Episode B2.007 Power of the Reset

RESULTS RADIO..."Let's Grow Together"

Introduction
Hope everyone is looking forward to a great week. We have a few announcements to make about growth of the IBGR Network. 

First, we are doubling the number of new and returning visitors to the site. July was twice June’s numbers and we beat July’s numbers over the weekend.

Second, with the addition of Gambia on Sunday, IBGR is now heard by entrepreneurs in 100 countries. That is 51% of all the countries on the planet. 

Third, we have declared war on Covid19. That is not on the disease itself, just a worse variant of the flu. Our declaration is aimed at those politicians and bureaucrats that are making arbitrary, non-science based decisions on economic activity. People with no skin in the game, collecting checks from our taxes are deciding which business lives or dies. If you do your own research, a stark reality will become apparent - what is happening in your country is not based on science - it is based on power and control.

Check these articles out as reference points:

• Sweden Hits COVID-19 "Triple Whammy": No Lockdowns, Low Deaths & Minimal Economic Damage
• Lockdown Restrictions Are A Test To See How Much Tyranny Americans Will Accept
• THE TRUTH ABOUT COVID19 - DON'T LET THE BUREAUCRATS AND POLITICIANS GIVE YOU A LINE OF BULL.

Put all of this together and we are your advocates against the forces of statism and command economies. We understand entrepreneurs are a different breed that don’t live by the leave of others - why? Because everyone at and associated with the station are entrepreneurs. We are building a network of ideas, insights, and tools that will help you navigate the pandemic and beyond.

JOIN our community and Let’s Grow Together!

Have a great business week.
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Show Objectives
​Today’s show is about applying the principles of lean to put a product or service on the market, test it and then “reset” or make improvements and course corrections. Sometimes this means shutting down operations for a short period of time in order to conserve resources and make the improvements now before heading into your hard launch. The road to your business success is more like a roller coaster ride than a straight line. 

Key Issues - Owner Perspective:

1. First principle to lean design - build, test, improve, the minimally viable product or service
2. Build fast and make it available to learn
3. Reset whenever the improvement requires all the company's resources 
4. Better early when the customer base is smaller than later - "if you're going to fail, make it fast with minimal impact"

What You Need to Know
The shortest distance between two points is a straight line. When going from dream to plan and finally turning it into action, it’s easy to fall into the “straight line” trap. This trap can kill a startup faster than anything else at the stage of growth. Straight line thinking is like trying to shove the round peg into the square hole instead of making course adjustments and looking for a better fit.

What You Need to Do​​

1. Know your end goals and stay focused on the big picture thinking while measuring real time results.
2. Get good at reading the data. Establish KPI’s and monitor them frequently.
3. Get everyone on board. Your entire company has to have buy in and understand their part in the reset - not only why, but also HOW.
4. Lead by example. Nobody likes change. Model  what right looks like and supervise employees
5. Ensure this is a day-to-day move and not just project based.
6. Apply discipline and accountability measures
7. Focus more on growth and less on results. Ultimately you want better results, but don’t be afraid to take risks along the way. 
8. Continue this process as long as needed by eliminating waste, building in quality, increasing knowledge, delivering fast, respecting people and optimizing the whole.

Shows

• Previous: Episode EPISODE B2.006 CREATING BASIC PERFORMANCE METRICS
• Next: Episode B2.008 Power of the Huddle 

Written by Donna Kunde

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