Winning Streaks How to Maintain Momentum When Your Business is on - PDF document

1/15/2019 Winning Streaks How to Maintain Momentum When Your Business is on Top Chuck Violand January 26, 2019 Questions for an Effective CEO 1

1/15/2019 5 Steps of Small Business Management 2

1/15/2019 Finding Your Place  Options – Coast for a while (not a good option) – Sell the business and retire – Flip-flop in and out of the business  Progress from “me” to “we” to “them” Redefine “Exit”  Rethink your contribution and value  Reframe your purpose 3

1/15/2019 Traps to Avoid  Coasting  Being a finished product  Seagull management 4

1/15/2019 Chart the Course  Commit your Plan to writing  Keep your Plan simple  Engage your people  Test your Plan – Logic – Capacity – Alignment The Dangers of Not Planning  We lack accountability  The team becomes misaligned  We spend our time chasing shiny objects 5

1/15/2019 Execute the Plan  Hold everyone accountable  Act in alignment with the plan Act in Alignment With the Plan  You are the Chief Cultural Officer (CCO)  Your company reflects you  The culture is the company’s gyroscope 6

1/15/2019 Traps to Avoid  No Plan or ineffectively using the Plan  Execution exhaustion  Plan rigidity  Ego depletion 7

1/15/2019 Stay Engaged  Find work that keeps you involved  Surround yourself with people that energize you  Revisit your “Why” Traps to Avoid Entrepreneurial behavior: E-Drift 8

1/15/2019 Traps to Avoid Entrepreneurial behavior: Hiding Out 9

1/15/2019 5 Steps of Small Business Management Focus Your Efforts  EQ rather than IQ  Social awareness  Broader world view  Understand how your role changes 10

1/15/2019 Traps to Avoid  Short Ladder Syndrome  Leadership Debt 11

1/15/2019 Find Great People  Surround yourself with great people, even when they disagree with you Develop Top People  Recruit speed or chase speed  Continually develop your talent 12

1/15/2019 Traps to Avoid  Surrounding yourself with “Yes” people  Defaulting to friends and family  Assuming managers can manage Traps to Avoid Entrepreneurial behavior: Heroic Management 13

1/15/2019 Traps to Avoid Entrepreneurial behavior: No Accountability 14

1/15/2019 Examples to Follow Focus Your Efforts 15

1/15/2019 Traps to Avoid  “Going Hollywood”  Confusing humility with weakness I’M SORRY, I CAN’T HEAR YOU OVER THE SOUND OF HOW AWESOME I AM Traps to Avoid  Hedonic Treadmill (yacht envy)  The irrational pursuit of more 16

1/15/2019 “Comparison is the thief of joy.” Theodore Roosevelt Let’s Summarize 17

1/15/2019 Take Control 1. What’s Your Next Place? 2. Keep The Company Focused 3. Keep Your Head In The Game 4. Keep Growing Yourself 5. Build Your Team 6. Work On Your Humility Rise to the Challenge 18

1/15/2019 This presentation has been brought to you by 7026 Mears Gate Drive NW, North Canton, OH 44720  +1 800 360 3513 office @ violand.com  violand.com 19