Best Practices

Who’s on Your Bus?

In his classic Good to Great: Why Some Companies Make the Leap and Others Don't, author Jim Collins wrote that successful companies “first got the right people on the bus (and the wrong people off the bus) and then figured out where to drive it.” More simply, he said that great companies think, “First who…then what.”

The logical follow-up question is: “How do you know who should be on the bus?”
There are three areas to consider: Virtues, Values and Vision.

Virtues represent who the person is and how they behave. According to Patrick Lencioni, the best team members are those who are humble, hungry and smart. The humble team member emphasizes team over self and defines success collectively rather than individually. The hungry team member is always looking for more: more knowledge, more opportunities and more growth. Lencioni defines “smart” as having common sense about people, similar to emotional intelligence.

Values refer to what the person believes and deems important. Does the team member (or potential team member) value the same things as the rest of the group? These core values or beliefs could include:

  • Commitment to excellence
  • How you work with clients and each other
  • The role of financial planning
  • Beliefs about investing
  • How you market and grow your practice
  • How you set expectations and fulfill commitments

A clear Vision allows the team to enthusiastically say “Yes!” to the actions that will help it grow while confidently saying “No!” to everything else. When the ideal team member’s personal vision aligns with the team’s vision, it leads to shared success. Management guru Peter Drucker has been quoted as saying “Culture eats strategy for breakfast.” Who’s on your bus?

 

Brought to you by Pathfinder Coaching & Consulting, https://pathfinderadvisor.com/.

 

The representations and opinions herein are the opinions and view of Pathfinder Coaching & Consulting and are not the opinions or views of EQIS. The information is believed to be reliable but is neither guaranteed by EQIS nor any of its affiliates. EQIS and Pathfinder Coaching & Consulting are not affiliated. EQIS is not responsible for the content or availability of the third-party websites made available. EQIS is not an agent for the third-party websites nor do we endorse, approve or guarantee their products, services or representations. The websites are provided for convenience only and are not under the control of EQIS. The security and privacy policies of the third-party websites may be different from EQIS’s Terms of Use and Privacy Policy. Contact the external websites for answers to questions regarding the content.

 

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