Business growth advisor Bill Flynn talks about how “regular” business owners can use the concept of the big, hairy, audacious goal to build their brands.
TOPICS DISCUSSED IN THIS EPISODE:
* We start off with Bill talking about why the Big, Hairy Audacious Goal is more of a consequence than a goal
* A goal has a tangible plan and path, and BHAGs often don’t
* Why you’ll regret decisions if you’re just growing for growth’s sake
* The two beacons that can ground you as your business grows
* Bill shares some “small giants” stories of companies that make the deliberate decision to stay small
* The 5 things your BHAG entails: purpose and passion, your core customer, your profit per X factor, and your core competencies
* Bill’s take on defining a great leader
* The effect of writing your vision down on your business’s success
* Why you should share your vision with as many people as possible
* Getting to the root of what your clients and employees really want–and why not enough leaders focus on this
* Why asking your customer what they want won’t always give you real answers
* Bill closes with the four kinds of BHAGs
QUOTABLES:
“One of the reasons many people don’t set a BHAG is because it’s scary. It’s audacious. You don’t know how you’re going to get there when you set it.” – @whfjrClick To Tweet
“If you do things that get growth but you don’t enjoy, over time when things get tough you’re more likely to quit or slack off.” – @whfjrClick To Tweet
“When you write your vision as if you’ve already made it, it’ll give you a lot of fodder for what your big, hairy, audacious goal will be.” – @whfjrClick To Tweet
“Everything else becomes harder when you don’t have some sort of vision written down because it’s much easier to work backward than it is forward. Most businesses are working forwards in increments, and that’s why most businesses…Click To Tweet
“When you share your vision, you’d be amazed at how relationships change with greater bonds and greater trust.