<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

When It’s Time To Sell Your Business
Jul. 15, 2021 | Posted by The Alternative Board
After all the hard work that goes into starting and maintaining a business, deciding years later to sell that business can be among the biggest challenges in a CEO or business owner’s career. You’re...
A Guide For CEOs —11 Ways To Make An Impact In Your First 90 days
Jul. 13, 2021 | Posted by The Alternative Board
Your first 90 days as CEO will set the tone for your entire tenure in the organization. Therefore, this is a crucial time, and the goal is to establish your credibility and trust, so the team and the...
Tuna not Perch- Pursuing Significance
Jul. 13, 2021 | Posted by Jim Gerberman
It's hard to imagine a more difficult time for being an effective business leader. Correspondingly, finding significance in what we do has never seemed more fleeting...and, necessary. As we all...
A Guide to Finding the Right Peer Advisory Group For Your Needs
Jul. 6, 2021 | Posted by Phil Spensieri
As business leaders, we all know it can be “lonely at the top”. This is one of the key reasons that so many entrepreneurs seek out a peer advisory group - an organization whose main purpose is to...
13 Lessons In What NOT To Do In Your Business
Jun. 9, 2021 | Posted by The Alternative Board
There are many things successful business owners consciously steer clear of while going about running and growing their business. We asked 13 TAB members what they believe entrepreneurs should...
Let Employee Recognition Drive Your Culture
Jun. 4, 2021 | Posted by The Alternative Board
All businesses claim to value their employees and to be committed to a culture that recognizes and rewards employee achievements. But success in this effort may be elusive, particularly if employers...
14 Habits Of Highly Successful Business Owners
May. 21, 2021 | Posted by The Alternative Board
Success doesn't happen by chance. Highly successful entrepreneurs share many habits, and they often incorporate small practices into their daily routine. We asked our TAB members what habits have...
Use Your Company Culture as a Competitive Advantage
May. 18, 2021 | Posted by The Alternative Board
Every business needs a competitive edge, whether it’s in the quality of their products or services, their dedication to customers, or some other aspect they can leverage to outdo their competitors....
When the Time Comes to Fire a Family Member
May. 11, 2021 | Posted by The Alternative Board
Terminating an employee isn’t something business owners and CEOs relish. When the situation demands some drastic action, however, it’s necessary to follow through for the good of the business. The...
17 Essential Traits of Successful Entrepreneurs - Part 2
May. 10, 2021 | Posted by The Alternative Board
In our last post, we began to review 17 Essential Traits of Successful Entrepreneurs. Here we will continue looking at additional great tips from the TAB community.  #8 Endurance in the face of...