’t prioritise tasks without goals.
You can’t do anything well without prioritised tasks.
Start from the top.
Guaranteed way to demotivate your team.
Commit to too many goals.
Humans are hardwired to enjoy doing good work.
When you overcommit quantity takes precedent over quality.
Your team gets demotivated because you’re inhibiting their ability to do good work.
Wild.
There are only 5 reasons your team aren’t doing what you want them to:
M - Lack of Motivation
A - Lack of Ability
T - Lack of Time
C - Lack of Clarity
H - Not being Held Accountable
Start from the top and work down.
Happiness is your best guidance system in business.
Feeling unhappy isn’t a sign somethings broken, but that something needs to change.
Your business should make you happy.
Your job as a leader is threefold:
- Inspire
- Support
- Hold accountable
You can’t do all three of those without systems.
Figure out which one you do best.
Systemise the others.