Building Margin

80: Straight Up Advice for Those Making Strategic Decisions

Oct 22, 2024
Business growth often stalls due to overlooked constraints. A proven framework helps leaders identify and address their biggest obstacles. Real-world examples showcase transformations from struggling companies to success stories. The importance of focusing resources on a single strategic issue is emphasized, alongside practical strategies for prioritizing essential tasks. Learn how to improve cash flow and boost company value without burning out. Tune in for actionable insights that drive long-term success!
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ANECDOTE

Saving A Struggling Family Business

  • Steve recounts working with a husband-and-wife business that was near divorce and financially failing.
  • He analyzed finances, found poor throughput, weak pricing, and no strategy, then helped narrow priorities to recover.
INSIGHT

Less Is The True Multiplier

  • Giving a company too many priorities prevents progress and creates burnout.
  • Narrowing focus repeatedly enabled the owners to turn their business around.
ADVICE

Focus On One Strategic Constraint

  • Identify the single constraint blocking your company's growth and call it your strategic problem.
  • Allocate disproportionate resources to solve that one constraint before moving to the next.
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