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Exploring EOS: The Strategy That Will Take Your Auction Business To The Next Level
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In this episode of The No Reserve Podcast, host Tim Peters, CEO of BidWrangler, sits down with Kervin Yoder, owner of Enlisted Auctions, and business coach Steve Byler, to discuss the transformative impact of the Entrepreneurial Operating System (EOS) on auction businesses. They discuss how implementing EOS has helped streamline operations, improve team alignment, and foster sustainable growth.
Key Points:
Tim Peters introduces guests Kervin Yoder and Steve Byler, and sets the stage for a deep dive into the Entrepreneurial Operating System (EOS) and its relevance to auction companies. Tim discusses how EOS has significantly influenced his own company's planning, hiring, and operational efficiency, setting the tone for the discussion.
Steve explains the initial steps of implementing EOS in a business, emphasizing the importance of starting with a Vision/Traction Organizer (VTO). Kervin shares the early challenges Enlisted Auctions faced while adopting EOS and the significant changes it brought to their operations.
The importance of maintaining an active Issues List is highlighted as a critical component of EOS that helps businesses proactively address and resolve challenges. Kervin reflects on how his team initially reacted to the EOS implementation and how their attitudes evolved, leading to greater alignment and productivity.
The episode concludes with practical advice for auction companies considering EOS, including the value of hiring an implementer and the significance of starting with the book "Traction" by Gino Wickman.
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