Sharpening Your Focus: 'Hone' Authors on How Leaders Can Keep Their Businesses on Track
Business owners like this chef could learn valuable lessons from the book 'Hone,' including how caving in to pressure to quickly expand could lead to a business drifting away from its elemental purpose.
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
A restaurant that does everything right is a gift, a treasure, especially in small-town America.
Because there are so few, when an exceptional restaurant gets into trouble or goes out of business, we feel a sense of loss and often wonder what happened.
It is just sad all the way around.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Kiplinger's Adviser Intel, formerly known as Building Wealth, is a curated network of trusted financial professionals who share expert insights on wealth building and preservation. Contributors, including fiduciary financial planners, wealth managers, CEOs and attorneys, provide actionable advice about retirement planning, estate planning, tax strategies and more. Experts are invited to contribute and do not pay to be included, so you can trust their advice is honest and valuable.
That's what "Catherine" was trying to prevent when she emailed:
"Mr. Beaver, 'Patrick,' my husband, is a gifted chef, and we dreamed of a restaurant with a small, intimate space — just a few tables. Several months ago, we opened 'Patrick's Place,' and in no time, it became the town's favorite, where you had to book a week in advance.
"Friends and potential investors are trying to convince him to relocate to a space six times as large. But I warned, 'That was not our goal! You can't clone yourself. We can rent the vacant office next to us now, open a wall and have one-third more seating space. Unless you find someone with your skills who wants to come to this small town, by caving in to the pressure to expand, we will lose customers and go out of business!'
"My husband is stubborn but likes your column. Do you know something he can read that might keep us on course?"
Indeed, I do.
Path to trouble: Losing track of your North Star
Business consultants and authors Geoff Tuff and Steven Goldbach have written a compelling and accessible prescription for staying on track, Hone: How Purposeful Leaders Defy Drift, which is as applicable to Patrick's Place as it is to a corporation that employs thousands.
I had the most interesting Zoom interview with Tuff and Goldbach in which they defined "drift" as the deviation of a business from its intended path, its reason to exist and its elemental purpose, its North Star.
The best way to prevent drift is through "honing," which involves making continuous, purposeful adjustments to stay on track with your purpose, much like a chef hones a knife daily to maintain its sharp edge.
These authors have created an aha moment that explains how an enterprise of whatever size can slowly drift into hot water due to a lack of situational awareness.
During our interview, we discussed several of the threats to the survival of any business, no matter its size. Two issues the authors flagged for business owners:
No. 1: It's important to understand the danger of pressure to grow
Customers want consistency and predictability — it's what keeps them coming back. When companies, over time, change what they have been doing, sometimes the magic and the elemental purpose — their reason for existing — is washed away.
Pressure to grow — the temptation of greater profits — often leads to the business owner greatly expanding their footprint or establishing a second location. This can easily result in drifting off course and away from what made the business successful — its elemental purpose.
The risks include shutting down, being unable to pay suppliers and employees and facing lawsuits because, like Catherine's fear for Patrick, the owner was convinced that "bigger is better." They learn the hard way that bigger is not always better.
It is clear that Patrick is on a path that could see his restaurant drift in a direction that predictably could lead to failure, while his wife believes that gradually expanding would be more manageable — an example of honing.
No. 2: You need to keep an eye on the little things that can lead to drift
Forgetting about the needs of the people who are important to your business leads to drift. Pursuing growth or change that takes you away from your elemental purpose, resulting in a failure to uphold the standards you established in the beginning, is a path that can prove costly.
A business will rarely make a decision that is immediately destructive. More often, it's more of a gradual catastrophe because the owner ignored small things and didn't notice the impact they were having.
Then they wake up one day, and it seems that, all of a sudden, something has broken: Where are the customers?
Consider a fast-food restaurant or a chain coffee shop that offers more and more menu items that seem, at the time, to be valid. One day, the bosses realize that customers are waiting too long, and some are even walking away. Employees are unhappy, too.
Looking for expert tips to grow and preserve your wealth? Sign up for Adviser Intel (formerly known as Building Wealth), our free, twice-weekly newsletter.
This would be a case of drift. The solution is to take a leap back in time to restore what the business was before things got out of hand.
What will lead to success?
The authors underscored that the path to success requires:
Having a clear sense of why your business exists from the points of view of your customers, employees and all the relevant stakeholders.
Asking yourself, "What do my people need to do in order to deliver on the business' purpose? Does our structure enable this to happen or interfere with it?"
Embracing curiosity — this is one of the most valuable tools in your toolbox. How can you improve? How can you make things better? Seeking ways to enhance employee engagement and customer relations should be your goal.
Hone took me back to high school when a classmate read a poem aloud, and everyone said, "That's exactly how I feel, but I could never put it into words this way!"
Tuff and Goldbach have put into words the things in business we've all looked at but maybe didn't see.
Dennis Beaver practices law in Bakersfield, Calif., and welcomes comments and questions from readers, which may be faxed to (661) 323-7993, or e-mailed to Lagombeaver1@gmail.com. And be sure to visit dennisbeaver.com.
Related Content
- I Found Out What It Takes for a Family Business to Thrive
- His Employees Don't Work 'For' Him, But 'With' Him
- Building a Business That Lasts: The Critical Steps to Avoid Blunders
- How to Lose Your Shirt Investing in a Restaurant
- How to Fail as a Leader
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more. Delivered daily. Enter your email in the box and click Sign Me Up.

After attending Loyola University School of Law, H. Dennis Beaver joined California's Kern County District Attorney's Office, where he established a Consumer Fraud section. He is in the general practice of law and writes a syndicated newspaper column, You and the Law. Through his column, he offers readers in need of down-to-earth advice his help free of charge. "I know it sounds corny, but I just love to be able to use my education and experience to help, simply to help. When a reader contacts me, it is a gift."
-
Betting on Super Bowl 2026? New IRS Tax Changes Could Cost YouTaxable Income When Super Bowl LX hype fades, some fans may be surprised to learn that sports betting tax rules have shifted.
-
How Much It Costs to Host a Super Bowl Party in 2026Hosting a Super Bowl party in 2026 could cost you. Here's a breakdown of food, drink and entertainment costs — plus ways to save.
-
3 Reasons to Use a 5-Year CD As You Approach RetirementA five-year CD can help you reach other milestones as you approach retirement.
-
The 4 Estate Planning Documents Every High-Net-Worth Family Needs (Not Just a Will)The key to successful estate planning for HNW families isn't just drafting these four documents, but ensuring they're current and immediately accessible.
-
Love and Legacy: What Couples Rarely Talk About (But Should)Couples who talk openly about finances, including estate planning, are more likely to head into retirement joyfully. How can you get the conversation going?
-
How to Get the Fair Value for Your Shares When You Are in the Minority Vote on a Sale of Substantially All Corporate AssetsWhen a sale of substantially all corporate assets is approved by majority vote, shareholders on the losing side of the vote should understand their rights.
-
Dow Leads in Mixed Session on Amgen Earnings: Stock Market TodayThe rest of Wall Street struggled as Advanced Micro Devices earnings caused a chip-stock sell-off.
-
How to Add a Pet Trust to Your Estate Plan: Don't Leave Your Best Friend to ChanceAdding a pet trust to your estate plan can ensure your pets are properly looked after when you're no longer able to care for them. This is how to go about it.
-
Want to Avoid Leaving Chaos in Your Wake? Don't Leave Behind an Outdated Estate PlanAn outdated or incomplete estate plan could cause confusion for those handling your affairs at a difficult time. This guide highlights what to update and when.
-
I'm a Financial Adviser: This Is Why I Became an Advocate for Fee-Only Financial AdviceCan financial advisers who earn commissions on product sales give clients the best advice? For one professional, changing track was the clear choice.
-
Nasdaq Slides 1.4% on Big Tech Questions: Stock Market TodayPalantir Technologies proves at least one publicly traded company can spend a lot of money on AI and make a lot of money on AI.