The Entrepreneurial Operating System with Loraine Hardin
Running a business is incredibly complex and there are many ways a company can fail. Today on All Up In My Lady Business, we are joined by business coach, Loraine Hardin to discuss how the implementation of EOS can secure a company’s success. Tuning in, you’ll hear all about how Loraine’s entrepreneurial family inspired her to become a coach, how she found EOS, why fear and scarcity should be replaced with love and abundance, the importance of hiring the right people in the right spots in your business, making firing simpler, and so much more! We delve into Loraine’s ideal client before she tells us about the small business ‘black hole’ that occurs at around three to five million in profit. We even discuss how different generations clash in business today, how EOS works for very small businesses, how businesses shoot themselves in the foot, and more! Finally, Loraine tells us about her family’s mink farm. Thanks for listening in!
Key Points From This Episode:
- Introducing our guest on the show today, Loraine Hardin.
- What made her interested in coaching and how she knew she had what it takes.
- When the idea of EOS entered Loriane’s career and what fascinated her about it.
- The dangers of scarcity and fear and the importance of having an abundance mindset.
- Loraine talks about how to get the right people in the right seats in your business.
- How to get people to the point where they can take direct reports quickly.
- Why firing people is so difficult, why it should be that way, and how to make it simpler.
- The ideal client for Loraine and how she tells her clients when they have a bad apple.
- She explains ‘the black hole’ that small businesses encounter and how to get out of it.
- How to balance how you run your business while starting to step away as it grows.
- Loraine outlines some of the generational issues businesses are experiencing right now.
- How EOS works for businesses with fewer than five employees and the growth Loraine sees.
- Some ways an organization can fail at the goal of creating ‘rocket fuel’ in order to grow.
- Loraine tells us about the mink farm she was born on and how it affected her family’s income.
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Links Mentioned in Today’s Episode:
Find out more about Loraine Hardin and her business, Professional EOS Implementer
Follow Loraine Hardin on LinkedIn
Check out the EOS book, Traction on Amazon
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