Company Turnarounds START from the Mind UP!
Lets get real for a minute. Something needs to change. Results need to improve. You can not change results doing the same old things.
To get started on company transformation into a cash generating machine, it doesn’t matter why results are now what they are. Because, all transformations start at the same place.
YOU MUST CHANGE YOUR MIND!
Transformation requires change, change requires action, action requires a choice, choices are based on mind set, mind set is the lens through which you decide to view the world.
Positive transformation can not take place with a faulty world view.
A flat world view kept thousands of explorers from venturing over the seas in search of gold at the end of the rainbow. Until Columbus decided to have a round world view, then a new world was discovered and … well you know the rest of this story.
Many CEOs, business owners and business leaders have a flat world view. Their paradigm only goes as far as they can easily see. It is limited to things they know well and/ or are comfortable with. Frankly most business success comes from providence, being at the right place at the right time. This kind of success is not sustainable, changes in the marketplace occur and the company finds themselves continually reacting to these outside circumstances. Then they find there are internal constraints that this reactive state keeps bumping into.
The solution is to have a round world view. Think the real world is not limited to what you can easily see or what you know or what is currently chomping at your feet.
Transformation starts from the mind up. Change to a round world view. Most disruptive ideas come from outside an industry. Someone puts a new spin on satisfying a market need based on a round world view. Truth is not limited to what I see, know or have experience with.
Another mind set a successful CEO needs is to change how you see yourself. Many if not most CEO/ founders have a vision, have some early success then find their results slipping and themselves putting in more and more and more time trying to stick their fingers in the holes springing up in the dike.
As a CEO you need to change your mind about who you are. At your very core you need to have a “Founders” mind set; not an employee or boss or Hero mind set. Here is the difference:
Many companies are started based on a good idea to satisfy a market need or a skill or knowledge base the owner has. The new owner handles every detail and reacts to issues and problems that arise because they are Heros, knowledgeable about the issue and empowered to make a quick decision to solve it. That works at first to solve the issue…. but…. The solution can be worse than the issue if processes are bypassed and the solution is not repeatable or scalable. Heros, bosses and employees react to problems and create quick fixes, but often the fix is like how I fix home reapir issues, using wire and duct tape. They are not long term fixes.
The CEO with a Founders mind set see that they are building an organization that can go on without them. This requires effective, efficient, repeatable and scalable processes, organization, and procedures in the hands of great people who are actually smarter and more informed than the Founder and are empowered to be creative and solution finders within a continuous improvement process.
The winning Founders mind set – they see a future with themselves as expendable, not indispensable. They lead an inspired group of leaders who are empowered to make changes quickly in advance of market changes not reacting to market changes.