EOS has method to hold leadership team accountable
You may have heard of EOS, or the entrepreneurial operating system, which many business owners are using to transform their companies. If you’re not familiar with it, this article will outline the basics.
There are three buckets to every business: sales, accounting and operations. In a new business, the owner wears all three hats.
Consider this tale of two business owners.
One is a talented architect who was wearing too many hats in his business and charging too little for his services.
The other is a successful manufacturer with good cash flow and profits, but experiencing talent and operational issues that could cause his revenue to flat-line a few years from now.
Would you confidently share your sales department forecast with your banker? Most business leaders view the idea of a “bankable forecast” as the epitome of an oxymoron.
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