A couple of weeks ago, I had a morning appointment with a business owner and an afternoon appointment with an executive (from a different company).
The two meetings couldn’t have been more different.
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Harry Beckwith says, “people don’t lead, purposes do.”
Recently, I worked with a client who became a firm believer in this statement. He is the son who inherited a successful 20-year-old family business and is now struggling to pay the bills. He has been drifting away from the company’s core business and has become distracted.
During a conversation we were having, I asked, “Why do you do what you do?”
“I do it for the money!” he replied.
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No one cares what you do.
I know this seems a bit harsh but it is a reality. There are many other companies that do what you do and can fulfill the need your company currently fills.
But can they do it HOW you do it?
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How can it be true that the more I work in my business, the less it’s worth?
I first heard this comment from a fellow EOS Implementer™, Kevin Armstrong, who hails from Vancouver. He explained that the notion came to him when he was working with a small business owner who wanted to sell his business.
To the business owner’s dismay, a valuation expert told him that because he had always controlled everything and had not developed a strong leadership team, the valuation he desired was dependent on him staying in the business. He was stuck!
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A common frustration of many business owners is how difficult it is to find and keep “good people”. Conversely, “bad people”, those who regularly commit one or all of the Seven Deadly Sins, seem to abound. Even when “good people” are hired, it’s only a matter of time before they somehow mysteriously turn out to be “bad people”. The lament is often “they interviewed so well, but …”
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