I read an article recently that talked about a popular class at Yale called The Science of Well-Being, designed by professor Laurie Santos. She pulled research findings on the psychological science of happiness and created a class with practical step-by-step exercises designed to boost happiness. This article caught my eye because recently I made one…
What is a BHAG? BHAG stands for a : Big Hairy Audacious Goal In my last few blogs I have discussed Core Values and Purpose. Now it is time to discuss the third component that creates clarity inside your company, your BHAG®. A Big Hairy Audacious Goal stimulates progress toward a clear finish line set…
Do you know your company’s “WHY”? If you think it’s about revenue you should dig deeper. Why did you start the business? Why is it what you do important? Core Purpose must be established to build clarity inside your company. It is why you are here, doing what you do every day. Purpose guides us…
Do you offer a guarantee like this one? They should pay me $5 just for having to read all this nonsense. Let’s talk about a few ways this fails: Every product in the store has been bar coded and the checkout system is completely computerized and has been for decades. Are customers really concerned about…
As leaders we hate to quit. Just the thought of “giving up” makes us cringe. It might be the feeling we are giving up on a person, or giving up on a goal or initiative; either way, leaders don’t like to feel like they haven’t given all their efforts towards something or someone who is…
Core Values are a handful of rules that remain constant over time and manage the behavior inside of your company. If you have employees acting against the set behavior expectations, it is most likely that you are lacking in core values or not talking about core values enough. According to The Advantage by Patrick Lencioni,…
David Chavez, the owner of Assured Strategy, highlights three things that build clarity inside your business. Core Values What are your core values? How do you act and behave? Are you using them inside of your company? Purpose What is your purpose? Why are you here doing what you do every day? BHAG® What is…
More than 95% of businesses in the United States never grow to $1 million per year in revenue. Of those that do reach $1M, 90% fail to make it to $10M. What separates those companies who succeed from the ones who fail is often a solid strategy that differentiates them from their competition. A key…
As an entrepreneur, you know you should do strategic planning. What you may not know is that most CEO’s don’t understand how to approach it. What’s Strategic Planning When people say “strategic planning” they are actually talking about Strategic Thinking and Execution Planning. These are two distinct activities and when we mix them together, our…
If you’re like many business leaders right now, you’re in the heat of planning for the upcoming year. Hopefully, the plans are connecting to a longer-term business strategy your company is focused on. So, when you’re thinking about strategy you should be thinking about how do I differentiate my company from my competitors? You can…