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The Six Key Components to Operate Your Business

If you are having problems figuring out how to operate your business, Chris White has six key components to help you get everything aligned.

White spoke about the Entrepreneurial Operating System (EOS) as the opening speaker at Vitality Florida, a CEO summit for Second-Stage Entrepreneurs. The day-long event was organized by Grow Florida at the Broward College campus in Pembroke Pines and sponsored by Florida Power & Light.

White became an entrepreneur after being successful in sales with Motorola. He made a lot of money, but became bored, he says. He had several software companies, including one purchased by the Trek bicycle company and another one used by podiatry practices.

His career took a different turn after he read “Traction,” a book by EOS Founder Gino Wickman. Now, White has his own company, Traction in Florida (tractioninflorida.com) to help businesses.

The six key components of the Entrepreneurial Operation System (EOS) are:

  1. Vision: The leadership team needs to get on the same page of where you are going and how you are going to get there.
  2. People: You have to surround yourself with great people and they have to share your core values
  3. Data: Just a handful of key performance indicators (KPIs) that keep your finger on the pulse of the organization. With the vision and data you will smoke out all the issues
  4. Issues: Run towards your issues to solve problems as they surface. Success stems from solving your own issues.
  5. Process: It’s an often neglected secret ingredient. Processes allow you to be more consistent and have a business that’s scalable, easier to manage, more efficient, more fun and more profitable. Talked about getting a thick binder. He never paid attention. Nobody took him through the process.
  6. Traction: Create an environment of accountability and discipline.

For goal setting, he recommends having ambitious 10-year goals, a three-year picture that’s simple, clear and compelling and a one-year plan where less is more.

He also likes the philosophy of “rocks,” priorities that have to get done every quarter. He suggests three to seven rocks each quarter.

 

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.