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How to Hire Great People and Help Them Thrive

Talent wins. I’m tempted to drop the mic here, but let’s dig a little deeper. Organizations that consistently outperform their competition do so because they have more talent, focused leadership, and a thriving culture. But how do you actually build a system that guarantees long-term success by managing and empowering talent? Buckle up as we take you through the OYC Talent Management System and show you how to hire, coach, and develop a winning team—without losing your sanity.

Mindset First: Talent Matters

"Business would be great if I didn’t have to deal with the people," said every manager ever. But here's the kicker—if you believe people are the problem, your organization will always feel like a reality show gone wrong. Remember, Henry Ford didn’t just invent the assembly line; he surrounded himself with people smarter than him. And trust me, it takes talent to put your ego in your pocket.

Action: What’s Your Attitude About Talent?

  • Do you believe talent makes a difference, or
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Culture Shock: Is Your Culture Intentional or Accidental?

Uncategorized Sep 11, 2024

"Culture eats strategy for breakfast." — Peter Drucker

Key Concepts:

  • Leaders must clearly define the culture they want to build.
  • Leaders must walk the talk.
  • Leaders must identify and reject cultural mismatches.
  • Leaders must recognize and celebrate cultural examples. (Tell stories that memorialize and reflect cultural alignment.)
  • Leaders must be self-aware of themselves and the organization.

Questions:

  • Have we defined our ideal culture?
  • Are we walking the talk as leaders? Are we the champions?
  • Are we quickly identifying and addressing cultural mismatches?
  • Do we have stories that are examples of living our culture
  • Is the culture we have created core to our success?
  • Are there aspects of our culture that aren't serving our business?

My business career has spanned three decades. It began as an employee before transitioning to business ownership. In the beginning, I had no concept of organizational culture. The irony was that I worked at Cummins Engine Company as a manu...

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Customers Rule or Do They?

Understanding your customer’s journey and making it easy to do business with your company will lead to raving fans. Here’s what to do!


Key Takeaways:

  •  Cultivating a customer-focused mindset will lead to raving fans.
  • How customers feel about your company is as important as the product or service provided.
  • Nothing says you care like a personalized approach.
  • Every person in your company is responsible for customer success.
  • Identify friction points in your value delivery process and make them disappear.
  • Knowing your LTV (Lifetime Value) and CAC (Customer Acquisition Cost) helps emphasize the importance of customer retention.

Questions to Consider:

  • Do we have a documented, proven customer success process (CSP)?
  • If yes, are we reviewing this regularly for opportunities to enhance it?
  • How would we describe our attitude toward our customers?
  • Who in our organization is responsible for monitoring and improving the CSP?
  • Do we differentiate from our peers when it comes to our cu
  • ...
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Every Dollar Counts: Lessons in Finance from the School of Hard Knocks

Uncategorized Aug 25, 2024

"Watch your pennies, and your dollars will take care of themselves," said Ben Franklin (and probably every frugal grandparent ever). And while this is usually said about personal finances, it applies to your business finances as well.

We love a good hero story, like Elon Musk betting big on SpaceX and hitting it big. He’s become the poster child for risk-taking, but in reality, these kinds of bets usually don’t pay off. Most of the time, betting everything on the future leads to a spectacular failure. Jim Collins teaches us that the most successful companies take a different approach to risk: "Fire bullets, then cannonballs." This means testing and refining ideas before going all-in.

Every dollar should be viewed as either an investment or an expense. The financial well-being of the company is crucial because it affects everyone who depends on it, like balancing a delicate Jenga tower. This doesn’t mean decisions should freeze you, but they should be made with care, especially when b...

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Breaking Down Silos: Playing Survivor in the Workplace

operational efficiency Aug 20, 2024

 

Picture this: Sales and operations are having a passive-aggressive standoff. Sales thinks operations are the fun police, blocking them from closing deals. Operations thinks sales is busy making promises even a genie couldn’t fulfill. Add in a couple of stubborn leaders, and you’ve got yourself an all-out turf war—complete with eye rolls and CCing everyone in emails. IT’s got its agenda, operations has its to-do list, and Accounts Payable is more interested in getting bills paid than making friends. The walls they put up between departments guarantee that you’ll be stuck in the land of mediocre results. But organizations that break down these barriers unlock their full potential by replacing turf wars with teamwork.

Ultimately silos destroy culture, ruin collaboration, and make everyone feel like they’re playing a never-ending game of "Survivor" in the office. Leaders must eliminate silos to build a healthy, thriving organization—or at least one where people actually talk to each ot...

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Onboarding for Long Term Success Best Practices

Onboarding new hires is a critical process that sets the stage for long-term success. Effective onboarding ensures new team members are well-equipped to contribute from day one, fostering a sense of belonging and engagement. A well-structured onboarding process can significantly impact employee retention, productivity, and overall business performance.

At Own Your Category, we recognize the challenges of onboarding new talent. We’d like to introduce the Business Health Checkup. This free, comprehensive checkup is designed to identify opportunities to improve your business's health and deliver actionable insights, including strategies for successful onboarding.

The Keys of Effective Onboarding

  • Role Clarity and Expectations: Clear role definitions help new hires understand their responsibilities and what success looks like. This clarity reduces confusion and sets the foundation for their contributions to the team.
  • Engagement from Day One: A structured onboarding process ensures new
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Tips To Recruit the Right Talent

Finding and retaining the right talent is crucial for the long-term success of any business. Your most important tasks are to identify, recruit, hire, onboard, and train A-players. Talent drives your company's growth, performance, and ability to scale.


At Own Your Category, we recognize the pain points of recruiting and managing talent. That's why we're offering our free Business Health Checkup. This free, comprehensive checkup is designed to identify opportunities to improve your business's health and deliver actionable insights, including strategies for talent management.


The Importance of Recruiting the Right Talent

  • Building a Self-Managing Company: A self-managing company relies on talented individuals who can operate independently and drive the business forward.
  • Defining Roles and Responsibilities: Clear definitions of roles, responsibilities, and KPIs ensure new hires understand their impact and what success looks like.
  • Identifying Ideal Team Members: The ideal candidate p
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How To Avoid the Pain Points of Financial Planning

Financial management is a crucial aspect of running a successful business. Yet, many business owners struggle with financial planning, leading to sleepless nights and unnecessary anxiety. From managing cash flow to understanding key financial metrics, the challenges can seem overwhelming. But there's good news: you don't have to face these challenges alone.


At Own Your Category, we understand the financial pain points business owners face. That's why we're excited to introduce our amazing limited-time offer: the Business Health Checkup. This free, comprehensive checkup is designed to identify opportunities to improve the health of your business and deliver actionable insights to help you achieve your goals.

Why Financial Planning Causes Pain

  • Managing by Checkbook: Simply checking the bank balance can lead to uncertainty and stress, as it doesn't provide a complete picture of your business's financial health.
  • Lack of Financial Acumen: Without specific financial skills and knowledg
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Yes or No

Opportunities and activities abound.  Everyone is ready to occupy our time with this or that.  In my studies of success and high performers, a common thread has emerged.  Learning to say “no” is a significant contribution to their long-term success.  Saying no is difficult.  We naturally desire to please others or take advantage of what appears to be an amazing opportunity that could further our career or grow our business.  Opportunities come at us left and right, so how do we choose?  Why should we say “yes” to this opportunity, and “no” to that activity?  Is there a strategy that can help us say no with confidence that we are making the right decision?  I have developed a strategy that has become helpful to me and I hope it is helpful to you.

 

Step #1 –

Have a list of goals and priorities accompanied with a list of non-negotiable core values.  When we have a clear vision of where we are going, it makes it easier to say no to opportunities that are not in alignment with those pri...

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Everything is Temporary, Except...

Have you ever been sick and wanted nothing more than to feel like you did before you were sick? Have you lost someone close to you and in the midst of grieving, felt sorrow so deeply you wondered if you would ever feel normal again? What about the time you failed so miserably you swore you would never try again?

Life lived is like a roller coaster. We go up and we go down but that is the thrill of the ride. The majority of pain is temporary, but our fear of pain is permanent. Our fear of pain traps us on the hamster wheel of life. We don’t take the opportunity to get on the roller coaster because the easy path is the hamster wheel.

All things are temporary. Your current situation will change, but you must act to accelerate the change. You must act in your own self-interest to avoid being trapped in a life you didn’t design. I am not suggesting you disregard others in your action but acting in your own self-interest is making a plan and taking action. Here are some exercises you can d...

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