The Power of Many
One of my business colleagues, Suzanne Huber, is fond of say that it’s amazing what can happen when you put smart people together and start a conversation. How right she is was proven once again last week when the members of my CEO group got together for their regular CEO Advisory Meeting.
The quality of the conversation was amazing. It started in the person of Anne Graham from the Legendary Value Institute in Vancouver, a terrific resource person and regular speaker on the TEC Canada circuit. She brought an interesting and provocative look at strategies to increase revenue and profitability. In particular she urged the members to add a new KPI metric to their dashboards, that of the P/E ratio, or profitability per employee.
Later in the day, members rolled up their sleeves and got to work solving some of their toughest business issues. This is where the power of many came into focus. One of the keys to business success is to lever the knowledge and skills of others as much as you possibly can. That is exactly what the group did as issues were tabled and the collective ideas and input from the group brought fresh thinking and new possible solutions into focus.
If you are in business, then you know the struggles that occur and how lonely it can be at the top. It begs the question, why would you ever want to do this alone. If you are in a group like this currently, you know what I mean. If you aren’t, then you are probably missing out on the very thing you need to make your business rock.