Plus, how to build a business that runs itself
â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â â  February 13th, 2022 The Memo | Issue #80 Leadership is all about buy-in. Yes, decision-making is important, along with setting the vision and goals for the company. But itâs also your job to [create the organizational alignment]( needed to bring those decisions and goals to fruition. Now, letâs dive in... How (and Why) We Run Meetings at The Scalable Company âLack of information always evolves into perceived truths, letting inter-office politics run rampant. So if you want your employees to be happy and confident in the company, you have to nip false information and rumors in the butt before they even start.â Meetings have gotten a bad wrap for years nowâeven before the onslaught of Zoom fatigueâas time-wasters. âCouldâve been an emailâ is a meme for a reason. Nevertheless, meetings are a necessity in order to keep employees informed, build collaboration, and secure buy-in. So the question isnât how to avoid meetings, but how to deploy them in a better way. Hereâs the solution: [The Scalable Meeting Model](. We love this article because our own Scalable Co-Founder and President, Richard Lindner, breaks down the exact meeting model we useâin a super detailed and actionable way. Related: [How to run the perfect one-on-one]( How to Build a Business That Runs Itself âAll companiesâeven the most poorly run companiesâhave operating systems. Operating systems shape everything from how customers are acquired to how products are fulfilled to how employees are hired and even how those pesky bills and taxes get paid.â What if we told you itâs possible to build a business that runs smoothly, scales, and generates revenue⦠without you having to be present 24/7/365? Scalable businesses have something we call âtransferable value,â which means they can continue to grow and create value with or without the founder. Sound like a dream? The trick to [building a business that runs itself]( is to refine your Business Operating System. In this video, Scalable Co-Founder and CEO, Ryan Deiss, explains how you can build a scalable operating system into your business with just 3 straightforward steps: - Document your algorithms
- Document your common language
- Define your desired outputs Related: [Is your Business Operating System holding you back?]( What does âvisionaryâ really even mean? âPredict the future...accurately. What changes...good or bad...are lurking around the corner? What do you believe is going to happen, or what do you believe is already happening, that the company isnât fully prepared to respond to?â What do Henry Ford and Steve Jobs have in common? Theyâre lauded as âvisionaryâ entrepreneurs. But what does that really mean? According to Scalable Co-Founder and CEO, Ryan Deiss, not much. Instead, Ryan argues itâs the CEOâs job to âset the visionâ for the company and facilitate the strategy that brings that vision to life. In this quick thread on Twitter, Ryan breaks down [the 5 elements of setting company vision](. [BONUS] Members of [The Collective]( get access to our own Vision Doc we use here at The Scalable Company. Related: [The great myth of visionary entrepreneurs]( The 2-Minute Sales Call âIn less than 2 minutes you saved yourself hours of work trying to convince him to buy something he didnât really want or need, which would have most likely resulted in the same outcome. Thatâs a great sales call!â As an entrepreneur, you wear a lot of hats, and one of them has to say âsalesperson.â Getting around this common misconception when it comes to sales can help you get better. Think of the best sales call youâve ever been on. What made it the best? Did you win the customer? Or did you effectively disqualify them and save yourself (and the lead) hours of work? Aaron DininâPhD and professor of entrepreneurship at Dukeâthe best sales call heâs ever been on falls into the latter category⦠and [it only lasted 2 minutes](. We love this article because Aaron debunks a really popular misconception that serves as a barrier for entrepreneurs trying to become their companyâs best salesperson. Related: [Whoâs your real ideal customer?]( One Last Thing... Whatâs your next step toward building the kind self-sustaining business that runs itself? Hit reply and let us know! - The Scalable Team --- We hope you enjoyed this weekâs issue. If you did, could you do us a favor and share it with 3 friends and colleagues? It would mean the world to us. Thanks. :) Share The Memo Step 1: Click the button below
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Step 3: Earn Rewards Refer 3 friends and get listed on our site as a "Founding Subscriber," plus some mystery gifts we know you'll love... :) [Share The Memo]( What is The Memo (a.k.a. the thing youâre reading right now)? Every week, my partners and I send an email memo to our internal executive leaders (the people running our companies) sharing news and insights we believe they should know. Sometimes it's an interesting article...sometimes it's a new thought or idea...but it's always something timely, tactical, and actionable. Now, you can get the same memo... and you don't even have to sell us your company. 🙂 What is The Scalable Company? The Scalable Company is a collective of founders and entrepreneurs who have no idea what theyâre doing, and are willing to admit it. You can read our âAccidental Entrepreneur Manifestoâ [here]( and peruse our internal âwikiâ of resources and best practices [here](. Â Sent to: {EMAIL}
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