Three transformations every business owner must make to
join the ranks of the best managed and most profitable companies in business today
You must transform yourself from technical expert to master strategist.
You must transform yourself from an instinctual decision-maker to a fact-based
decision-maker. The key to success in business is to manage by fact rather than expediency:
Gather information
Weigh the costs and benefits
Assess the risk
Take action
You must transform the business from a partnership model to a functional
responsibility decision-making model. The person with functional responsibility
must make all the decisions within their area of responsibility. Owners should
be involved only when the risks are high.
