How to Boost Your Business with a Powerful Tool!

Every now and then you come across tool or a process that provides a ton of value in a simple and effective package. This tool or process is easy to understand, easy to integrate into your existing systems, and it provides an extraordinary level of value to you and your business.

The EAC – ITD chart is one of these tools. You need to leverage this tool into your business! Download it from the Business Tools tab on my website.

The Tool

I originally built this tool as a method to track project health when I was responsible for overseeing a large portfolio of projects. It is a simple little graph that tells you right away if your project managers really understand their projects and if their projects are going to meet the organization’s financial expectations.

So, what is it and how does it work?

70% of Today’s Occupations Will Be Obsolete in 80 Years

Did you know that 70% of occupations in today’s marketplace will be automated or obsolete by the end of this century!

This is a stunning prediction that is hard to believe but it is happening before our eyes.

For those of you who find this hard to comprehend, this sort of job displacement has happened numerous times in the past . . . even in the last century. For example:

  • In the last 60 years, agriculture’s share of workers has seen an 80% drop!
  • Also, in the same period, manufacturing has lost 60% of its market share of workers

As technology, society, and our economies advance, the workplace has seen, is seeing, and will continue to see massive changes and upheavals.

Occupations That Will Be Obsolete or Highly Automated

How Strong Values Engage Employees and Increase Profits

12 Steps to Business Transformation – Step 3

Over the last few posts, I introduced my Ebook 12 Steps to Business Transformation and I defined Vision and Mission, the first 2 steps of the 12 transformational steps. This week we are going to talk about Values.

Defining the Values for your business is step 3 in my new Ebook “12 Steps to Business Transformation.”

Values describe the behaviors that will get you from where you are now to achieving your Mission and ultimately attaining the Vision.

Where Vision defines WHY your organization exists and Mission defines WHAT the organization does, Values are the driving behaviors that govern HOW the organization drives toward successful outcomes.

Values are the foundation of any organization.

A Clearly Defined Vision Can Transform Your Business

12 Steps to Business Transformation – Step 1

Vision is a powerful picture of the future which creates an ideal and unique image of what your organization will become or achieve. It provides the reason for the organization’s existence. It defines the organization’s reason WHY and is the “North Star” that every action in the organization is guided by.

Defining the vision for your business is also step 1 in my new free Ebook “12 Steps to Business Transformation.”

This is arguably the most important step in any business. Without it, there is no apparent reason for the business to exist and nothing for the employees or staff to rally around.

12 Steps to Business Transformation

12 Steps to Business Transformation is founded on a simple business model and describes the 12 steps required to implement and execute on the model. The whole model is summarized in the Thinking Business Blueprint shown below.

Relentless Cost Cutting Will Kill Your Business

Eliminating waste and unnecessary cost inside your business is critical to its long term growth, profitability and success. However, primarily focusing on reducing cost will eventually kill your company.

As Gordon Bethune said, “You can make a pizza so cheap, nobody will eat it. You can make an airline so cheap, nobody will fly it.” The king of corporate turnarounds, Greg Brenneman, supported this with his statement “a maniacal focus on trimming cost can lose you more revenue than you gain.”

This was certainly my experience back in 1998 when I was brought in by a client to redo engineering work that another contractor had outsourced overseas. The contractor was looking to reduce their engineering costs by sending the bulk of their engineering to a lower cost country. Unfortunately, they did not control this work close enough. When the engineering was submitted to the customer, not only did it not meet expectations, it caused the client to loose so much confidence in the contractor that the contract for the work was pulled and awarded to another engineering company.