In this edition ... Business Lessons From a Bike Crash? ... Pro or Artist?... There's a Tool for That! ... What Leaders Create ...
Here is your weekly installment of Tuesday Traction Points - Key things I'm seeing and experiencing that give me, and the entrepreneurs I work with, Traction!
Business Lessons from a Bike Crash?
I’m a bike rider. I relish two-wheeled machines. Biking has been my go-to activity for recreation, fitness and stress relief for nearly 50 years. I’m confident I have well over 10,000 hours in the saddle! Even with all of that experience, I crash from time to time.
Lately, I was reflecting on a certain kind of accident. The type of crash that happens when you take a turn too fast! I’ve done this a few times. Every incident embodies the terrifying realization that there’s no way to turn hard enough or slow down soon enough to keep the bike on the road.
Thanks to Google Maps and Strava, one such crash site is shareable. After a grueling climb of over 3000 feet to the top of Big Mountain Pass in the Wasatch Mountains of Utah, I was excited for the thrill of a speedy decent. As I accelerated down the pass toward the first turn, I paid little attention to the 20mph hairpin sign symbolizing a change of direction.
Note how Strava reported what happened in that hairpin turn which I entered at around 30mph (the arrow pointing to my crash site was added by me).
I was clearly off the road! Fortunately in this incident, I was not severely injured! My turbulent exit from the road into a ditch somehow ended with me landing on my feet! My front tire went flat after striking a large rock but I was able to repair it and ride the rest of the way home.
What does it look like to run off the road in business?
- Customer churn, Lower sales than forecast, Running out of cash
- Any terrifying outcome you become aware of too late to change
- Sometimes we land on our feet… sometimes we don’t and suffer real setbacks!
Why go fast?
- Sometimes in business, we have to push the limits to understand what’s possible.
- Taking a turn, or making a necessary change too slowly can cause us to lose the race just as easily as taking it too fast and going off the road.
- We want to be able to turn, change, adapt and innovate faster than the competition.
Why do we run off the road?
- At high speed, my skinny, high-pressure tires went into a skid instead of gripping the road. Are we running our business under so much pressure for forward movement that we can’t slow down or turn when the environment changes or goes “downhill”?
- Are we watching the signs? What are the benchmarks to gauge our progress?
- I teach leadership teams to create a Scorecard to see trends and identify when a turn is coming.
What was I thinking?
- Are we caught up in the thrill of the ride … thinking about where we’ve been, where we’re going and how fast we’ll get there?
- Could our drive for a personal record put the enterprise at risk?
- As leaders, are we present? Are we listening to our team? Are we truly thinking about what’s happening right now or are we thinking so much about our next move that we don’t execute the present one?
- I teach leaders to be present as they Lead, Manage and hold each other Accountable for goals we call “Rocks” and “To-Dos”.
Ultimately, in business, we want to protect ourselves from crashes or recover quickly and get back on the road when things don’t go as planned! We can go fast and stay on the road when we are...
- Present in our Leadership and Management to create Accountability
- Leading and managing with clear Rocks and Measurables
- Watching the signs in our Scorecard
- Getting Issues out of our head to identify, discuss and solve them
- Listening to our team in Level-10 Meetings
Enjoy the ride!
THERE'S A TOOL FOR THAT
Tool (noun): “An instrument…used in performing a task necessary in the practice of a vocation.”
For most people, that definition may evoke the image of a carpenter using a hammer, a quilter using a needle and thread, or an electrician using a pair of needle-nose pliers.
All simple and practical tools are used by people with varying levels of skill and experience to build, or fix, or create something.
Gino Wickman created EOS® – and the EOS Toolbox™️ – to help people whose “vocation” happens to be “entrepreneur.” And he knew that to be successful, his toolbox – OUR Toolbox – would need to be full of things as simple and useful as a hammer or a shovel.
Read more (3 minutes)
"Leaders create the conditions where people choose new actions.
The choices are voluntary. They’re made by people who see a new landscape, new opportunities and new options.
You can’t make people change. But you can create an environment where they choose to."