In this edition ... Leading to Scale ... Transforming Bad news to Good ... Are you on Autopilot? ... Making The Entrepreneurial LEAP ...
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!
Not all startup leaders can scale a business. Can yours?
As you build your startup, one of the most difficult choices you have to make is about your existing leadership team. Can they scale with the company or is it the right time to bring in people with more experience to lead?
The problem is that many people who join startups in the early stage like the dynamics of that stage. They like getting involved in everything and they like problems that they can solve. Themselves. Right away. Those are wonderful qualities for executives early on. Over time they turn out to be bugs, not features.
Here are five questions to ask yourself to identify if an executive is oriented towards scale.
Read more at Inc.com (3 minutes)
THE MAGIC AND CURSE OF PUTTING YOUR BUSINESS ON AUTOPILOT
The autopilot can be an aviator’s best friend. It’s precise, alleviates workload, and provides good peace of mind. All positive factors, but if the pilot isn’t careful, it could lead to big trouble!
Take the case of Eastern Airline Flight 401 where the crew was preoccupied diagnosing a gear light problem, and didn’t notice the autopilot was inadvertently set for a gradual descent, causing the plane to crash (CFIT) and kill 86 on board...
Read More (3 minutes)
Book I Read This Week
Gino Wickman, the creator of the Entrepreneurial Operating System (EOS), and author of the bestselling business book Traction has just released his latest title, Entrepreneurial Leap - Do You Have What It Takes to Become an Entrepreneur.
Gino wrote this book to help any entrepreneur-in-the-making greatly increase their odds of success when taking their entrepreneurial leap.
After years of helping entrepreneurs who have already taken the "Leap", I like the way the book sets up the would-be entrepreneur to leap with their eyes open!
This book is sort of like a Traction prequel, helping startup founders get on the path to success from the outset, and break through the ceilings that will come with a strong business foundation in place!