The book is about how you can change an excellent organization or business in-to the one that produces sustained good results.
Your home based business might be doing pretty good, but are you just satisfied with just being good, or do you've the desi...
This week as I moved from our offices in Wilmington, Delaware to my home and area office in Aurora, CO, I had an opportunity to get the no 1 Bestseller, a great business book that has sold more than 2 million copies, Good to Great by Jim Collins.
The book is about how you can change an excellent business or business in-to one which produces sustained good benefits.
Your home based business could be doing pretty good, but are you just satisfied with just being good, or do you have the want to move your home business in to the air of greatness?
If I was still a Corporate Weenie, I would have made this book necessary to my management team.
I'm certain that in Corporate America this book has been a subject of furious argument along mahogany strip, whilst the leadership tries to determine if the books instead controversial viewpoints should be placed on a company that from many indications does very well both from a leadership and financial standpoint. The book would explain this company as just a good company, certainly not a great one.
What about your business? You mightn't even think you have an excellent business. Well, in that case, you may be able to pass the period and go straight to wonder as you apply the rules in Jim Collins book.
The book suggests that there are common denominators that are related to his explanation of good companies. In the absence of these popular denominators, an organization may be great in all measurable aspects, but never ascend towards the books meaning of effectiveness.
The writer and his remarkable research team conducted radical, academically sound research in establishing its criteria for success. An extremely strict criterion that triggered a particular and somewhat surprising number of organizations that met the very strict requirements. You'd be very amazed I think by the companies that made the number, and people who did not.
As I continue to read this book I seriously considered the home based business industry and my very own private entrepreneurial efforts with Tiger Trade, LLC. To get different interpretations, we know people check out: more information. I considered several of the some ideas the book promoted and how I might use them to my business interests and transition from just being a good home based business, into a good one.
Listed here is a number of the ideas and methods gleaned from the book that I have made a decision to pursue to take my companies to another levela level of success.
Be considered a Level 5 Leader- The businesses that went from good to good did not have the professionally dynamic, gregarious control you could expect to get. Organizations that went from good to great all covered leadership who had a leadership kind of personal humility and the professional will to complete whatever was necessary to develop a great company, even though it influenced them financially. Its perhaps not about you; its about the company.
First Who, then What- Good to great leaders did not create great businesses by creating a new dramatic vision or strategy. The things they did was to get the best people on-board and the wrong people off-loaded. They made the script on the mantra that Folks are your most important advantage. That's wrong. The right individuals are your most significant tool. Surround yourself with the proper people.
Face the Brutal Facts (Yet never drop faith )- Every good to great organization embraced what is called the Stockdale Paradox. This paradox was based on the former prisoner of war Admiral Stockdale. The idea suggests that you must preserve unwavering faith that you may win in the long run, regardless of problems, AND at the same time have the discipline to confront the most brutal facts of your current reality, whatever they could be. Try this in your life and your company so that you can be great.
Use the Hedgehog Concept- Refuse to you should be competent. Transcend the problem of just being capable, even though it is your core business area. Should you require to be taught extra resources about more information, there are tons of resources you should consider pursuing. Uncover what you can possibly be the best at, and then with time pursue that, even at the expense of curtailing some thing you may have done for years, but can never be the best at. Just that which you can be the best at can be the core of the great business.
A Culture of Discipline- In my business we will simply not be encouraged, but our business will have a culture of control. When you mix a tradition of control, having an ethic of entrepreneurship, you obtain the marvelous alchemy of great performance.
Technology Accelerators- Do not depend on technology to spark a change in the company, but use vigilantly selected systems with the knowledge that it'll not be the major cause of the businesses success or decline.
The Doom and the Flywheel Loop- There's no single defining activity or great event that transforms a company from good to great. There should be a combination of numerous activities over-time. The method is much like moving a flywheel in a single way, turn upon turn, building energy, until a point of development and beyond.
These are some extraordinary ideas on how to move your good home based business into a good home based business. A small business which will be sustained for several years ahead. A great home based business that will continue to be an asset for you personally and your children, and also your childrens children. The Bible says that a good man leaves a history for his childrens children. That's long-term success and opportunities that greatness rewards.
Get Jim Collins book. Read it over and over before axioms in the book become plausible to you. Understand it, then confidently apply the principles in the book not merely in your company, but also that you experienced.
Hot regards,
Kenny Anderson.