It's that time of the year where the office starts clearing out, and everyone starts going on vacations. While the office is quiet, your team should take the time to brush up on your business education, especially reading. Check out my recommendation of 5 books everyone in your organization, especially your leaders, should be reading.
Rhythm Blog | Rhythm Book
by Patrick Thean and the Rhythm Team
We are honored to share with you that the Rhythm book has been nominated for the Small Business Book Awards in the management category. The Awards, now in their seventh year, celebrate the best business books that entrepreneurs, small business owners, CEOs, managers and their team members should read.
The small business community plays a key role by nominating, showing their support for, and voting on their favorites. And, guess what? You can vote, too!
The Community Voting period starts today and will run through April 2. To vote, simply look for the Rhythm book in the voting link and click on “VOTE." The winners of the Community Voting will be named "Community Choice" winners.
A new quarter is starting. It is time to discuss, prioritize and choose your top priorities for the new quarter. How do you do this? How do you decide what are the best ideas and priorities to execute? Prioritizing is not about ranking from 1 to 10 and doing them all (or failing to do the last few). Rather prioritizing is about gaining focus. To achieve focus, you need a few big things to focus on, not a list of 10 things to try and get to. As Yoda in Star Wars said, “Try not. Do... or do not. There is no try.” Trying to work on all 10 things does not give you focus. Saying “No” to items 4 through 10 frees up your brain to focus on your top 3 priorities.
So what are the right two to three things? In chapter 2 of my book, Rhythm, I discuss how to use an objective and simple way to sort through ideas and choose the right ideas to build winning strategies on. It is an objective framework to discuss subjective ideas and to keep our discussions and decisions from becoming too emotional. Your best ideas are the ones that will give you the strongest revenue growth for the least investment of resources. I use a simple framework with two questions to rate each idea:
- What is the impact on your revenue growth over the next three to five years? Rate it from 1 to 10, with 10 being the highest impact.
- How easy is it for your team to execute on this idea? By “easy” I mean can it be implemented with current resources? Will it require little additional capital? Is it synergistic with other projects? Rate it from 1 to 10. The more difficult or expensive it is to develop and execute, the lower the rating. This means 1 is the least easy, and 10 is the easiest.
Every quarter is made up of 13 weeks. To be successful, run it like a 13-Week Race. So how is your 13-Week Race coming along? We are about to hit Week 4. In my book, Rhythm, Chapter 11 talks about making adjustments to successfully achieve your plan. I suggested paying special attention to weeks 4, 5 and 6. Well, we are about to enter week 4! Have you started on all your priorities yet? Sometimes there are a couple of priorities that we don’t know how to start, let alone get done! So we put them off, hoping that we will figure it out later. It’s tough, but it's time to ask some teammates for help on those priorities that you have not started. It does not get easier, so time to get going. Here are 5 tips for weeks 4, 5 and 6.
I wanted to pause for a bit and thank our friends and customers for helping to launch my new book, Rhythm - How to Achieve Breakthrough Execution and Accelerate Growth. In the short time that the book’s been out (3 weeks), it has received 24 reviews at Amazon. Even the most critical review (3 stars) started out with “Great book,…” Rhythm also achieved a ranking of 32 in the Kindle store! Thank you also for the personal emails that I have received, encouraging me and sharing how you have enjoyed the book.
I was researching stories of great execution for my book Rhythm: How to Achieve Breakthrough Execution and Accelerate Growth. I came across one of the greatest Olympic races that most people have never heard of.
These are very exciting days at Rhythm Systems. We are changing this blog from "Patrick Thean's Blog" to "Rhythm Blog - by Patrick." Over the last year, many writers and coaches on our team at Rhythm Systems have contributed to this blog. Just like it takes a village of coaches and mentors to help a company grow, it takes a village of writers to produce the helpful articles that we all enjoy on this blog. With the launch of my new book, Rhythm - How to Achieve Breakthrough Execution and Accelerate Growth, it is the perfect time to rebrand our blog at the same time.
I thought it took me three years to write my new book, Rhythm - How to Achieve Breakthrough Execution and Accelerate Growth, until I searched for and found Chris Elder's email... Then, I realized that it took me more like six years! Chris sent me some positive and critical feedback five years ago on my first book, Execute Without Drama. I thanked him and promised him a complimentary copy of the updated version of Execute Without Drama that I was working on.
In 1999, CEO consultant Ram Charan and Fortune's Geoffrey Colvin wrote an article on why CEOs fail. They studied over 40 failed CEOs and concluded that they failed not due to a lack of strategy, but rather, the fatal flaw was poor execution. You can read this famous article here.