{"id":1185,"date":"2022-02-08T13:37:00","date_gmt":"2022-02-08T18:37:00","guid":{"rendered":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/?p=1185"},"modified":"2022-02-10T12:44:44","modified_gmt":"2022-02-10T17:44:44","slug":"what-it-takes-to-go-from-good-to-great","status":"publish","type":"post","link":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/2022\/02\/08\/what-it-takes-to-go-from-good-to-great\/","title":{"rendered":"What It Takes to Go from \u2018Good\u2019 to \u2018Great\u2019"},"content":{"rendered":"

Humble Yet Driven Leaders\"\" <\/a><\/span><\/span><\/strong><\/span><\/h3>\n

The book Good to Great: Why Some Companies Make the Leap . . . and Others Don\u2019t<\/i> sheds light on the shared characteristics of businesses that achieve exceptional success.<\/span> <\/b>Jim Collins, author and researcher, identifies seven key traits that enable companies to transition from doing okay to doing phenomenally well.\u00a0<\/span><\/span><\/p>\n

    \n
  1. Level 5 Leadership<\/li>\n
  2. First Who, Then What<\/li>\n
  3. Confront the Brutal Facts<\/li>\n
  4. Hedgehog Concept<\/li>\n
  5. Culture of Discipline<\/li>\n
  6. Technology Accelerators<\/li>\n
  7. The Flywheel<\/li>\n<\/ol>\n

    These may all sound a bit cryptic! That\u2019s why, in this article and several others to come, we will discuss the characteristics that Collins discovered so that you can consider them as you strive to improve and grow your business.\u00a0<\/span><\/p>\n

    Great Companies Characteristic #1: Level 5 Leadership\u00a0<\/span><\/b><\/span><\/p>\n

    Collins describes five levels of leadership that embody different skills and strengths. All levels are important for business owners to achieve and maintain. But getting to Level 5 is especially critical for taking a company from good to great.<\/p>\n

      \n
    • Level 1: Highly Capable Individual<\/b><\/span>\u2014Contributes their work ethic, talents, and knowledge to advance the company<\/li>\n
    • Level 2: Contributing Team Member<\/b><\/span>\u2014Applies their individual capabilities to group efforts and objectives and collaborates effectively in group settings<\/li>\n
    • Level 3: Competent Manager<\/b><\/span>\u2014Effectively organizes people and other resources to further company objectives<\/li>\n
    • Level 4: Effective Leader<\/b><\/span>\u2014Stimulates higher performance standards by motivating others to work together toward a clear and compelling vision<\/li>\n
    • Level 5: Executive<\/b><\/span>\u2014Embodies a powerful blend of unwavering will and humility, a combination that develops trust and inspires others to aspire to excellence<\/li>\n<\/ul>\n

      Contracting companies might find it difficult to transition from the first three levels to the fourth and fifth. In small businesses, owners are often tasked with working heavily in<\/i> the business (meeting with customers, writing quotes, doing the construction, etc.) to get jobs done and keep operations running smoothly. But working on<\/i> the business (planning, strategizing) to develop a clear and compelling vision is critical, too. So is communicating that vision and having the right mindset and demeanor to energize others in the company to want to help fulfill it.\u00a0<\/span><\/p>\n

      So, what can you do if you haven\u2019t quite reached Level 5?<\/b><\/span> Here are a few tips to consider:<\/span><\/p>\n

        \n
      • Delegate work to others in your business who have the necessary skills and knowledge\u2014and don\u2019t micro-manage!<\/li>\n
      • Take time to think about what you want your business to achieve. What vision do you have for your company?<\/li>\n
      • Establish KPIs (Key Performance Indicators) that allow you to set benchmarks for success, measure performance, and track what\u2019s working and what isn\u2019t.<\/li>\n
      • Give credit where credit is due. Acknowledge a job well done and show appreciation for your team\u2019s hard work.<\/li>\n
      • Be confident but not cocky. Feel gratified by your achievements but keep focus on how everyone in your business has contributed collectively to your success.\u00a0<\/span><\/li>\n<\/ul>\n

        Stay tuned for more about going from good to great! Next time, we\u2019ll talk about the second characteristic, \u201cFirst Who, Then What.\u201d<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"

        Humble Yet Driven Leaders The book Good to Great: Why Some Companies Make the Leap . . . and Others Don\u2019t sheds light on the shared characteristics of businesses that achieve exceptional success. Jim Collins, author and researcher, identifies seven key traits that enable companies to transition from doing okay to doing phenomenally well.\u00a0 Level…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-1185","post","type-post","status-publish","format-standard","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/1185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/comments?post=1185"}],"version-history":[{"count":5,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/1185\/revisions"}],"predecessor-version":[{"id":1191,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/posts\/1185\/revisions\/1191"}],"wp:attachment":[{"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/media?parent=1185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/categories?post=1185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.homesteadoutdoorproducts.com\/blog\/wp-json\/wp\/v2\/tags?post=1185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}