<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=349935452247528&amp;ev=PageView&amp;noscript=1">
Search
word-map-thumb

The Alternative Board Blog

Driving Critical Success Factor – Your Business's One Thing

Jun. 18, 2013 | Posted by The Alternative Board

As a business owner, you probably feel like the Red Queen from Lewis Carroll's "Through the Looking Glass." At one point, the Red Queen's says, "It takes all the running you can do, to keep in the same place." The Red Queen has to stay perpetually active, otherwise she will fall behind.

Business owners can relate. The good news is, there is a better way.

At TAB, business advisory services, we have a Strategic Business Leadership (SBL)® program. Strategic Business Leadership helps business owners achieve their company vision which is aligned with their personal vision. A key element to the process is to identify the Critical Success Factors or CSFs.

Want additional insight? Download Setting KPIs for Business Success now to learn more

DOWNLOAD

CSFs are factors that are most important to achieving your business vision. It takes a great deal of consideration, reflection, and prioritization to determine your CSFs.

Strategic Business Leadership takes this one step further. It asks business owners to identify their Driving Critical Success Factor, or DCSF.  Think of your DCSF as your "one thing."

Do you remember this scene from the movie City Slickers?

Curly: Do you know what the secret of life is? (He holds up one finger.) "This."

Mitch: Your finger?

Curly: One thing. Just one thing. You stick to that and the rest don't means.

Mitch: But, what is the "one thing?"

Curly: That's what you have to find out.

Strategic Business Leadership does indeed help you find out your DCSF.

How does your DCSF address the Red Queen syndrome? It provides the beacon to keep coming back to as you evaluate opportunities and make decisions. As Stephen Covey advises, Put First Things First. That is, focus on importance rather than urgency. Your DCSF provides you with the mechanism to focus on what is important. It prevents the tyranny of the urgent.

We'll dig deeper into DCSFs in next week's post.  In the meantime, hold up your finger.  What is YOUR "one thing?"

Read our 19 Reasons You Need a Business Owner Advisory Board

DOWNLOAD

Written by The Alternative Board

Related posts

How to Sell During Times of Uncertainty
May. 6, 2021 | Posted by Phil Spensieri
If your business is struggling right now, you may be wondering if there’s anything you can do to improve your sales. While there’s no guarantee that any specific strategy will accomplish this during...
Managing Family Business Conflicts
Apr. 29, 2021 | Posted by The Alternative Board
Small business owners and CEOs have plenty to contend with as part of their normal daily operations. When the business is family-owned, a different crop of challenges may emerge. That’s because “the...
Tips on Effective Business Succession Planning
Apr. 27, 2021 | Posted by The Alternative Board
With many family businesses, the time to think about succession planning starts on Day One. It’s a complicated subject, sometimes fraught with emotional baggage, but is critically important,...
6 Tips on Making a Family Business Partnership Work
Apr. 20, 2021 | Posted by The Alternative Board
We often hear stories about the difficulties of making a family business partnership successful. Yes, there are unique hurdles that differ from other types of business models, but with the right...
Tips on Achieving the Elusive Work-Life Balance
Apr. 16, 2021 | Posted by The Alternative Board
Among CEOs and business leaders, the search for the best work-life balance has been going on for years. Only recently has the crucial importance of this balance become crystal-clear for everyone....
Time-Saving Tips for Hyper-Busy Business Leaders
Apr. 13, 2021 | Posted by The Alternative Board
There may be only 24 hours in a day, but with effective time management, business leaders can get a lot done within that limited timeframe. The key is taking steps to eliminate clutter and...
How to Build Employee Culture with a Remote Team
Apr. 6, 2021 | Posted by Phil Spensieri
Whether your staff have been working from home for the past year or rotating between home and the office, there is no doubt that for most of us there has been a change in our working environment....
4 Tips for Maximizing Time, Your Most Valuable Resource
Mar. 25, 2021 | Posted by The Alternative Board
Some CEOs and business leaders have an innate ability to manage their time efficiently. But many others have to learn new habits of time-management and work hard to reinforce these habits in their...
10 Ways Business Leaders Get More Time In Their Day
Mar. 12, 2021 | Posted by The Alternative Board
Are you spending too much time managing your business and not enough time building it?  You are not alone. This is a systemic problem, and most entrepreneurs succumb to the daily grind, leaving...
Tips on Going Paperless in 2021
Mar. 11, 2021 | Posted by The Alternative Board
Businesses seeking to economize, as the world slowly recovers from the COVID-19 pandemic, should take a close look at going completely paperless in the workplace. Is this really a worthwhile goal?...