Dearest readers, we are getting closer to Canadian Thanksgiving and the Holiday Season, yet it seems almost as if just yesterday we were slacking off because it was summer time. Funny, but nevertheless true. Looking at it from this perspective, it seems that all we do is hop from one excuse to another to not be dedicated to our work, whatever it is we do. As work is vital to our survival, however, we have to wonder why we feel the way we do. Overall, I would say this is because most of us spend the first third of our lives poorly trained in how to sharpen the core abilities necessary for professional success. Today, I would like to talk about the king of these key abilities- the ability to execute- and what this ability has to do with the economy and our individual futures.
I'm a big fan of later seasons of both Dragon's Den and Shark Tank (later seasons because companies get bigger and more complex, deal offers heat up and the whole thing gets more sophisticated). My favorite investor (don't judge haha) is Kevin O'Leary. He's tough, he's honest and/or direct, he accurately values what's on the table, and he respects money (as it rightfully should be). In more than one interview and guest speaker event, he says that the number one ability he looks for in entrepreneurs (and employees in general) is the ability to execute. By that, he means the ability to make an idea/plan actually happen, while at the same time compensating for all obstacles and issues that come along the way. I could not possibly agree with him more on this one.
Why is this ability so important? For decades, both USA and Canada have fostered the entrepreneur mentality. Many small business owners make more money than employees, thus helping boost the economy. Many entrepreneurs end up creating large companies that in turn create domestic jobs. What this means is that North America inspires people of all ages to dream of turning their idea into a business plan, and then execute it successfully. What this means is that there are many people with dreams, ideas and plans on this great continent of ours. Without enough people with the ability to execute, however, our continent would be the one of failed, underemployed dreamers. Thus, you can have a great idea and an excellent plan, but without the ability to make it happen in real world scenarios, you will keep dreaming and keep losing in life and that's not good for you or anyone around you. Personally, I think most human beings have the ability to execute- it's a part of our survival system. However, it needs to be fine tuned to varying degrees from one person to another. It requires the involvement of competent instructors, coaches and consultants. Once you have that, you help create untold numbers of successful entrepreneurs, and the economy grows as a result.
Yes, the economy definitely benefits from this entire process when a society is highly entrepreneurial. In such a society, banks and local government are quick to grant loans and grants to budding entrepreneurs. However, without their refined ability to execute their dreams and plans, the money goes to waste and it's nothing but a bankruptcy filing waiting to happen. So, a society like ours needs to have measures in place to nurture and test people's ability to execute before they take on ventures that will bring them to bankruptcy if they are not sufficiently ready.
Finally, the ability to execute affects our individual lives because it definitely determines the level of success we will have in our individual lives. In fact, I think that even as employees, our future is in receiving more opportunities to execute plans, procedures and problem solving without the need to consult with our supervisors and managers first. The future is not in collectivization, it's in individual responsibility of highly trained individuals who are free to act on their own in a variety of situations, to execute plans with the goals of their companies always on their minds.
There it is, dearest readers- my two cents on the ability to execute ideas and plans in the real world. What do you think? :)
I'm a big fan of later seasons of both Dragon's Den and Shark Tank (later seasons because companies get bigger and more complex, deal offers heat up and the whole thing gets more sophisticated). My favorite investor (don't judge haha) is Kevin O'Leary. He's tough, he's honest and/or direct, he accurately values what's on the table, and he respects money (as it rightfully should be). In more than one interview and guest speaker event, he says that the number one ability he looks for in entrepreneurs (and employees in general) is the ability to execute. By that, he means the ability to make an idea/plan actually happen, while at the same time compensating for all obstacles and issues that come along the way. I could not possibly agree with him more on this one.
Why is this ability so important? For decades, both USA and Canada have fostered the entrepreneur mentality. Many small business owners make more money than employees, thus helping boost the economy. Many entrepreneurs end up creating large companies that in turn create domestic jobs. What this means is that North America inspires people of all ages to dream of turning their idea into a business plan, and then execute it successfully. What this means is that there are many people with dreams, ideas and plans on this great continent of ours. Without enough people with the ability to execute, however, our continent would be the one of failed, underemployed dreamers. Thus, you can have a great idea and an excellent plan, but without the ability to make it happen in real world scenarios, you will keep dreaming and keep losing in life and that's not good for you or anyone around you. Personally, I think most human beings have the ability to execute- it's a part of our survival system. However, it needs to be fine tuned to varying degrees from one person to another. It requires the involvement of competent instructors, coaches and consultants. Once you have that, you help create untold numbers of successful entrepreneurs, and the economy grows as a result.
Yes, the economy definitely benefits from this entire process when a society is highly entrepreneurial. In such a society, banks and local government are quick to grant loans and grants to budding entrepreneurs. However, without their refined ability to execute their dreams and plans, the money goes to waste and it's nothing but a bankruptcy filing waiting to happen. So, a society like ours needs to have measures in place to nurture and test people's ability to execute before they take on ventures that will bring them to bankruptcy if they are not sufficiently ready.
Finally, the ability to execute affects our individual lives because it definitely determines the level of success we will have in our individual lives. In fact, I think that even as employees, our future is in receiving more opportunities to execute plans, procedures and problem solving without the need to consult with our supervisors and managers first. The future is not in collectivization, it's in individual responsibility of highly trained individuals who are free to act on their own in a variety of situations, to execute plans with the goals of their companies always on their minds.
There it is, dearest readers- my two cents on the ability to execute ideas and plans in the real world. What do you think? :)