Episode E5.001 Indecision Failure Points

Introduction
Well this is exciting. We made 2 fundamental changes to the 3rd Quarter. The first was announced at the beginning of the month - the month of Agile. That decision was based on where most businesses are today in relationship to arbitrary government action on Covid19. We use the term because decisions to open or not open are political and therefore unpredictable. Agile is the right choice for the Owner's Mindset because it works in unstable environments.

The second major change is the design of programming.  The new approach is applying the Stages of Fast and Sustainable Growth for the 6 time blocks and shift the themes or tracks to days of the week. The goal was to make it easier for the business owner to find the right live show or podcast.

For more information check out FAQ#9.
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Show Objectives
We are going to start with the negative today - what must you avoid as an entrepreneur/business owner when you have used all of the company's resources and it is at top value.

How to maximize the business idea by optimizing every single element of the operation.

What You Need to Know
​Indecision:

• no clear end game for the future of the business or;
• inability to act quickly.

Stage V is a momentary stop and leads to decay of the business. Decisions about the future should have been made earlier (Stage III) and executed.

What You Need to Do
​Getting ready for the sale or reinvention

• Key Part of the Company: Top - the executive group/owners need to decide "what's next"? Based on the "end game" determined earlier, it is time to decide - sell the company when its has the highest value, reinvent the business using retained earnings for reinvestment, or do nothing and decay. 
• Management Methods: Results - since processes (best practices) were built in Stage III and skills developed in Stage IV, everyone in management can focus on results to lean out the operation and maximize profits. 
• Core Processes: Performance Management - shifting management focus from processes to results requires infrastructure for managing talent.