The importance of Business Rhythm for Great Growth Companies
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Jamie owned an auto body shop that was struggling due to lack of communication and cooperation between employees. He started holding weekly staff breakfast meetings to discuss the previous week and plan for the next week. This improved communication and reduced crises. Profits increased by 20% over the previous quarter and the backlog shrank by 50%. Jamie continued implementing regular meetings and routines into the business, which helped it run more smoothly.
The importance of Business Rhythm for Great Growth Companies
- 1. Once upon a Time. Jamie owned a panelbeating and spray painting shop. He employed about 18 people The business ran from brushfire to crisis AND CO-OPERATION WAS THE CAUSE LACK OF COMMUNICATION SO JAMIE STARTED A WEEKLY STAFF BREAKFAST TO DISCUSS A RECAP OF LAST WEEK AND A PLAN FOR NEXT WEEK TO HELP THEM IMPROVE PROFITS WOULD GET LOST IN THE DAILY AND WEEKLY EFFORTS TO FIX THINGS THAT WENT WRONG LITERALLY IN WEEKS THE CRISES DROPPED OFF AND THE MOOD IN THE SHOP TOTALLY CHANGED 2009 2010 2011 2012 PROFITS JAMIE COULDNT BELIEVE HIS EYES WHEN HIS NEXT PROFIT AND LOSS SHOWED AN INCREASE IN NET PROFIT OF 20% OVER THE PREVIOUS QUARTER 20% The next month, the numbers were just as staggering and the backlog had shrunk by 50%. In the ensuing years, Jamie has extended the lessons from those breakfast meetings and implemented all kinds of rhythms into the business. And they all lived happily ever after. MOST OF THE TIME MOOD C R I S I S