Up-to-date content

Educational value

Actionable advices

4.9

Traction

Reviewed by Phong Nguyen
7937 views

Table of Contents:

BookYap’s Review:  TRACTION – Get a Grip on Your Business

Chapter 1: The Entrepreneurial Operating System (EOS): Strengthening the Six Key Components

TRACTION: BookYap ReviewIn a small startup or business venture, the founder or co-founders often take on multiple roles in the business’ day to day operation. Thus, their to-do list keeps getting longer if you don’t catch up fast enough, while there are many other things to worry about. In this chapter, the author explained the Entrepreneurial Operating System (EOS) which simplified things to 6 components that made up important factors in the organization’s operation.

In this section, the author briefly highlighted what each of these 6 components entailed with detail explanations in the following chapters. I do recognize the importance of these 6 components as the fundamental facts of any business operation: Vision, People, Data, Issues, Process, and Traction. If you want to run an efficient organization, this is the book you should read. I would say, by reading this first chapter you should know whether this book is for you or not.

Chapter 2: Letting Go of The Vine

This chapter explains five leadership abilities that you need to practice and establish in your business to reach your goals while you evolve and grow. They are: Simplify, Delegate, Predict, Systemize, and Structure.

While recently working on a new business I started not long ago, I implemented these 5 factors into the new business. My goal is to set up this business in a way that it can operate even if I’m off on vacation for a month. A person who I think has mastered this concept, is Mr. Warren Buffet. With about 20 employees in his office, he has been able to command several large companies successfully, remotely, for many years.

A key take away I took from this chapter is: no matter how smart or knowledgeable you are at many things, the ultimate business capabilities can only be achieved when you simplify your business system so you can delegate the tasks to be done so people can do their jobs effectively, and collectively push toward your goals. Don’t be a jack of all trades, be a talent allocator instead. By the way, another great book I would recommend related to this topic is Multiplier: How the Best Leaders Make Everyone Smarter by Liz Wiseman.

Chapter 3: The Vision Component: Do they see what you are saying?

This chapter does a good job of showing you how to share your vision for the business with your team members and keep it current and relevant as your company moves forward. After a decade of working through the school-of-hard-knocks as an entrepreneur with employees on the payroll, I know how important it is to your success to get your team to understand and believe in your vision early on.

One good saying goes like this: You need to see it in your head first in order to make it the reality. And, since the success of your business depends on the contribution of all team members, you also need them to see that vision and try your best to get them to buy into the idea from the start. It might be okay for outsiders to think you’re crazy pursuing your vision, but those on the inside must believe.

Chapter 4: The People Component: Surround yourself with good people.

There is a saying: “It only takes 1% of effort to hire someone, but 99% of effort to manage that person.” This statement is spot-on for those who run a startup, a small business or are in a managing role. To equip your business well for the many challenges ahead in the marketplace, you need to surround yourself with conscientious, capable people. This chapter will show you how to select and filter the right people for the right job.

One thing I find insightful from this chapter which startups and small businesses should know ahead of time is that, as their business grows, they should periodically review the role and effectiveness of each person. Then, adjust it accordingly, so each person’s contribution meets the expectations needed to meet goals and projected growth.

Chapter 5: The Data Component: Safety in Numbers

As a small business or startup, it is easy to be busy, but harder to be effective. This chapter teaches you a smart way to keep track of your effectiveness with numbers. Numbers are a universal language and may be easier for each of your team members to understand clearly. As we are merging into a more connected and international workforce than ever before, most likely you will work with someone whose native language is not English.

In fact, in the last decade, the majority of my co-workers and contractors are overseas. Even though sometimes their English communication skills are just average, we often communicate using numbers which helps us understand each other just fine. Thus, using numbers to align toward common goals is a great tool that entrepreneurs and managers should sharpen continually.

Chapter 6: The Issues Component: Decide!

Issues, problems, and challenges are what happen during day-to-day business operations. The more people in the business, often, the more problems. The best way to minimize problems is to learn how to recognize them ahead of time before they spiral out of control. I find this chapter very helpful in helping me identify some points I need to go over with my team to make our organization more transparent so we can recognize future issues much earlier than we do now.

Two other things I find very practical in this chapter are the 10 commandments of solving issues on page 141 and the IDS concept (identify, discuss, and solve). If you are an entrepreneur running your small business of 10-25 staff, to me, that is a perfect business size for you to implement these tips and see positive results much quicker.

Chapter 7: The Process Component

As the years go by, and I learn through working with partners, employees, and contractors, I have developed a higher respect and appreciation for the Core Process. I’ve come to realize that the key elements that make great managers are not just people management skills, but most importantly, the process management skill. Successful managers set up the type of system process that works like Lego, or Plug-and-play, so great work can continue even when they’re not present.

This Chapter explains a better way to set up your Core Process. From identifying it, to documenting it, to implementing it. If you are already working with a team of 10+ people, you would find some insights to help you improve, or even change, the way you work, to be more effective as well as efficient.

Chapter 8: The Traction Component

To me, this is the most exciting chapter. The authors show us how to break projects into small pieces, delegate accordingly, and track performance results. They make the 3-year work plan seem doable because it is systematic and organized. Emily Dickinson once said, “If you take care of the small things, the big things take care of themselves.” This chapter is all about practical steps you should take to make your 3-year goals much more achievable.

Chapter 9: Putting It All Together

This chapter provides an Organizational Checkup list (page 203 to 205) to help you rate each facet of your business operation. That way you’ll know which ones need to be adjusted, improved or changed completely, to avoid bigger problems down the road. I find the list very helpful because you can use it to review your company’s overall performance, quarterly or semi-annually. As the old saying goes, “What gets measured, gets done.”

Chapter 10: Getting Started

This is a short chapter that reviews the 7 main tools discussed in the previous chapter in more detail, to help you kick-start implementing what you have learned from this book. This book is written in a way that makes me feel I’m working with a coach, who lays things out in a way that is easy for me to understand.

The number one thing I like about this book is the idea of the Entrepreneur Operating System (EOS). However, this book does not go into detail in explaining the EOS system to give the readers a full picture. You have to read their other book, entitled “What The Heck Is EOS?” to get the full scope of it. That book is short, you can finish it in one or two sittings, and I highly recommend you read it.

You may also like

https://bsport.fit https://onbet88.ooo https://i9bet.biz https://hi88.ooo https://okvip.at https://f8bet.at https://fb88.cash https://vn88.cash https://shbet.at multicanais xoso xoso tin chelsea thông tin chuyển nhượng câu lạc bộ bóng đá arsenal bóng đá atalanta bundesliga cầu thủ haaland UEFA everton xoso futebol ao vivo futemax multicanais onbet bóng đá world cup bóng đá inter milan tin juventus benzema la liga clb leicester city MU man city messi lionel salah napoli neymar psg ronaldo serie a tottenham valencia AS ROMA Leverkusen ac milan mbappe napoli newcastle aston villa liverpool fa cup real madrid premier league Ajax bao bong da247 EPL barcelona bournemouth aff cup asean football bên lề sân cỏ báo bóng đá mới bóng đá cúp thế giới tin bóng đá Việt UEFA báo bóng đá việt nam Huyền thoại bóng đá giải ngoại hạng anh Seagame tap chi bong da the gioi tin bong da lu trận đấu hôm nay việt nam bóng đá tin nong bong da Bóng đá nữ thể thao 7m 24h bóng đá bóng đá hôm nay the thao ngoai hang anh tin nhanh bóng đá phòng thay đồ bóng đá bóng đá phủi kèo nhà cái onbet bóng đá lu 2 thông tin phòng thay đồ the thao vua app đánh lô đề dudoanxoso xổ số giải đặc biệt hôm nay xổ số kèo đẹp hôm nay ketquaxoso kq xs kqxsmn soi cầu ba miền soi cau thong ke sxkt hôm nay thế giới xổ số xổ số 24h xo.so xoso3mien xo so ba mien xoso dac biet xosodientoan xổ số dự đoán vé số chiều xổ xoso ket qua xosokienthiet xoso kq hôm nay xoso kt xổ số mega xổ số mới nhất hôm nay xoso truc tiep xoso Việt SX3MIEN xs dự đoán xs mien bac hom nay xs miên nam xsmientrung xsmn thu 7 con số may mắn hôm nay KQXS 3 miền Bắc Trung Nam Nhanh dự đoán xổ số 3 miền dò vé số du doan xo so hom nay ket qua xo xo ket qua xo so.vn trúng thưởng xo so kq xoso trực tiếp ket qua xs kqxs 247 số miền nam s0x0 mienbac xosobamien hôm nay số đẹp hôm nay số đẹp trực tuyến nuôi số đẹp xo so hom qua xoso ketqua xstruc tiep hom nay xổ số kiến thiết trực tiếp xổ số kq hôm nay so xo kq trực tuyen kết quả xổ số miền bắc trực tiếp xo so miền nam xổ số miền nam trực tiếp trực tiếp xổ số hôm nay ket wa xs KQ XOSO xoso online xo so truc tiep hom nay xstt so mien bac trong ngày KQXS3M số so mien bac du doan xo so online du doan cau lo xổ số keno kqxs vn KQXOSO KQXS hôm nay trực tiếp kết quả xổ số ba miền cap lo dep nhat hom nay soi cầu chuẩn hôm nay so ket qua xo so Xem kết quả xổ số nhanh nhất SX3MIEN XSMB chủ nhật KQXSMN kết quả mở giải trực tuyến Giờ vàng chốt số Online Đánh Đề Con Gì dò số miền nam dò vé số hôm nay so mo so de bach thủ lô đẹp nhất hôm nay cầu đề hôm nay kết quả xổ số kiến thiết toàn quốc cau dep 88 xsmb rong bach kim ket qua xs 2023 dự đoán xổ số hàng ngày Bạch thủ đề miền Bắc Soi Cầu MB thần tài soi cau vip 247 soi cầu tốt soi cầu miễn phí soi cau mb vip xsmb hom nay xs vietlott xsmn hôm nay cầu lô đẹp thống kê lô kép xổ số miền Bắc quay thử xsmn xổ số thần tài Quay thử XSMT xổ số chiều nay xo so mien nam hom nay web đánh lô đề trực tuyến uy tín KQXS hôm nay xsmb ngày hôm nay XSMT chủ nhật xổ số Power 6/55 KQXS A trúng roy cao thủ chốt số bảng xổ số đặc biệt soi cầu 247 vip soi cầu wap 666 Soi cầu miễn phí 888 VIP Soi Cau Chuan MB độc thủ de số miền bắc thần tài cho số Kết quả xổ số thần tài Xem trực tiếp xổ số XIN SỐ THẦN TÀI THỔ ĐỊA Cầu lô số đẹp lô đẹp vip 24h soi cầu miễn phí 888 xổ số kiến thiết chiều nay XSMN thứ 7 hàng tuần Kết quả Xổ số Hồ Chí Minh nhà cái xổ số Việt Nam Xổ Số Đại Phát Xổ số mới nhất Hôm Nay so xo mb hom nay xxmb88 quay thu mb Xo so Minh Chinh XS Minh Ngọc trực tiếp hôm nay XSMN 88 XSTD xs than tai xổ số UY TIN NHẤT xs vietlott 88 SOI CẦU SIÊU CHUẨN SoiCauViet lô đẹp hôm nay vip ket qua so xo hom nay kqxsmb 30 ngày dự đoán xổ số 3 miền Soi cầu 3 càng chuẩn xác bạch thủ lô nuoi lo chuan bắt lô chuẩn theo ngày kq xo-so lô 3 càng nuôi lô đề siêu vip cầu Lô Xiên XSMB đề về bao nhiêu Soi cầu x3 xổ số kiến thiết ngày hôm nay quay thử xsmt truc tiep kết quả sxmn trực tiếp miền bắc kết quả xổ số chấm vn bảng xs đặc biệt năm 2023 soi cau xsmb xổ số hà nội hôm nay sxmt xsmt hôm nay xs truc tiep mb ketqua xo so online kqxs online xo số hôm nay XS3M Tin xs hôm nay xsmn thu2 XSMN hom nay xổ số miền bắc trực tiếp hôm nay SO XO xsmb sxmn hôm nay 188betlink 188 xo so soi cầu vip 88 lô tô việt soi lô việt XS247 xs ba miền chốt lô đẹp nhất hôm nay chốt số xsmb CHƠI LÔ TÔ soi cau mn hom nay chốt lô chuẩn du doan sxmt dự đoán xổ số online rồng bạch kim chốt 3 càng miễn phí hôm nay thống kê lô gan miền bắc dàn đề lô Cầu Kèo Đặc Biệt chốt cầu may mắn kết quả xổ số miền bắc hôm Soi cầu vàng 777 thẻ bài online du doan mn 888 soi cầu miền nam vip soi cầu mt vip dàn de hôm nay 7 cao thủ chốt số soi cau mien phi 777 7 cao thủ chốt số nức tiếng 3 càng miền bắc rồng bạch kim 777 dàn de bất bại on news ddxsmn 188bet w88 w88 789bet tf88 sin88 suvip sunwin tf88 five88 12bet sv88 vn88 Top 10 nhà cái uy tín sky88 iwin lucky88 nhacaisin88 oxbet m88 vn88 w88 789bet iwin f8bet rio66 rio66 lucky88 oxbet vn88 188bet 789bet May-88 five88 one88 sin88 bk8 8xbet oxbet MU88 188BET SV88 RIO66 ONBET88 188bet M88 M88 SV88 Jun-68 Jun-88 one88 iwin v9bet w388 OXBET w388 w388 onbet onbet onbet onbet88 onbet88 onbet88 onbet88 onbet onbet onbet onbet qh88 mu88 Nhà cái uy tín pog79 vp777 vp777 vipbet vipbet uk88 uk88 typhu88 typhu88 tk88 tk88 sm66 sm66 me88 me88 8live 8live 8live sm66 me88 win79 8live sm66 me88 win79 pog79 pog79 vp777 vp777 uk88 uk88 tk88 tk88 luck8 luck8 kingbet86 kingbet86 k188 k188 hr99 hr99 123b 8xbetvn vipbet sv66 zbet taisunwin-vn typhu88 vn138 vwin vwin vi68 ee88 1xbet rio66 zbet vn138 i9betvip fi88club cf68 onbet88 ee88 typhu88 onbet onbetkhuyenmai 12bet-moblie 12betmoblie taimienphi247 vi68clup cf68clup vipbet i9bet qh88 onb123 onbef soi cầu nổ hũ bắn cá đá gà đá gà game bài casino soi cầu xóc đĩa game bài giải mã giấc mơ bầu cua slot game casino nổ hủ dàn đề Bắn cá casino dàn đề nổ hũ tài xỉu slot game casino bắn cá đá gà game bài thể thao game bài soi cầu kqss soi cầu cờ tướng bắn cá game bài xóc đĩa AG百家乐 AG百家乐 AG真人 AG真人 爱游戏 华体会 华体会 im体育 kok体育 开云体育 开云体育 开云体育 乐鱼体育 乐鱼体育 欧宝体育 ob体育 亚博体育 亚博体育 亚博体育 亚博体育 亚博体育 亚博体育 开云体育 开云体育 棋牌 棋牌 沙巴体育 买球平台 新葡京娱乐 开云体育 mu88 qh88