Posted on October 22, 2024

In business, having a great vision is only part of the equation. Without the right people, even the best strategies will fall short. That’s why the People Component is one of the foundational elements of the Entrepreneurial Operating System (EOS). Focusing on the People Component helps you build a strong, cohesive team that shares your values, understands your vision, and drives your business forward.

In this post, we’ll explore why the People Component is essential for long-term success and how EOS helps you ensure that you have the right team in place.

Why the People Component Matters

People are the backbone of any business. With the right team, you can overcome obstacles, achieve your goals, and continue growing. However, a misaligned team or poor hires can create friction, slow progress, and even derail your vision.

The People Component addresses this by focusing on two key principles:

1. Right People: Ensuring each team member aligns with your core values.
2. Right Seats: Placing each person in a role that matches their strengths and skills.

Together, these principles help you create a high-performing, motivated team that’s fully committed to the business’s success.

Right People, Right Seats

In the EOS framework, "Right People" means hiring individuals who embody your company’s core values. "Right Seats" means each team member is in a role that leverages their strengths and skills. Achieving both is crucial, as having the right people in the wrong roles—or vice versa—can hinder progress.

In our next two posts, we’ll delve deeper into the tools EOS provides to ensure you have the Right People and Right Seats, so you can build a team that’s aligned and effective.

Evaluating Your Team

EOS encourages leaders to regularly evaluate their team to ensure alignment. By periodically assessing each person’s fit with your core values and their role, you can make adjustments as needed to maintain a strong, aligned team. This evaluation helps identify potential misfits early, giving you the chance to either coach for improvement or make necessary changes.

Conclusion

Building a strong team is essential to achieving your vision. By focusing on the People Component, you can create a culture of alignment and commitment, where each person is both motivated and equipped to contribute to the business’s success. In our next post, we’ll explore the Right Peopletool in detail, which will help you identify team members who embody your core values and drive your vision forward.