Chapter 1 - The Entrepreneurial Operating System (EOS) - Strengthening the Six Key Components

Five frustrations

• Lack of control, the business is controlling you
• Frustrated with people, you’re not on the same page
• Not enough profit
• No more growth, unsure of what to do next
• Nothing that you have tried is working, you’re spinning your wheels

You are not your business; in order to find success you have to turn it into a self-sustaining organism

Entrepreneurial Operating System (EOS)

Six key components

• Vision – have a compelling vision for the organization and know how to communicate it to the people around them, everyone is going in the same direction
• People – you need the right people in the right seats; figure out how to determine who shares your core values
• Data – a handful of metrics to help manage your business; it will enable you to have a pulse of your business on a weekly basis, predict future developments and quickly identify when things have fallen off track
• Issues – learn to identify and solve any issues in your business; create an open and honest culture
• Process – document everything the way you want it done in your organization
• Traction – bring focus, accountability and discipline to your organization

Try to get 80% (over time) on the checklist

31% now