For the past 3 years I have travelled to MIT in Boston to learn from the best business minds in the world. My #1 takeaway from this year was a concept called the Flywheel.
Imagine a huge flywheel, 20m in diameter and weighing close to 20tonnes. You push will all your might. Push, push, push. All your efforts and you only just nudge it. You push some more, it turns a little more. Push, push, push. It turns more and more. You seem to be making progress. Gathering speed, momentum, it because easier and finally. A breakthrough, the massive flywheel now seems so easy to push, its massive weight and its speed now combine to give it momentum that even an army couldn't stop.
Every business is similar to this flywheel. At the start, it almost seems impossible, but the greater the focus, the greater the faith that you are pushing for the right reason and knowing that you are pushing in the right direction, everything just seems to become easier. You business starts to gather momentum, customers flock to you and profits don't seem to be a struggle.
The Flywheel = Focus * Faith * Effort
Score your business. If you only have 50% focus, 50% faith and 50% effort, then your flywheel will only spin at 12.5%. 80% Focus, Faith and Effort you only get to 51.2%. If you have 96% FF&E, then you can spin your flywheel at 88.5% of its maximum. You can see the importance of alignment of everyone in the company, that they have faith in where you are steering the ship and the work they do day in day out in totally in support of where you want to be in 10yrs time.
It's amazing when you think of this, how something so simple can completely change the dynamics of the business. But use it elsewhere. There are a lot of applications for it.