Rhythm Blog | Patrick Thean

by Patrick Thean and the Rhythm Team

Rhythm Client Achieved $1.4 Billion Valuation

Patrick Thean Fri, Jun 9, 2017 @ 09:00 AM

Yesterday was a big day for Michael Praeger, CEO of AvidXchange. No… Sorry, it was a huge day! Yesterday, Michael had press conference at their newly opened Charlotte campus. They were announcing not one but three great wins towards his dream of building Charlotte into the “Silicon of the South.”

Win #1: MasterCard announced that they are partnering with Avidxchange to create a B2B hub that  brings AvidXchange technology to their network of banks.

How to Use Dashboards for Flawless Execution

Patrick Thean Sun, Jun 4, 2017 @ 12:00 PM

Every quarter has thirteen weeks. It goes by fast. Before you know it, the quarter is over. And then the year is over. You are left with the question, “Did we accomplish what we set out to achieve?”

Read this blog post about how to design and visualize your quarter like a 13-week race. You can also find this in chapter 7 of my book Rhythm.

Now that you have your 13-week race, how do you run it and achieve success? Unfortunately, nothing happens unless you do the work. To be successful, you need to do the work, inspect what you expect, and help yourself or your team makes the right adjustments to succeed.

3 Parts Of An Execution Ready Quarterly Plan (Video)

Patrick Thean Thu, May 25, 2017 @ 09:00 AM

Develop an execution ready plan for your quarter, each and every quarter! This will help you to have a successful quarter each and every quarter. The secret is to visualize your quarter like it's a 13-week race.

An execution ready plan over your 13 week quarter needs three things:

- SMART Priorities (Specific, Measurable, Attainable, Realistic, with a Timeframe)
- Milestones to help you visualize your execution
- The right people and resources with the right amount of dedicated energy to help achieve the team’s plan

De-Suck Your Unproductive Weekly Status Meetings

Patrick Thean Tue, May 9, 2017 @ 09:00 AM

Having great weekly meetings is the secret to increasing your speed of execution and getting more initiatives done.

"Wow! Really? Mine suck. In fact, I am thinking of stopping my weekly status meeting altogether,” a friend said to me. When I asked him why, he shared that they were boring, tedious, and his team could not wait for the weekly status meeting to be over so that they could get some real work done. The British Psychological Society reported that $37B each year is lost to unproductive meetings. Clearly, some of those dollars were my buddy’s.

4 Questions to Help You Achieve Focus and Alignment

Patrick Thean Sun, Apr 30, 2017 @ 09:00 AM

If you want your team to be focused and aligned on the right projects, you need to connect your strategy to
 execution.

4 Tips to Mastering the Rockefeller Habits and Your One-Page Strategic Plan

Patrick Thean Sat, Apr 15, 2017 @ 09:00 AM

If you are a Mastering the Rockefeller Habits fan, here are four tips to make your One-Page Strategic Plan work for you. Used correctly, it can accelerate your progress. Used incorrectly, it can quickly become a bureaucratic anchor around your neck.

1. Use your strategic foundation - Your core strategy to drive execution:

Your core strategy is made up of your core purpose, core values, and BHAG (Big Hairy Audacious Goal). Don't allow your core values to be merely a poster on the wall. Use them purposefully every day. Don't be tempted to hire that great resource who does not demonstrate your core values. Allow your core values to be your veto tool. Hire and fire by your core values. Here's a tip to live your core values: Choose words that you use daily. Don't switch into "corporate speak" when you bring up your core values. To make it stick, it's got to be the way you talk with each other. Do people in your company understand how their daily work helps to achieve the company’s overall mission or purpose? Are they on an exciting journey towards the promised land? Your BHAG is a 10+ year goal that can create excitement and inspiration for the entire team. Too often, I see BHAGs and purpose statements just being cute posters decorating corporate walls with people not understanding how they are part of the exciting journey to achieve the BHAG and purpose.

Your Boring Weekly Meetings Need a Dead Body

Patrick Thean Sun, Apr 2, 2017 @ 12:00 PM

My wife and daughter are obsessed with Criminal Minds. If you have never seen the show, almost every episode starts with a killing or a dead body. The characters then solve the mystery with the audience totally absorbed in how they go about solving the case.

5 Things That Make Your Weekly Meetings Suck

Patrick Thean Sun, Mar 19, 2017 @ 12:00 PM

Did you know that $37 billion is lost every year to unproductive meetings? I will let that sink in for a minute. If you are wasting even a fraction of that, you need to de-suck your meetings and get productive! How do you know that your weekly meetings are time wasters instead of time savers?

Here are five reasons why meetings suck, and a couple of tips to de-suck them.

Top 5 Mistakes People Make in Planning

Patrick Thean Thu, Feb 23, 2017 @ 09:00 AM

I recently facilitated an annual planning session for a client. During our debrief after the session, the team shared that it was one of their most productive annual planning sessions. I asked them to share with me what we did differently that worked so well. “Well, first, the outcome is awesome. We all know what we are supposed to do and are totally aligned about what we want to get done this year.” They shared with me that having an outside facilitator made a world of difference as I helped them avoid a number of pitfalls they encountered when they ran their own planning meetings. These pitfalls cost them dearly in time and money, two very precious resources! I distilled our debrief into five pitfalls that having a facilitator helped them avoid.

Who Should Attend My Annual Planning Session to Develop the Best Plan?

Patrick Thean Thu, Dec 1, 2016 @ 09:00 AM

“Who should attend our annual planning session? Should it just be my executive team?” I get asked this question all the time. The default answer seems to be the executive team. However, in many cases, that simple answer might not be the complete answer. In most cases, your executive team should be invited to your planning session. But should you invite anyone else?