A Flywheel is a set of business drivers that propel your business forward. In the form of a wheel, these components slowly build momentum as each of them is optimized and the wheel begins to turn. “Each turn of the flywheel builds upon work done earlier, compounding your investment of effort” Jim Collins.
(c) 2019 Jim Collins in
Turning the Flywheel; A Monograph to Accompany Good to Great.
The Flywheel effect comes from Jim Collins’ book “Good to Great”.
Collins describes the good-to-great transition process; “…the process resembles relentlessly pushing a giant, heavy flywheel, turn upon turn, building momentum until a point of breakthrough, and beyond”.
Collins explores the Flywheel further in his monograph “Turning the Flywheel” where he shares stories of Flywheel applications and seven steps to creating your continued momentum.
We work with our clients to create unique Flywheels to clarify the economic engine for their business. In other words, the Flywheel’s cycle is the mechanism that drives cash into their business— and yours.
The flywheel builds on itself to deliver more cash. Each time it cycles through, the next cycle is stronger, faster, and more efficient.
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