Using the Vision 2.0 Variable
Do you own a successful business? Is your plan to keep growing that business? If so, then then the Vision 2.0 Variable can help!
One of my favorite and simplest pieces of business advice is,
“What gets measured gets done.” – Lord Kelvin, Peter Drucker, and others...
It follows that if you want to take your business to the next level, you need to start measuring something. If your company is trying to break $1 million, $10 million, $50 million or $100 million in sales, you will need a variable to measure.
The power of a Vision 2.0 organization is how types of growth barriers are overcome. The Vision 2.0 Variable gives you a quantifiable way of measuring business transformation success. It helps business leaders measure their progress to the next level of business.
The Vision 2.0 Test
The Vision 2.0 test measures some very basic and key metrics. As an example, the first question on the Vision 2.0 test is about the owner’s vacation time,
“...how much time off can the owner take without getting a call about the business?”
If the owner (department head, manager, team lead or employee) is unable to take a vacation without getting a call, this is usually an indicator of a deeper problem in the organization.
The solution is often counter-intuitive and a barrier for 97% of businesses. Solving this problem will fix the deeper hidden business issues. What we find is that by solving the root problem we can:
- Put money back into the owners pocket
- Improve worker productivity
- Margins improve as business performance improves
- Allow owners, managers etc. to take their vacation time
The Vision 2.0 Variable
The Vision 2.0 test provides a Vision 2.0 Variable that shows how close the business is to the next level breakthrough.
For example, a Vision 2.0 Variable of 50% means that the organization is 50% from the next level breakthrough. A vision 2.0 Variable of 80% means that the organization is 20% from the next level organizational breakthrough. Each percentage point represents between 30 – 90 days of targeted (low risk) business improvement.
It’s easy to see how how long it should take a business to reach the next business level (Vision 2.0) with a sound strategic plan.
Without the Vision 2.0 Variable the Vision 2.0 test provides, we lose the power of Peter Drucker’s (and Lord Kelvin’s) principle of, “What gets done, gets measured.”
How Clients Have Succeeded
As simple as the test is, it has taken 20 years to develop the insights which are at the core of the Vision 2.0 test. These insights have come extensive research and from the many successful clients we have worked with. For example:
- 30% employee productivity improvement – Our fastest turn around improved company profits by an average of $30,000 / month in the first year. The cost to the owner was 4 hours.
- $1,000,000 increase in one year – A business owner believed they had plenty of capacity, but not enough customers. Our client was able to use a small technical 'secret' that increased the number of customers and tripled capacity over the course of a year, resulting in breaking through their first million-dollar barrier.
- Billion Dollar Warehouse Management System – Picture owning a new custom-built inventory management system for your billion-dollar warehouse. What if that system only functioned 30% of the time? The Vision 2.0 Variable allowed us to design a system that was able to quadruple initial capacity.
What Gets Measured Gets Done
Do you lead a business, a department or even a team? Are you ready to take your organization to a higher level of productivity?
There are very few metrics that help define your path, the Vision 2.0 Variable is one of the few. If you haven’t taken the Vision 2.0 test, that is the next step.