“You don’t want the work bouncing around in the organization, you want the person to pick the job up and finish it. That creates a lot of efficiencies, and for the self-esteem of the people working for you, it’s a huge boost to their self-esteem.”
You’ve probably heard of the saying that success is comprised of 20% inspiration and 80% perspiration. This is a critical point when running a business, as we can all attend a meeting, go to seminars and read books, but none of these matters if you don’t act on what you learn.
A good idea or strategy is exactly that — a good idea or strategy.
It only becomes worthwhile or valuable if the idea is put into action. Unfortunately, this is why many businesses fail because the owners fail to implement the plans and turn the ideas into action, whether through lack of skill or expertise, lack of resources, lack of focus, or sheer laziness.
I have seen many organization boards over the years, some do well, and others fail.
In Ed’s Chan & Naylor, our organization board has a division called “implementation.” It’s this division’s responsibility to implement the ideas that the managing director comes up with.
Again, the “implementation division” is an investment back into your business. Too many companies fail to invest back into their businesses, and then they wonder why the great ideas they had did not gather traction and momentum.
The success of your business depends on your ability to implement successfully, so if you do not have the skills or experience to implement something important, then make sure you source the appropriate outside help to get the job done.
It’s much better to have “less ideas and more implementation” versus “more ideas and very little implementation”.
I hope this helps.
PS. If you’d like to receive a Friday tip from me every week to your inbox along with $10,000 worth of bonus growth tools, sign up to my FREE Friday Tip email newsletter at https://www.wizementoring.com/wizetip/
Ed Chan | WIZE MENTORING | www.wizementoring.com
As a way of giving back to the Accounting Industry, Ed now contributes at a Board and Strategic level to many independent Accountancy Firms, helping them improve their efficiencies and run better businesses, resulting in better work-life balance through Wize Mentoring.
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