10 Thoughts On Building "Flywheel" Systems In Your Business
1. For each part of the flywheel, focus on the 80/20... the 20% of things that provide 80% of the results.
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2. Each part of the flywheel must gain momentum from the previous part.
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3. This is especially true for the final part in the flywheel, as it should create momentum for the first part once it goes through the loop.
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4. If the final part does not connect and push the first part, it is not a flywheel. It's just a normal system.
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5. 3 to 5 stages for each flywheel should be ideal, granted that most people can only process 3 to 7 bits of information at a time.
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6. Ideally, each stage of the flywheel should be made as enjoyable as possible.
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7. Each of the 3-5 stages of the flywheel can be further broken down into another 3-5 parts, focusing on the 80/20 again.
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8. If possible, make each stage of the flywheel itself a "mini-flywheel" within the flywheel to create even more momentum.
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9. The flywheel should focus on implementation in "one-piece flow" instead of "batch work".
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10. Delete unnecessary steps in the flywheel first, before you decide to automate or delegate. There's no point in automating or delegating unnecessary steps.
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