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Ep. 238: Josh Fonger - Creating a Systems-Minded Organization

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Contenu fourni par IMA® (Institute of Management Accountants). Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par IMA® (Institute of Management Accountants) ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Join host Adam Larson as he sits down with the brilliant entrepreneur and CEO of WTS Enterprises, Josh Fonger. In this episode, Josh delves into the captivating topic of the systems mindset for entrepreneurs and business owners. Uncover the secrets behind working on your business rather than in it and discover how this shift can drive exponential growth and success. Josh, with his wealth of knowledge and experience, reveals how business owners can streamline and optimize their processes, increasing profits and reducing time. If you're ready to take your business to the next level, don't miss this dynamic conversation with Josh Fonger.

Full Transcript:
< Intro >

Adam: Welcome back to another episode of Count Me In. I'm your host, Adam Larson, and I'm thrilled to have our special guest with us today, Josh Fonger. Josh is an experienced entrepreneur and the CEO of WTS Enterprises. In today's episode, Josh will enlighten us on the crucial difference between working in your business versus working on it. And why this shift is essential for growth, particularly, for business owners and entrepreneurs.

We'll discuss how getting caught up by day-to-day operations can hinder business growth, innovations, and long-term vision. Josh is an expert in helping companies navigate this challenge, by utilizing the Work the System, or WTS, method. He emphasizes the importance of backfilling our current tasks and responsibilities.

So we can jump ahead and lead our organizations effectively. But it's not just about the concept. Josh provides practical insight, on how to take action and implement a systematic approach to run a business. So get ready and gain some valuable insights, tips, and strategies. As we explore the power of a systems mindset, with our incredible guest. Let's dive right in.

< Music >

Adam: Josh, I want to thank you so much for coming on the podcast. Really excited to talk about entrepreneurs, and that systems mindset that you talk about. But to get started, maybe, we can start by discussing the difference of working in your business versus working on it, and why that's essential for growth, especially, for business owners and entrepreneurs?

Josh: Yes, and this is not a new concept. I think people have been aware of this, heard this, for decades. Popularized by The E Myth, Michael Gerber's, bestselling book. And the key thing that I do is help companies, actually, make that happen. The big the big issue, of course, whether it's a manager, an owner, or a CEO, is that they are doing the work as a technician, instead of leading the work or growing the organization.

And, so, that's the key thing, is that if you're doing the work, then no one is doing the business growth, no one's doing the innovation, no one's doing the expansion. No one's casting the vision for the next series of years. Instead, they're talking about the next five minutes, and maybe the next five hours, and that's really the issue is that companies stay stuck when they're looking short term.

And, so, what I focus in on is helping, mechanically, because it's more than just an idea. They need to think differently, but then they, actually, have to take different actions. Is help business owners and leaders take those actions, in a methodical, mechanical way, so that they're backfilling what they're currently doing. Because you can't just jump ahead somebody's got to do the work.

And, so, there needs to be a way, which we call working the system, or the WTS method, a way to backfill what you're currently doing. So you can jump ahead and lead the organization.

And, the idea, again, simple enough, work on the business instead of in the business. But, mechanically, and infrastructure-wise, to do that takes some heavy lifting, some rolling up of the sleeves. That's what we want all of our clients to get is that, there's a process you can take. And if you work the process, you work your systems, that freedom and that growth will become a mechanical reality.

Adam: So maybe we can dig in in a little bit more into this work, this system method that you're talking about. I know that you have a book, that we'll put a link in the show notes for everybody, maybe, you can talk a little bit more about that. How does that enable your business owners to do things like increase profits, reduce time? I know those are a lot of things that you speak about, maybe we can talk a little more detail on that.

Josh: Yes, so everyone uses all their time, and everyone, essentially, uses all of their resources, and so you're bound by those. And, so, the way to expand your business, expand your life, is to do a better job with those resources. And, so, working the system is all about getting more efficient. And, so, how do we do that? Well, we help people not just react to the problems of their business or the stimuli that's coming their way. But instead, take charge or take control of the systems that they know are going to keep happening.

So instead of just reacting to a phone call coming in. Instead, manage or control that system, so that you and your team know how to answer the call, to be the best with it. And let's just say answering the phone is one of 300 different systems that maybe your company has. And instead of winging each system and following it the way you've always done it before.

If you take the time to look at each system, as a separate entity, and then figure out what is the best way to make it the fastest, the lowest cost, the highest efficiency, the highest profitability. What are the ways we can optimize each of those little pieces, which can be done if they're written down and looked at, objectively? You're going to find that the assemblage of those separate pieces are going to result, we're talking to math folks here, accountants, the result is going to be a much better business.

It's not going to be surprise when your company is running way better, way more profitably, when the separate pieces, that make up your business, are each improved by 5%, 10%, 20%. Each of these pieces are then going to equate to a multiple of what you ever thought possible. Because we work with companies, everyone's already working hard. Everyone's already doing their best.

And, so, we let them know, "You have to work differently, if you're going to expand beyond your current best." Because everyone's already trying their best. Everyone's already working hard, everyone's already maxed out.

So knowing that plateau is already reached, in the organizations we work with, the goal is, "Okay, well, now we're going to have to work differently. We're going to have to work in a different way." And that's going to be working on these separate systems.

Adam: So a lot of times when you say the word systems, people think these are different softwares that I'm using, or different things like that. But you're talking systems as more of all the processes that...

  continue reading

325 episodes

Artwork
iconPartager
 
Manage episode 379922081 series 2538467
Contenu fourni par IMA® (Institute of Management Accountants). Tout le contenu du podcast, y compris les épisodes, les graphiques et les descriptions de podcast, est téléchargé et fourni directement par IMA® (Institute of Management Accountants) ou son partenaire de plateforme de podcast. Si vous pensez que quelqu'un utilise votre œuvre protégée sans votre autorisation, vous pouvez suivre le processus décrit ici https://fr.player.fm/legal.

Join host Adam Larson as he sits down with the brilliant entrepreneur and CEO of WTS Enterprises, Josh Fonger. In this episode, Josh delves into the captivating topic of the systems mindset for entrepreneurs and business owners. Uncover the secrets behind working on your business rather than in it and discover how this shift can drive exponential growth and success. Josh, with his wealth of knowledge and experience, reveals how business owners can streamline and optimize their processes, increasing profits and reducing time. If you're ready to take your business to the next level, don't miss this dynamic conversation with Josh Fonger.

Full Transcript:
< Intro >

Adam: Welcome back to another episode of Count Me In. I'm your host, Adam Larson, and I'm thrilled to have our special guest with us today, Josh Fonger. Josh is an experienced entrepreneur and the CEO of WTS Enterprises. In today's episode, Josh will enlighten us on the crucial difference between working in your business versus working on it. And why this shift is essential for growth, particularly, for business owners and entrepreneurs.

We'll discuss how getting caught up by day-to-day operations can hinder business growth, innovations, and long-term vision. Josh is an expert in helping companies navigate this challenge, by utilizing the Work the System, or WTS, method. He emphasizes the importance of backfilling our current tasks and responsibilities.

So we can jump ahead and lead our organizations effectively. But it's not just about the concept. Josh provides practical insight, on how to take action and implement a systematic approach to run a business. So get ready and gain some valuable insights, tips, and strategies. As we explore the power of a systems mindset, with our incredible guest. Let's dive right in.

< Music >

Adam: Josh, I want to thank you so much for coming on the podcast. Really excited to talk about entrepreneurs, and that systems mindset that you talk about. But to get started, maybe, we can start by discussing the difference of working in your business versus working on it, and why that's essential for growth, especially, for business owners and entrepreneurs?

Josh: Yes, and this is not a new concept. I think people have been aware of this, heard this, for decades. Popularized by The E Myth, Michael Gerber's, bestselling book. And the key thing that I do is help companies, actually, make that happen. The big the big issue, of course, whether it's a manager, an owner, or a CEO, is that they are doing the work as a technician, instead of leading the work or growing the organization.

And, so, that's the key thing, is that if you're doing the work, then no one is doing the business growth, no one's doing the innovation, no one's doing the expansion. No one's casting the vision for the next series of years. Instead, they're talking about the next five minutes, and maybe the next five hours, and that's really the issue is that companies stay stuck when they're looking short term.

And, so, what I focus in on is helping, mechanically, because it's more than just an idea. They need to think differently, but then they, actually, have to take different actions. Is help business owners and leaders take those actions, in a methodical, mechanical way, so that they're backfilling what they're currently doing. Because you can't just jump ahead somebody's got to do the work.

And, so, there needs to be a way, which we call working the system, or the WTS method, a way to backfill what you're currently doing. So you can jump ahead and lead the organization.

And, the idea, again, simple enough, work on the business instead of in the business. But, mechanically, and infrastructure-wise, to do that takes some heavy lifting, some rolling up of the sleeves. That's what we want all of our clients to get is that, there's a process you can take. And if you work the process, you work your systems, that freedom and that growth will become a mechanical reality.

Adam: So maybe we can dig in in a little bit more into this work, this system method that you're talking about. I know that you have a book, that we'll put a link in the show notes for everybody, maybe, you can talk a little bit more about that. How does that enable your business owners to do things like increase profits, reduce time? I know those are a lot of things that you speak about, maybe we can talk a little more detail on that.

Josh: Yes, so everyone uses all their time, and everyone, essentially, uses all of their resources, and so you're bound by those. And, so, the way to expand your business, expand your life, is to do a better job with those resources. And, so, working the system is all about getting more efficient. And, so, how do we do that? Well, we help people not just react to the problems of their business or the stimuli that's coming their way. But instead, take charge or take control of the systems that they know are going to keep happening.

So instead of just reacting to a phone call coming in. Instead, manage or control that system, so that you and your team know how to answer the call, to be the best with it. And let's just say answering the phone is one of 300 different systems that maybe your company has. And instead of winging each system and following it the way you've always done it before.

If you take the time to look at each system, as a separate entity, and then figure out what is the best way to make it the fastest, the lowest cost, the highest efficiency, the highest profitability. What are the ways we can optimize each of those little pieces, which can be done if they're written down and looked at, objectively? You're going to find that the assemblage of those separate pieces are going to result, we're talking to math folks here, accountants, the result is going to be a much better business.

It's not going to be surprise when your company is running way better, way more profitably, when the separate pieces, that make up your business, are each improved by 5%, 10%, 20%. Each of these pieces are then going to equate to a multiple of what you ever thought possible. Because we work with companies, everyone's already working hard. Everyone's already doing their best.

And, so, we let them know, "You have to work differently, if you're going to expand beyond your current best." Because everyone's already trying their best. Everyone's already working hard, everyone's already maxed out.

So knowing that plateau is already reached, in the organizations we work with, the goal is, "Okay, well, now we're going to have to work differently. We're going to have to work in a different way." And that's going to be working on these separate systems.

Adam: So a lot of times when you say the word systems, people think these are different softwares that I'm using, or different things like that. But you're talking systems as more of all the processes that...

  continue reading

325 episodes

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