Entrepreneur Operating System (EOS) helps business owners, entrepreneurs and companies achieve their goals. So you’re just born an entrepreneur and you start a business and run it right? No. Not exactly. Every entrepreneur needs a system on which to run their business. No matter how successful, every business faces challenges from time to time and there’s no shortage of management experts, leadership coaches, and how-to guides that promise transformative results.
Business owners might not think of company growth as an issue or a problem to solve, but among the risks of organizational growth is a loss of control to effectively steer toward the company vision.
What is entrepreneurial operating system?
Entrepreneur operating system is a management system that was created by Gino Wickman. Entrepreneur operating system represents a new, holistic approach to business and project management. It includes features related to visions, leadership, data, people, process, and traction.
It is essentially a system that encompasses all the core functions of a business, including finance, operations, human resources, marketing, sales, and customer service.
A BOS can be thought of as a blueprint for a business’s operations, providing a framework for how different departments and teams should work together to achieve the company’s goals. It typically includes processes for planning, organizing, executing, and evaluating different aspects of the business, such as budgeting, resource allocation, project management, and performance monitoring.
A business operating system (BOS) is a set of processes, tools, and frameworks that businesses use to manage and run their operations efficiently.
It is essentially a system that encompasses all the core functions of a business, including finance, operations, human resources, marketing, sales, and customer.
Who is an Entrepreneur?
An entrepreneur is a person with a vision who wants to turn that vision into reality. Entrepreneurs are seen as visionaries because they work hard and invest a lot in their vision and their business. They usually invent something innovative, that hasn’t been presented before. They sometimes need another company to help them realize their plans and achieve their goals.
On the other hand, some entrepreneurs like to work alone or in a close partnership. The challenges and negative sides of entrepreneurship can both challenge and break your business.
Entrepreneurs skills needed for Entrepreneur Operating System
There are a few things that all entrepreneurs need and should pay attention to, and skills they should master, and these things are the main focus of the entrepreneur operating system. There are few entrepreneur skills required to be the one or the entrepreneurial operating system model one should follow
Clarity
As an entrepreneur, your vision is what drives your business. It is the thing (idea or a product) that differentiates you from other people and their innovations. When the vision is clear and when you know what your end goal is, it is easy to know exactly what you want, which resources you will need, and how the whole process will go.
Enterprising
One may have clarity of vision but without the right initiative o being enterprising your vision may just be the thing you never gave much attention to, and become a thing of the past.
This is what differentiates entrepreneurs from other people. There are many people out there who have had amazing ideas but did not take the initiative to realize them. Entrepreneurs are those people who have a vision and they take any opportunity and important steps to make this vision become reality.
Deal maker
When you start your business and you want other people to know about you, you need to become skillful in sales or deals. This is an important part of the whole entrepreneurship process because if you have a product but you do not know how to present it to people and your sales skills are bad, it is almost like it does not exist.
Forethought
One of the key entrepreneur operating system skill is planning. Entrepreneur operating system will be helpful in this sphere as it will guide you to plan better. There are also other apps that can help you with this such as Easynote, which we will mention later in the article.
Funds
Funds makes your vision possible in a monetary way because you need to have a good investment plan for your project. In the planning process, the resources are calculated carefully so you can always be aware of how much of it you need at any stage of the process.
Branding
Many entrepreneurs are not aware of how important branding is. Branding is a visual representation of your product. Good branding and marketing can save your product and make it stand out from your competitors.
Entrepreneurial operating system model
Entrepreneur Operating System is a management system that offers a framework for businesses to improve and manage their performance.
Business leaders and entrepreneurs have found EOS a very useful system that greatly helped their businesses’ management. It is a people operating system, and it gathers human energy through a set of principles and tools.
EOS facilitates your workload by organizing many challenges you face every day and it makes them much more manageable. Entrepreneur Operating System helps business owners and entrepreneurs gain traction, clarify vision, and increase team health using practical tools.
How to Implement Entrepreneur Operating System?
In order to implement entrepreneur operating system, you need a disciplined approach. The implementation process involves the following steps:
The current state assessment
The first step in implementing EOS is trying to assess the current state of your organization. You need to identify key issues, weaknesses, and strengths as well as your goals. Assessment helps you know which steps you need to take in order to put your organization into a better state.
Creating a plan
The second step is to create a plan for the EOS implementation. Planning out all the important things includes identifying priorities, allocating resources, and knowing which projects will need more/less time to achieve their goals. You need to define responsibilities and roles in order to have a better understanding of your project plan.
Implementation
The third step is to implement EOS in the organization. This includes presenting EOS to your coworkers, showing them how everything works, which features it has, and how to use it. EOS creates a culture of collaboration and accountability.
Track performance
You need to track performance and measure progress in order to know if your business is doing well. These indicators will compare how well you did each month or quartal and provide important information on when and where to improve.
Continued improvement
The final step is to always improve your EOS implementation. This includes feedback, filtering processes, and adapting to always-changing circumstances. Improvement should never stop as your teams should be aware that your goal is the best possible outcome.
What Makes the EOS Model a Powerful Tool for Growth?
Shared vision
An overly complex approach to strategic planning can make the process more daunting than it needs to be. EOS tools help streamline strategic planning so leaders can get right to it, using simple templates with built-in deadlines. And when the vision is transparent and clearly articulated, it’s easier to get teams pulling in the same direction.
Right team
Plenty of business owners get in their own way when it comes to people-focused decisions. A rational assessment of employees using an evidence-based rubric clarifies capabilities, organizational fit, and shared values — so you know you’re entrusting responsibilities to people who support the vision and can do the work needed to achieve it.
Thinking that empowers all
Traditional organizational charts often illustrate a cultural issue that gets in the way of growth: the focus on reporting relationships, rather than accountabilities. Instead, EOS calls for an Accountability Chart, which articulates each team member’s roles and responsibilities, and puts the focus on the work, not the egos or personalities.
Supportive organization
When every department, team, or even individual employee has their own way of doing things, disorder soon follows. The EOS model provides a set of simplified processes, meeting cadences and expectations, issue-solving protocols, and people management tools that everyone can follow.
Facing tough conversations head on
A busy entrepreneur can be tempted to hide behind the frenzy of day-to-day operations and avoid hard questions and conversations. EOS’s built-in structures bring visibility to every corner of the business, and tools like the Issues Solving Track™ help cultivate agreement, even when it’s hard.
