What Is EOS?
Updated: Oct 17, 2022
In this episode our guest, Daniel Felt, Owner of KURA Home, brings up EOS which stands for Entrepreneurial Operating System®, but what is EOS, why is it important, and why should an entrepreneur care?
I already stated what EOS stands for, Entrepreneurial Operating System®, so I am going to refer to it as EOS moving forward. First, what is EOS?
EOS is a complete set of simple concepts and practical tools that has helped thousands of entrepreneurs around the world get what they want from their businesses. EOS was developed by Gino Wickman who is an author, speaker, teacher, and entrepreneur.
Gino has actually written several books about EOS that you can find online and in various bookstores I am sure, but I am not here to sell anyone on a book. So what does EOS do?
EOS is not an operating system, it is a people operating system. According to EOS, implementing EOS will help the entrepreneur and the entrepreneur’s leadership team get better at three things:
Vision: everyone in the organizations is 100% on the same page with where the entrepreneur is going and how the entrepreneur plans to get there
Traction®: Instill focus, discipline, and accountability throughout the company so that everyone executes on that vision – every day
Healthy: Help the entrepreneurial leaders become a more cohesive, functional, healthy leadership team
How is this done and why is it important?
EOS works on taking work stuff and compartmentalizing it into short- and long-term categories. This ensures the employees know what needs to get done, when it needs to get done, and how much of a priority it is to get done.
The goal is to create a more efficient team that executes better. EOS breaks down their categories into 4 buckets:
1 year - Goals that need to be done this calendar year with 3 - 7 goals per year (less is more)
90 days - Rocks are the three to seven most important things you must get done in the next 90 days, with employees having one to three rocks per quarter and leadership typically having three to seven rocks per quarter
7 days - To-Do’s are any action item a team member commits to that must be completed within the next 7 days (capture these on a team’s to-do’s list)
Issues - Issues is for unresolved problems, ideas, and opportunities. These are items that need to be discussed and resolved. Issues has two sub compartments:
Long-term - issues that cannot get resolved this quarter (90 days)
Short-term - issues that must get resolved this quarter (90 days)
That is just one resource that comes with EOS. Their team helps define 10-year target™, 3-year picture™, and 1-year plan. They help create SMART goals which stand for Specific, Measurable, Attainable, Realistic, and Timely.
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