What Are the Keys to Excellent Execution to Scale Up Your Company?
Even if you have a great product or service, hire the very best people, and have an outstanding strategy, your business can’t scale up and grow if you don’t execute your plan. What can you do to ensure you’re following through and getting the results you want? Let’s look at 3 keys to excellent execution for scaling companies.
Pay Attention to Priorities
Not everything has the same level of importance. Some things really are more important than others. You and your executive team need to be focused on the most important issues and activities for specific periods of time (What’s most important today, this week, this quarter, this year, etc.)? Of course, that requires that everyone on the team is aligned around what the number one priority is.
Delve Into the Data
Good data drives good decisions about priorities. This is why it’s so important to have accurate and timely reporting and analysis of customer feedback and financial information. Beyond that, it’s essential that you receive on-going employee input. Feedback from your employees can help identify both obstacles and opportunities that the leadership team may not be aware of. It’s also highly important that you keep everyone in the company apprised of what your plans/goals are and how the company (as a whole) is performing.
Maintain Your Meeting Rhythm
You’re probably seeing how vital the flow of communication is to a company’s success. That underlines the importance of regular, useful meetings to keep people informed and to recognize the achievement of goals as well as areas of a potential problem. Meetings don’t have to be lengthy. But they need to be regular and targeted. Without those things, it’s extremely difficult to evaluate progress (execution).
How Do You Make This Happen?
Each of these three keys is rooted in the Rockefeller Habits. There is even a Rockefeller Habits Checklist™ that you can download for free at scalingup.com. It’s one thing to know what to do, but it’s another matter altogether to actually set these plans into action. That’s where a great business coach comes into play. In the years that I’ve been coaching growing businesses, I’ve led many, many executive teams through the process of setting appropriate priorities. I’ve helped them set up the processes for gathering the essential data they need to evaluate their execution and make adjustments to activities. And I’ve helped them learn to run effective and efficient meetings that keep everybody on the same page—and moving forward.
How is your execution of the plans you have for scaling up and growing? I invite you to click on the “Assess Your Execution” button below to get a sense for how you’re really doing. It only takes a couple of minutes and it will give you a good, basic idea of where you may need improvement if you plan to scale up your business and grow.