I love to talk about systems that are part of making your business become more economically and personally sustainable.
I know from talking with thousands of business owners over the years that everyone wants more economic success. The problem is often business owners like you are stuck and don’t know what to do first.
You might even feel really frustrated and want to just give up and do all of the things you’ve always done. After all, isn’t that how you’ve gotten this far.
I think this sort of thinking is too bad. It’s hard to keep banging up an invisible wall. You feel you should be moving faster, but you’re not. You might even have a project list of ten, twenty or even more things on it.
And, that’s the problem that you have. You’re just trying to do too many things at once.
Hi, I’m Josh Patrick and I want to talk with you about a planning strategy that John Doer popularized and is used widely at uber successful companies like Google.
I love to talk about systems that are part of making your business become more economically and personally sustainable. I know from talking with thousands of business owners over the years that everyone wants more economic success. The problem is often business owners like you are stuck and don't know what to do first.
You might even feel really frustrated and wanna just give up and do all the things you've always done. After all, isn't that how you've gotten this far? I think this sort of thinking is too bad.
It's hard to keep banging up against an invisible wall. You feel you should be moving faster but you're not. You might even have a project list of 10, 20 or even more things on your list. And, that's the problem. You're just trying to do too many things at once.
Hi, I'm Josh Patrick and I wanna talk with you about a planning strategy that John Doerr popularized and is used widely at uber successful companies like Google. The strategy is called OKR's. And OKR stands for objective and key results.
So let's talk about some things you can easily do.
First, throw away the list of 20 things on it. Okay, don't throw it away, just put it in a drawer where you won't see it again. The truth is, you wanna take a look at those 20 things and you wanna circle the most important that will give you the biggest result for the least amount of effort.
Second, write down the one project that you could do that would move the needle. That's the one that I just talked about. The one that's easiest to do and will give you the biggest result. That's your objective. That's your key objective.
Third, you gotta figure out what the key results that would have to happen for you to achieve this outcome. This doesn't mean you are write down the tasks you have to do. Those are not the key. Those are not the objectives. Those are not the key results. Those are just things you need to do to help you get to the key results. You don't wanna have too many things on this list. Otherwise, again what happens, it becomes overwhelming. Write down the results that can be measured that have to happen. I often referred to this as a success path for you to achieve your result. It'll typically be somewhere between five and seven steps that you are gonna have to do to hit that key result that you want. Or the objective you want will have five or six steps to get there. Five or six things that have to be done. Five or six results that will get you to that objective that you want.
So, these three things are really simple to do and it will take some work on your part. You know the thing is, simple does not mean easy. Simple means it's simple to do. And along with simple usually come some effort to make whatever it is you are working become real.
So, you might be saying to yourself that you want and need to have more than one project open. Okay, I get it. And, if you have more than three, I can promise you that none of them will get done.
So, how do I know this? For years, and years and years, I had over 20 projects going at one time. When I was doing that I can promise you I would work for two minutes on this one, and two minutes on that one, and ignore most of them and feel really guilty about it and spend a lot of time focusing on the things that I wasn't getting done and not the things I was getting done. Now, I only focus on one or two at a time. And, you know what happened when I started doing that? We went faster, and faster, and faster and got way more accomplished than I ever did when I had that list of 20.
So, really, really, I want you to only have one or two things, maybe three on that list. But, no more than three 'cause if you do, you are just gonna go bopping back and forth, and back and forth between them, and you are never gonna get accomplished what you really wanna get accomplished.
So, what do you really think about putting OKR's in your company? I would love to have a conversation with you about this.
So, feel free contacting me at email@example.com to setup a time to talk. In the meantime, if you are not ready to talk, download our free eBook infographic on our Stage 2 Innovation Process. It's what has to happen if you wanna make changes in your company that are going to stick. So, I hope you enjoy this video, please scroll down and let me know what you think using OKR's in your company will mean for you.
Hey, this is Josh Patrick. You are at The Sustainable Business. Thanks a lot for stopping by. I hope to see you back here really soon.