Rhythm Blog | Strategy Execution

by Patrick Thean and the Rhythm Team

How to Make Data-Driven Adjustments to Hit Your KPIs [Example]

Jessica Wishart Thu, Aug 16, 2018 @ 11:00 AM

For many CEOs and executive leaders, the idea of having a system in place to allow you to see where you are off-track with the company’s goals or heading for a train-wreck so you can make adjustments before it is too late sounds appealing. Having a dashboard where you track KPIs is a great way to accomplish this, but in order to make the right adjustments to hit your goals, you need to follow a process to set yourself up for success—having the dashboard isn’t enough.

Simply seeing that the numbers aren’t coming in the way you had hoped won’t automatically fix the problem. Once your dashboards alert you to a problem or opportunity, you have to do the work necessary to course-correct and hit your goal. You need to be clear about your goal; you need to identify the levers that could potentially help you get there; and you need to gather the necessary data, have the right discussions, and make adjustments along the way.

No, Your Strategy Does Not Suck - You Just Have Too Many Good Ideas [Video]

Patrick Thean Fri, Aug 10, 2018 @ 11:18 AM

“Patrick, my strategy sucks! I am not getting the results and growth that I want. What should I do?” I get this question quite often. On the surface, it appears that your growth strategy is not working. When I ask a few more questions, often I find the strategy or Winning Move is just fine. It’s actually the execution of the growth strategy that is flawed. Most entrepreneurs suffer from the disease of “not being able to say 'NO' to a good idea." So we overeat from the buffet of opportunity, and have too many important initiatives. 

3 Pitfalls to Avoid When Developing Your BHAG

Jessica Wishart Wed, Aug 1, 2018 @ 09:30 AM

A key piece of your long-term strategy is your 10-25 year visionary stretch goal, what Jim Collins calls your Big Hairy Audacious Goal (BHAG). Your BHAG is so important because it helps you grow with purpose. It should provide guidance and help you and everyone else in your company choose between the opportunities that arise as you continue to grow.  

Using Systems to Scale as Your Company Grows

Tiffany Chepul Thu, Jul 26, 2018 @ 11:00 AM

Remember when you could fit your entire company into a conference room? Those were the days. Things were simple and most things could be managed on a spreadsheet: your financials, your customer/contact list, your company strategy, your to do list, etc.

Then you grew. Inevitably, you needed an ERP system to manage your accounting and supply chain. You also needed a CRM to help give visibility to all your customer connections and drive your sales pipeline. You set up an enterprise-wide calendar system. Your HR team needed a system to track employees, benefits and days off.

But, what about your company’s strategy and execution plans? Still using those spreadsheets?

Getting Things Done and Dreams Executed

Patrick Thean Tue, Jul 17, 2018 @ 11:00 AM
On a recent trip to Amsterdam, I had the opportunity to spend some time with David Allen, author of   Getting Things Done. David is the master of personal productivity and organization. I read Getting Things Done more than 15 years ago. Since then, I have been using his ideas to free my brain of clutter and get more of the right things done.
 
David shared with me that success breeds success. He noticed that people who use his method are already successful people who want to get stronger and better. I shared that we had a similar experience at Rhythm Systems. We noticed the same pattern. Our clients are already successful, and they want to achieve even more. They want to have a way to succeed consistently and have predictable results.

3 Leadership Tips for Successful Change Management

Chris Cosper Wed, Jun 27, 2018 @ 11:00 AM

“Innovation is the key to success.”

“If you’re not growing, you’re dying.”

“You must create a culture of continuous improvement.”

Here are three pieces of great business advice I’m sure you’ve heard a hundred times. They all make perfect sense, but like most good advice, they’re easier said than done. The reason they aren’t easy is because they all involve change, and change is hard. Let’s face it; coming up with a new idea isn’t that hard. Creating a plan to implement your new idea isn’t even hard. It’s when you start involving all the people affected by your idea that things get messy.

The Sweet 16 to Scaling Up Your Business

Barry Pruitt Thu, Jun 21, 2018 @ 11:00 AM

It’s summer. Bright blue skies, puffy cotton candy-like clouds, and colorful flowers abound in gardens everywhere. This description is also a metaphor for the mindset and optimism of entrepreneurs. And in that mindset, like an approaching hurricane for your garden, lies danger not yet encountered. In fact, even serial entrepreneurs make minor mistakes that wreak hurricane-like havoc on their carefully planted business. You need a contingency plan for health and safety prior to a hurricane, and you need a contingency plan for when things go wrong, or you’ll never be able to scale up your business.

The approach of detailed business contingency planning is one for growing an established business. I won’t address that in this blog as the pattern I’ve seen is that so few entrepreneurs and their business make it to the established, growing stage. I’ve seen many get stuck at $15-50mm in revenue while struggling to break past their growth barriers. My advice here is targeted to those companies. If your business is larger, let this be a reminder of the contingency basics. And, if you have a larger business that doesn’t have contingency planning in place, let this be a warning.

Knowledge Is Power

Paige Wilcox Tue, May 29, 2018 @ 11:00 AM

How can you use a methodology and platform like Rhythm if you’re not fully in the know on all of the tips, features and functions offered? There’s bound to be something left on the table that could make your life easier, and you may not even know you need it yet.  

A great way to get more value out of Rhythm is by moving through our certification program. To start, we offer a comprehensive Fan Certification that provides an understanding of our core methodology and themes (keep in mind, we also have a Fast Track version of this if you’re short on time. Email certification@rhythmsystems.com for the details).

Goal Setting 101: How to Write an Effective Priority [Infographic]

Jessica Wishart Thu, May 17, 2018 @ 11:00 AM

Goal setting is an essential skill for both personal and professional success. If you aren’t setting goals, you’re likely not making progress. However, research by the University of Scranton found that 92% of people who set New Year's resolutions never achieve them.

Business goals don't fare much better; 67% of great strategies fail due to poor execution. Writing an effective goal will increase your chances of successfully achieving that goal. Fortunately, goal-setting is a skill that you can learn and improve.

Here are 6 Easy Steps to Writing an Effective Priority:

How to Set Clear Goals for Your Priorities

Paige Wilcox Wed, Apr 25, 2018 @ 11:00 AM

Priorities—not to be mistaken for KPIs —outline the work you plan on doing in a given amount of time in order to achieve your desired results. A key component in achieving those desired results is clearly defining them.

You need to specify what success looks like first so you can effectively plan for  meeting —and exceeding—those measures of success.

All Success Criteria Are Not Created Equal