We remember growing our career in management with a large Fortune 500 company when our Executive Vice President told us something one day. He said, “Execution is the one thing that separates the good from the great. Let me put it to you this way. If you don’t execute, you’ll be executed.” We guess it’s hard to forget that, but it still rings true in our mind today. Some of the best leaders and managers in business don’t achieve peak results because they simply don’t execute the plan.
Here are three mistakes new entrepreneurs make when it comes to execution:
1. CHANGING THE PLAN TOO OFTEN
One of the sayings we love is that "focus beats brilliance" all the time. In your first year of business, it is very easy to get distracted by five more new money making ideas that you see as ventures that can put additional dollars in your pocket. The problem is that if you lose focus on the plan you put together when you started the business, this can confuse your employees, potential investors, and...