It’s the back half of 2021. Remember back in April of 2020 when they were talking about a year from now and that seemed forever away? Well, we’re past that and halfway through the following year actually. Covid time is a freaky thing – there are many things I’m not quite sure if they happened two weeks ago or 4 years ago. There should be a name for it.
I digress.
Modes
I want to introduce something that Arlin and Scott have been working on for about a year in the growth department. It’s in beta and still being formed and named but right now it’s called “Modes.” We’ll be referencing Modes quite a bit going forward in Evolve as part of a bigger picture framework we’re working on. You can think of Modes as the operating position or mindset of the owner of a business.
There are four "modes" total:
Startup Mode – when you’re in a street fight for legitimacy, living your business life day to day and focusing on just staying viable.
Balance Builder Mode – you want and have success, but you’re not willing to trade the your personal lifestyle to achieve financial success. Another way to look at Balance Builder mode is one who is taking funds from the business and investing to fund the future rather than leaving it in the business to maximize business value on the balance sheet.
Value Builder Mode – you’re focused on creating consistent increases in business value over time - growth focused along with strong profitability.
Kingdom Builder Mode – you’re putting the business valuation focus on steroids by looking to hockey stick the value even if it means higher risk, M&A, whatever it takes to increase the value of the business.
What To Expect Around Modes in Q3:
We’re going to do an exercise in Q3 where we ask you to take a quick assessment and then ask facilitators to have a discussion around Modes. We’re looking for you to provide some feedback into a framework that will shape conversations in the Evolve rooms, how ConnectWise looks at partners and help us determine what content and services we need to create to help you move forward.
That’s it for Modes for now – we’ll be talking more about this in upcoming videos.
Don’t Forget!
- IT Nation Explore is just around the corner (July 22-Aug 12) – it’s totally free, so get you and your team registered to attend this 3 week virtual conference where each week we'll be focusing on a different aspect of your business including Sales & Marketing, Finance & Operations and Service Delivery. Get registered here.
- If you’re heading to Denver’s Q3 Meeting, make sure to get signed up for either our Golf Tourney or our Charity Event (Build a wagon/bear) – more details here.
Thanks for being a part of Evolve – stay healthy and lead strong!
- Brad