NCET Biz Tips: What is EOS?

EOS, the Entrepreneurial Operating System, is a complete set of simple concepts and practical tools that help thousands of entrepreneurs around the world get what they want from their businesses. Implementing EOS will help you and your leadership team get better at three things:

Vision: Get everyone in your organization 100% on the same page with where you’re going and how you plan to get there.

Traction: Instill focus, discipline, and accountability throughout the company so that everyone executes on that vision – every day.

Healthy: Help your leaders become a more cohesive, functional, healthy leadership team.

Who does EOS help?

There are five big frustrations that keep most business leaders up at night. Do any of these sound familiar to you?

Control – you don’t have flexibility over your own schedule. You’re working harder and longer hours than you’d like.

Profit – you aren’t making enough money to invest in the people, training, technology, and equipment – and your own compensation – that you want.

People – no one is really on the same page. Employees, vendors, customers, even owners and partners. It feels like you’re a referee on a day-to-day basis.

Hitting the Ceiling – you feel like your business is stuck. The team and company were on a great trend, but for some reason you aren’t anymore. Maybe you’re not growing fast enough, or maybe you’re growing too fast! Maybe you’re not as efficient or as profitable as you’d like.

Nothing is working – no matter how many great books you read or how many seminars you go to, whatever you take away from them to implement in your business doesn’t seem to stick.

If you’ve hit a wall and your business has hit a ceiling, help is on the way.

What is the EOS Model?

Small business leaders that are experiencing the freedom, profit, team, and growth that they want have committed to strengthening six key areas of their business:

Vision: Agree upon a clear vision in writing with the leadership team, and then getting everyone in the company 100% on board with the vision

People: Get the right people – people that share your core values – in the right seats. These are people who are really talented “rock stars” for their positions.

Data: Get a pulse on your business through a handful of activity-based numbers that are reviewed weekly.

Issues: Develop your team to openly and honestly calling out issues when they surface – and solving them for the long term greater good of the organization.

Process: Document your way of doing business from a simplified high-level approach so that you drive consistency throughout the business. As a result, you’ll be able to scale your company to whatever size you want – and it will be easier to manage, more efficient, more profitable, and fun!

Traction: Bring accountability and discipline throughout your organization by agreeing on 3-7 priorities every 90 days. Involve everyone in the company in a weekly meeting pulse.

Tens of thousands of business leaders like you — with 10-250 employees — have achieved rapid growth and a more balanced life by running on the Entrepreneurial Operating System. EOS isn’t a computer operating system. It’s a people operating system that harnesses human energy through a simple set of tools and principles.

You didn’t become an entrepreneur to feel burned out or stuck in place. EOS gets you “unstuck” by organizing the hundreds of challenges you face every day and making them more manageable. You’re able to solve issues before they become problems, get the right people in the right seats, make meetings so productive that you actually look forward to them, and build a culture of accountability.

When you run on EOS, everyone is working toward the same goals. Your business runs more smoothly and profitably. You break through the ceiling to achieve growth. And you simply enjoy life more.

Learn about EOS and “Get a Grip on Your Business” at NCET’s Biz Bite on Feb. 22 with the program and lunch from noon to 1 p.m. with networking from 11 a.m. until noon. NCET is a member-supported nonprofit organization that produces educational and networking events to help people explore business and technology. More info at www.NCETbite.org

Bill Gerard is a Certified EOS Implementer in Reno. He facilitates, teaches and coaches EOS to entrepreneurs, business owners and leadership teams. Previous to becoming a full-time EOS Implementer Bill served as a business and leadership coach at Merrill Lynch managing the internal consulting group for 10 years. Bill is an International Coaching Federation certified executive coach and is a certified facilitator of Clifton Strengths Finder and DISC. He was also a coach and trainer at Citigroup-Smith Barney for 10 years.