Ideas & execution
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Turning ideas into real products requires tenacity, patience and discipline to execute on the idea. The entrepreneur builds a system around the idea that allows it to mature into a real product. Ideas are common, but execution is what matters most. There are three key qualities of effective execution: processes must be repeatable, efficient, and reliable. Without reliable, repeatable and efficient processes, scaling the business is impossible.
Ideas & execution
- 1. IDEAS & EXECUTION What it takes to turn ideas into real products (c) UserTechBiz.com 2015
- 2. • You may have an idea…or a hundred ideas • How you execute on the idea matters…a lot! • Many people have ideas but few have the tenacity, patience and discipline to successfully turn them into something real • The entrepreneur builds a ‘system’ around the idea that allows it to mature into a real product. • Your brain cycles are extremely valuable. Use them for the most important things • (Beyond the Idea; Why Execution Intelligence is What Matters) – Rob Adam (c) UserTechBiz.com 2015 “IDEAS ARE COMMODITY EXECUTION IS SCARCE”
- 3. 3 QUALITIES OF EXECUTION Repeatable Efficient Reliable (c) UserTechBiz.com 2015 without a reliable process, scaling the business would be impossible Don’t rely on fluke If a machine can do it faster and more accurately, get the machine
- 4. RELIABLE • The process and people around that process need to be reliable to the extent that you don’t have to think about it anymore • Your brain cycles are extremely valuable. • It just works! – that’s where you want to be • But to get it to that point, be ready to invest a lot of your energy. (c) UserTechBiz.com 2015 Once you hand it off, it has to work better than when you were doing it yourself
- 5. REPEATABLE • If you can’t repeat your success, then you’re a fluke and flukes only get one chance • Repeating something requires less brain cycles than coming up with novel things • Your brain cycles are extremely valuable • Repeatable processes are automatable – Automation is your friend because automated processes can be very reliable (c) UserTechBiz.com 2015
- 6. EFFICIENT • Once you have a process that is repeatable, don’t keep repeating it • Your brain cycles are extremely valuable • Simplify & Optimize (c) UserTechBiz.com 2015 Find a widget/machine/computer/software that does it faster, more accurately, cheaper
- 7. YOUR JOB IS TO NOT TO BE (c) UserTechBiz.com 2015
- 8. YOUR REAL JOB Look for the next opportunity apply this execution model to improve your business Your brain cycles are extremely valuable And that is a worth-while cause (c) UserTechBiz.com 2015