The Secret Formula For Growing Businesses And The COO Role

14 May 2023 · 32 min
32:00

A recorded interview with entrepreneur and author Cameron Herold covering his upbringing in entrepreneurial families, his work as a COO and founder of the COO Alliance, and his Vivid Vision methodology. He explains Vivid Vision (a 4–5 page, three-years-ahead narrative dated to December 31 of the target year), how to create and roll it out, and practical ways to operationalize it (quarterly reviews, highlighting achieved sentences, turning paragraphs into projects). He also gives a growth formula (F×F×E: Focus × Faith × Effort), examples from his career (early ventures, coaching, books), and membership criteria for COO Alliance.

Questions this video answers

Minimum criteria: $5 million in revenue and 30 employees.

Lean out three years and write the Vivid Vision as if it is December 31, three years from today.

F × F × E where F = Focus, F = Faith, E = Effort.

At age seven he collected coat hangers to sell to dry cleaners; dry cleaners paid about two cents per hanger (he negotiated up to three-and-a-half cents with one buyer).

TED.com hosts his TED Talk titled 'Raising kids as entrepreneurs' (referenced as available on TED).

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