#149: Mike Michalowicz—7 Steps to Follow So Your Business Runs Itself
May 20, 2019
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Business efficiency expert Mike Michalowicz shares 7 steps to build an organization that runs itself. Topics include transitioning to a more efficient business model, defining 'Queen Bee Roles' for success, empowering teams, delegating tasks effectively, and embracing talent for business growth.
Implementing Storybrand strategies boosts business growth and leadership confidence.
Transition from 'doing' to 'designing' phase enhances organizational efficiency.
Defining Queen Bee Roles ensures alignment with core promises for sustained growth.
Deep dives
The Impact of Storybrand Live Marketing Workshop on Business Performance
After attending a Storybrand Live marketing workshop, Angie Schulz saw significant improvements in the businesses she managed. Implementing Storybrand strategies resulted in a 25% increase in a nonprofit organization and a 15% boost in recruitment at a public university, surpassing typical growth rates. This success highlighted how clear communication and storytelling, as advocated by Storybrand, led to tangible business growth and boosted confidence in leadership roles.
Transitioning from Working in the Business to Designing Outcomes: Insights from Mike McAllowitts
Mike McAllowitts discusses the transition in business from working in the 'doing' phase to designing outcomes, emphasizing the importance of moving away from constant productivity towards organizational efficiency. He introduces the concept of the 'four D mix,' progressing from 'doing' to 'deciding,' 'delegating,' and finally 'designing.' By delegating tasks and empowering employees to make decisions, businesses can achieve a sustainable model where the leader focuses on designing strategic outcomes.
Identifying the Queen Bee Role for Business Success
Highlighting the idea of a 'Queen Bee Role,' inspired by nature's efficiency, the podcast delves into the critical function that drives a company's success. Drawing parallels to FedEx's promise of timely deliveries linked to their logistics function, the concept emphasizes aligning activities with core promises. Defining individual and corporate Queen Bee Roles is crucial for establishing clear priorities and ensuring every team member contributes to the organization's vital functions for sustained growth.
Optimizing Business Efficiency through System Captures
The podcast emphasizes the importance of capturing systems through video recordings to enhance business efficiency. It critiques the traditional approach of standard operating procedures (SOPs) as outdated and inefficient due to technological advancements. By extracting existing systems through screen capture software, verbal commands, and physical demonstrations, businesses can streamline processes and empower employees to improve upon these systems, leading to a leaner and more effective organization.
Aligning Talents with Tasks for Enhanced Performance
The episode discusses the significance of matching employee talents with specific tasks to improve organizational performance. It shares a real-life example where a receptionist role was redesigned based on individual strengths rather than predefined qualifications. By creating a web-like structure instead of a hierarchical pyramid, businesses can optimize productivity and achieve success with fewer employees. This tailored approach fosters a culture of empowerment and ownership, where employees can excel in tasks aligned with their abilities.
Could you take a month-long vacation from your business without things falling apart? One of our favorite guests, Mike Michalowicz, returns with seven steps you can follow to build a more efficient organization that runs on its own, without relying on you every step of the way. And hey, maybe that dream vacation is closer than you think!
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