Ideas are a dime a dozen. Good and great ideas are a bit harder to come by, but they are out there. What there seems to be a real dearth of is the ability to execute. In the end, regardless of how good your ideas are, if you cannot execute on them, they are not worth much. Again, if you are great at generating ideas, but not great at executing on them, you must get help. That help can come in the form of a partner, a key employee, an advisor or a strategic alliance. Perform a realistic assessment of your execution strengths and weaknesses. Where you find weaknesses, determine whether the areas you’ve identified are critical to your business and whether you want to try to improve your skills, or whether it‘s better to bring in help. Also keep in mind that, regardless of whether you’d like to, you simply will not have enough time to do it all. Don’t try to do it all by yourself – it’s a recipe for failure – put together a stellar team of internal and external resources that you can work with to execute effectively and efficiently.
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