BP10 is short for Business Profile 10. BP10 (previously EP10) is Gallup’s assessment for the ten themes of talent which are present in the core decision making team of a successful business. BP10 measures and ranks “what” you do in an entrepreneurial business builder role. If any one of the ten themes isn’t present in the people who make up this team, the business will not be its best. So this leads me to the three things you need to know about the BP10.
First, know your talent themes
By knowing which themes of talent you possess, you are better able to contribute to the success of the business.
Rarely are people dominant in all ten themes. It is a myth to believe you must be strong in all ten themes to be a successful entrepreneur, or business builder. In my experience being dominant in all ten doesn’t guarantee you’ll be able to single handedly grow a successful business.
Teams of Individual entrepreneurs who know their unique talents and then work to strengthen those talents will far surpass the efforts of teams who do not know their business talents. That said, there must be a number one leading the team with number twos and threes as supporting teammates. Gary Vanyerchuck, a serial entrepreneur, blogger, and venture capitalist wrote on this recently. Be the best version of yourself in the role you are most talented to fill.
Second, know the talents of your team
Teams of strong entrepreneurs who cover the scope of all ten talents is the second thing you need to know about BP10 when building a successful business.
When certain talents are strong in an individual, they can be helpful, or they can hinder the progress of the team leading the company. When everyone on the team knows their talents and hones them into strengths they can effectively use, the company stands its best chance of success.
Third, know how to fill in the talent gaps!
The third thing to know about the BP10 is how well it works as a hiring tool.
When there are gaps in the ten talents present on the existing team, a new hire can be brought in with intentionality to fill the gaps, not only in skills, but also talents.
Often companies will hire for skill without considering the talents needed to round out the team. Bringing in a new position with the skills and talents to make the company successful and strong will help the team perform more efficiently–as well as deepen the support of one another in those roles.
Hiring people for specific talents will also help you know how they will respond in different situations. For example, when a business encounters obstacles to growth it can be discouraging, and sometimes even cause the team to consider closing the business. Listen carefully, when this happens it can help to hire a new staff position with strong Determination talent in their BP10 assessment.
Knowing your own talents, knowing the talents of the team and using BP10 to help make hiring decisions are three great things to know about the BP10 assessment as a tool for growing a strong business leadership team.