After an entrepreneur has achieved product/market fit, I like to ask about their execution methodology. What do they use? Why? How did they select it? What parts do they like? What parts don’t they like? Quite often, I get a response that they don’t have an execution methodology and they are interested in learning more.
An execution methodology is simply a framework for getting things done personally and in your organization.
Early in the entrepreneurial journey it’s easy to keep everyone on the same page due to the continuous interaction and iteration. Only, as the organization grows, complexity grows exponentially. Systems and methodologies provide a way to scale in a maintainable, elegant manner.
Here are a few execution methodologies entrepreneurs use and their main categories of focus:
- Focus on the Wildly Important
- Act on the Lead Measures
- Keep a Compelling Scorecard
- Create a Cadence of Accountability
And, of course, one my personal favorites for ease of use is the Simple Strategic Plan.
Whatever the case, pick an execution methodology. Embrace the core concepts and help your organization scale.
Happy New Year!