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16. Using The Hedgehog Concept To Get Crystal Clear on Your Mission
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In this week's episode of The Chad James Show, we're diving into the concept of the hedgehog. Do you struggle with focus and finding your core business model? Listen in as we break down the hedgehog concept and how it can transform your small business into a well-oiled, focused machine.
Key Takeaways:
- Find Your Passions: Discover what truly ignites your passion and motivates you. Understand your team's passions and align them with your organization's mission and values.
- Understand Your Core Competencies: Identify what your organization does best and be honest about your weaknesses. Leverage tools like SWOT analysis to reveal your strengths and areas where you can excel.
- Discover Your Economic Engine: Determine the single economic denominator that drives sustained cash flow and profitability for your business. Southwest Airlines' example of profit per airplane underscores the power of this approach.
Tune in for a deeper dive into the hedgehog concept and learn how to apply it to your business for increased success and focus.
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