You are ready to take your business to the next level, or maybe you’ve hit a plateau. A new approach to running or scaling your business to get all the gears in sync, including a more efficient and streamlined operating system, could be just what you need. Maybe you’ve heard of the widely used Entrepreneurial Operating System (EOS®), but finding the time or capacity to learn and implement it seems out of reach. Using this proven operating system for your business can certainly assist in achieving your short and long-term goals. Let’s jump into a quick overview so you can learn more about EOS® and how it can be of utmost benefit to your business.
EOS® Overview
Gino Wickman’s, Entrepreneurial Operating System (EOS®), is a powerful business system that provides entrepreneurs like you with an easier way to manage and grow your business. As explained in Traction, EOS® helps maximize potential by streamlining operations and creating alignment among leaders and team members. At its core, this operating system consists of a set of tools and processes that will help effectively implement your vision. On a larger scale, it’s designed to help create an environment where your team is focused on the same goals and working together toward success. Basically, everyone is rowing in the same direction. It’s based on 6 key components: Vision, People, Data, Issues, Process, and Traction.
Vision Component
The Vision/Traction Organizer is an EOS® tool that enables the Visionary’s ideas and plans to be communicated and clarified among your leadership team. This helps your leadership team define, document, align upon, and share the organization’s Core Values, Core Focus, Target, Marketing Strategy, 1 Year Plan, 3 Year Picture, Long Term (10 yr) Target as well as Issues and Rocks. This ensures that everyone is on the same page and working to achieve the same goals. As a Visionary with big ideas and visions for your organization, it can be challenging to effectively communicate and get everyone on board. The Vision/Traction Organizer streamlines this process by providing a structured format for discussing and defining these concepts.
People Component
Are the right people occupying the right seats? Do they “GWC”- get it, want it, and have the capacity to do it? The Accountability Chart can help you effectively define roles and responsibilities, all the while ensuring you have the right team members in the right roles. This will also help set clear expectations and promote a culture of ownership and responsibilities as team members are more likely to take ownership over their tasks when they know exactly what is expected of them. They will also be more motivated to perform at their best and feel a sense of pride in their work. With this in place it is sure to lead to improved company culture and business success!
Data Component
As you know, data is essential to run a business. Data allows us to track progress and identify when adjustments or changes are necessary. Of course, using real-time, precise data from within is some of the most important data you can use! The Scorecard is an EOS® tool used to measure progress and track tactical results each week. This keeps everyone informed, accountable and focused on hitting goals. The Scorecard helps you measure the important elements of your business such as cash flow, sales, customer satisfaction, and data needed to predict growth and risks. EOS’s® data component not only provides insights into current operations but also identifies opportunities for innovation and growth. This forward-thinking approach ensures your business stays efficient, competitive and successful in the long run.
Issues Component
While every business has and will continue to have issues arise, strong businesses can identify and solve them promptly. EOS® helps you create an Issues list. This list enables you to identify and prioritize the issues, assign them to individuals responsible for solving those issues, and most importantly discuss solutions.This component promotes transparency and effective problem-solving through the IDS approach (Identify, Discuss, Solve). By doing this, you and your team can quickly solve issues that could be preventing success. Remember, the goal of the Issues Component, like all components of EOS®, is to help your business become more efficient, cohesive, and ultimately, more successful.
Process Component
The process component plays a pivotal role in enhancing business operations by creating consistency and scalability. This system is designed to help clients gain greater control over their business processes, thereby leading to improved results. It involves identifying and documenting key business processes (SOP’s) for HR, marketing, sales, operations, accounting, and customer retention. This helps in streamlining operations and ensuring that every team is on the same page. By defining and adhering to these SOPs, you can ensure that every day tasks are completed in the most efficient way possible. This ensure time and resources are not wasted, and quality is consistent.
Traction component
To turn a vision into reality, it is necessary to have traction. The Traction component of EOS® provides businesses with a set of practical tools and disciplines that help them maintain consistent, reliable growth with an organized approach to goal setting and achievement. This includes the 90-day Pulse, Rocks (next 90-day priorities), Meeting Pulse, Level 10 Meetings, and more. When utilized effectively, the Traction component can help you break down your goals into manageable pieces that are achievable, measurable, and accountable. This ensures that all individuals are aligned with the same goals and that their efforts directly contribute to achieving them.
EOS® and Beyond – The B.O.S.S.™
The EOS® tools are designed to create accountability and discipline within the organization easily. The EmmerScale B.O.S.S.™ (Business Operational Scale System) is a dynamic “strategy meets execution model” with EOS® self-implementation as its backbone. Additional components include the use of powerful complimentary pieces from other systems, tools, and assessments that significantly improve trust and health within the team and maximize business performance and potential.
- The B.O.S.S.™ is executed by an EmmerScale Fractional Integrator, an expert in general business and franchising, who brings decades of experience in working with Founder/CEOs and the Leadership teams of emerging franchisors(brands).
- The B.O.S.S.™ is properly implemented directly into the existing leadership of your company.
- The B.O.S.S.™ will streamline your business operations, help you set a clear and focused vision for the future, and bring your team together to achieve success.
In Conclusion
Overall, EOS® self-implementation, combined with the B.O.S.S.™, and an expert fractional integrator will ensure you gain control of your business operations with a strategy that works. From streamlining difficult processes, setting a clear and focused vision, and uniting your team together, you can achieve remarkable results! We will leave you with long-term solutions that deliver a high ROI and encourage growth in your organization, driving your success for years to come!
EOS is is a registered trademark of EOS Worldwide. EmmerScale is not affiliated with EOS, and is not a certified EOS implementor, nor does it represent itself as such. EmmerScale works as a fractional integrator/ business consultant with its clients to utilize the permitted network of EOS self-implementation model. Please visit eosworldwide.com for information regarding certified EOS implementation.
