Running business is about making choices. There are so many things you need to decide on. Every decision you make will affect how your business moves. Every decision has its own potential risks, weighs, and rewards. One decision can lead to failure or success. That is why running a business is not for the weak. You need to be strong-minded and determined. Using your emotional feeling to take over your business won’t do either because business is about number and logical thinking. Sure, there are times when you have to trust your guts. However, the most reliable thing to have is your rationale thinking.
Execute the strategy to grow your business successfully
Lots of business owners and expertise argue over which one is more important in running business, whether it is strategy or execution. To think of it, both are important for business. You need the right strategy to execute. It is hard enough to look for the most effective strategy to boost your business. It is even more challenging to execute them properly to gain positive result. So which one is more important?
Every business owner may have different opinion regarding to this matter. Some people say that strategy is more important because if the strategy is bad then the execution will be just worse. Meanwhile, some others believe that execution is more important because no matter how good the strategies are, they won’t work if they are not executed the right way. Both have their truth but not entirely wrong either.
Strategies are important because they are like map of what you should do. They are the options you need to decide. You have to choose what kind of strategies to use to run your business successfully. There are many strategies already so you need to make your own decision of what strategies you want to apply to your business. By planning and choosing strategies, you will be able to run your business with purpose. Of course not all strategy won’t guarantee your success because there are other factors that affect the chance of success after all. However, strategies allow you to plan better and move with purpose.
Execution is also important because what’s the point of having a weapon if you don’t know how to use it? Thus, execution is more like your plan of how to apply the strategies in the most effective way so the result will be as expected. Even best strategies still need good execution in order to effectively work. Therefore, strategy is not less important than execution and vice versa. Both are important for business. You need the best strategies so your business will stay afloat. However, you need right execution so the strategies you have planned won’t go to waste.
Strategy is hard because it takes so much effort. However, every effort is worth it for finding effective strategies. Then, execution is hard as well. Executing the best strategies is much better to grow your business. Therefore, both are important for your business and you need both.