EPISODE E1.005 What Are Your Operating Principles or Values

Introduction
Good day and hope you are looking forward to a productive week.
This week we are announcing our new community - The Community of Commerce for all insiders. Everyone who has JOINED US and become an inside we are moving off of the weebly web platform to a community site on Tribe. 

This will provide an opportunity to share information, ask questions, and gain support for starting, growing, or exiting your business.

It is our version of the Chamber of Commerce - what it could have been instead of what it has become. This community has one goal - your success as a business owner to build generational wealth for your family. That growth will create more and better jobs in your local community.

It is a stand alone (outside the control of the arbitrary large providers) platform that provides entrepreneurs and business owners a space for the free and open exchange of ideas.

As a member of IBGR's Community of Commerce you can:

1. Follow other users including the OnAir Talent and Executive Team at the station.
2. Ask and answer questions about starting, growing, and exiting the business from our OnAir team and each other.
3. Follow any member of the Community to stay abreast of their latest business insights as well as building your own following.
4. Start discussions to stimulate input from other members of the Community.
5. Create and vote in Community polls.
6. Post and comment on posts and blogs.
7. Access and share content entrepreneurs and business owners can use.

We built this beyond the reach of the 'masters of the universe' so you can speak your mind.

On a closing note, if you want to know what drives everything we do - checkout this article: from Australia (click here).

And that is just restaurants - what about everybody else?
Have a great business week.
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Show Objectives - The Why
The is the last of 3 shows on converting your Dream and Philosophy into the businesses DNA.  This is an essential first start and better done before you open than later in the process.

Key Issues - Owner Perspective:

1. Defining the operating principles of the business,
2. What are the results expected for each principle or value,
3. What behaviors would you see on the job if the owner lived by it

What You Need to Know - The What

• EPISODE A.003 THE DREAM BECOMES AN ORGANIZATION
• EPISODE D3.002 UNDERSTAND AND LIVE BY COMPANY VALUES

​What You Need to Do​​ - The How

1. Using Balanced Scorecard, create initial list of operating principles or values. 
2. Name the Value. Given the list of potential values for each element of the Balanced Scorecard, determine a name that captures the list.
3. Define the Value. Create a description that makes sense to all stakeholders - customers, employees, investors.
4. Impact of the Value. What impact or result do you expect if this value was consistently followed.
5. Behaviors Exhibited. If this Value was  exhibited by everyone in the company, what behaviors would you be able to see.
6. Prioritize the Values. Put the values in a priority order. This is critical because when there is a conflict - which one wins!

Shows

• Previous: EPISODE E1.004 YOUR MISSION STATEMENT
• Next: EPISODE E1.006 What is your Unique Selling Proposition