3 Invaluable Lessons from Mike Paton
- It is important that the leadership in your organization is aligned on what the vision is and works together to achieve it.
- It’s critical to put the “right people” in the “right seats” for your team to be successful.
- It is important to have a healthy cohesive, functional, open and honest leadership team.
This week, host Sue Dyer speaks with Mike Paton, who is the Visionary at EOS Worldwide. He has spent his life working with Entrepreneurs and what he has to teach us from the project level, the organizations level, and personal level is invaluable.
Paton’s Journey to Becoming a Visionary for EOS (03:32)
He grew up in a family of entrepreneurs, but ended up working in the traditional banking arena for a number of years. He ventured out on four endeavors as an entrepreneur: two successes and two “train wrecks.” Paton found out he learned a lot more about himself through the train wrecks than the successes.
What is the EOS Model? (06:07)
- EOS is a simple way of operating an entrepreneurial company.
- The major pieces are Vision, Traction, and Healthy.
- Provides a framework for working cohesively through all levels of the team.
A Holistic Overview of EOS (08:05)
In EOS, every company that takes a journey through six key components: Vision, People, Data, Issues, Process, and Traction. There a number of tools and disciplines for leadership teams to strengthen all six of these key components of the EOS model.
Discussing “Vision”, the 1st Key Component to EOS (08:59)
- Making sure we get the vision out of the head of the owner, entrepreneur, or founder and aligned with the plan of the leadership team.
- Often there is “too much vision.”
- Allows for the sharing of each person’s vision followed by healthy productive conflict to implement the shared vision.
The Role of the Visionary and Other Leaders “At the Top” (10:16)
- The first thing we do is “fire” everyone in the organization.
- Focus on asking questions that best benefit the organization, not your needs – look at things from a structure first, people second viewpoint.
- Discuss the three major functions of every business: Marketing/Sales, Operations, and Finance/Admin.
- The Integrator is the fourth major function of business – the person who drives the day-to-day process and drives accountability among the other leadership team members.
- About half the time there is a fifth major function, the Visionary (often the founding entrepreneur).
Getting the “Right People” and Improving Your Team (16:06)
- Helping define what a “right” person is for your unique organization.
- Focus on placing the “right person” in the “right seat.”
- The People Analyzer Tool helps align the right people to the values of the organization.
Dealing With the “Issues” Component (21:26)
- Strengthening the issues solving ability of everyone in the organization.
- Both, being able to Recognize an issue with the courage to voice it and have the skills to solve the issues.
- Utilizing the “issues list” and “IDS: issue-solving track.”
- Change the culture from a “don’t shoot the messenger” mindset to a culture where people feel safe bringing up issues.
- Nothing defines a construction project better than the existence of, and need to, resolve issues.
The Most Common Errors with Teams and Organizations (24:43)
- The perception at “the top” is the acceptance of losing passion for the business.
- The assumption that everyone in the organization is “crystal clear” on vision and plan.
- The assumption that if people don’t get it immediately, it’s their fault.
What Makes Paton a Successful Leader? (26:35)
- He is passionate and driven to helping entrepreneurs.
- He focuses on EOS purity.
- His workmates who help and support him.
Paton’s Biggest Mistake/Learning Opportunity (29:09)
Moving his young family to place for an entrepreneurial venture that he hadn’t fully vetted the culture fit and leadership approach. I evaluated strictly on career move vs. culture fit and philosophy. It was the worst thing that could happen but it was also the best thing because it led Paton to EOS.
The Very Best Advice Paton Has Ever Received (31:18)
It’s more important to be effective than right. Get aligned and execute, while fixing mistakes together with your team.
Resources for Listeners
- The EOS Worldwide Website: the books (discounted), free tools, blogs, and Implementors.
- Book Recommendations:
Contact Paton through the EOS Worldwide Directory
Contact Paton by Email
Paton’s Parting Advice (35:00)
Never lose sight of what it is precisely what you want from your business. Never lose faith that it is possible. If you have loss sight or lost faith, write down what you want, clearly and explicitly, and use that to better manage your time and energy and your organization’s time and energy.
Visit the ConstructionDreamTeam.com/resources page to see all of our guests’ recommended books, websites, etc.
Remember…Construction Dream Team drops every Monday morning at 4 am PST. Please join us next week when Sue will interview another industry leader or expert so you can learn how to create your Construction Dream Team!