6 Ways to Grow Your Business Faster
Using "EOS": Entrepreneurial Operating System
If you’re an entrepreneur (or aspiring one) — this guide will save you a lot of headaches.
Growing a business is f*cking hard.
It’s constant chaos.
Creating a vision
Growing your team
Working with customers
Leading and aligning everyone with your vision
When I got stuck in my business, felt burned out, and wanted to run away from my problems…
It was “EOS” that taught us how to grow from 7 to 8 figures in annual revenue at Mak Construction.
What is EOS?
The Entrepreneurial Operating System (EOS) is a set of simple, practical tools that help entrepreneurs get what they want from their businesses.
It’s a business model created by Gino Wickman, that helps you align all aspects of your business to achieve vision, traction, and healthy team dynamics.
Here's how EOS can help you grow your business to the next level without burning out and sinking with the ship:
1. Creating a Clear Company Vision
EOS helps define your vision clearly and ensures that everyone in your company understands and is aligned with this vision.
In the construction or real estate industry, this could mean having a clear vision of:
types of projects you want to undertake
the markets you want to operate in
the type of clients you want to attract
2. Hiring the Right People
This component of EOS emphasizes the importance of having the right people in the right seats.
In construction or real estate, this means hiring people who not only have the skills to perform their jobs effectively but also align with your company's core values.
We use The Predictive Index test to identify if the right people are in the right seats.
3. Using Data to Grow
EOS helps you use data to track progress and identify issues.
This approach can be very practical in real estate or construction where monitoring metrics such as:
project timelines
project costs
client satisfaction
safety incidents
Using KPIs helped us become more operationally efficient.
This is the boring shit you need to grow!
4. Identifying Issues Fast
EOS provides a framework to identify, discuss, and resolve issues effectively.
In construction, things can go wrong.
dealing with delays
budget overruns
supplier problems
employees who aren’t a good fit
These things can destroy your business.
EOS helps you identify and solve the problems holding your business back.
5. Developing Processes
EOS emphasizes creating consistent, scalable processes.
In construction, processes are everything.
Providing estimates for clients
Being as accurate as possible on costs/timeline
Producing the best possible outcome for clients
Without processes, things go wrong.
With processes, our business operations run smoothly and efficiently, regardless of the size or complexity of the project.
6. Gaining Traction
The Traction component of EOS involves:
setting clear goals
outlining the steps needed to achieve those goals
instilling discipline and accountability throughout the organization
In construction, this leads to managing timelines effectively, maintaining budgets, and ensuring quality standards.
Dive Deeper with EOS Resources:
When you’re ready — there are 3 ways I can help you:
Learn about investing with us at MAK Capital
Explore 1:1 mentorship with me by applying here
Subscribe and listen to the MAK podcast here
Until next time, folks.
💸 🏡 📈
- Marc Kuhn
P.S. I would love it if you shared this with a friend.
Awesome resource for entrepreneurs, thanks Marc!