The Multiplying Power of Execution: W30 Leap Year
Welcome back to the Leap Year, where I share helpful tips on how you can finally take the “Leap” and pursue and discover what you are passionate about in the face of everyday challenges. In W30 I learned the power of EXECUTION.
Tony Robbins wrote
Knowledge is not power, but EXECUTION is.
I read this in W14 from his book Money-Master the Game. That week I had my usual planning session earlier in the week, but did not deliver when the time came to execute and follow through.
The same situation arose in W30, as I was not able to complete the weekly task at the planned time, which led me making another plan to complete it. I actually had to do this a third time before I was able to follow through and finally complete the weekly task. Don’t get me wrong, this is great, as I now have gained the knowledge about different strategies to help me overcome obstacles presented from various situations, but I felt I was making more plans rather than EXECUTING.
I learned you can do all the planning in the world, but all your plans or the work you do in advance means nothing if you do not EXECUTE.
Additionally, Derek Sivers, an entrepreneur who turned a hobby into a 26 million dollar company, says
“…ideas are worth nothing unless executed. They are just multipliers. Execution is worth millions.”
Below is a table taken from his blog post “Ideas are just a multiplier of execution.”
AWFUL IDEA = −1
WEAK IDEA = 1
SO-SO IDEA = 5
GOOD IDEA = 10
GREAT IDEA = 15
BRILLIANT IDEA = 20
NO EXECUTION = $1
WEAK EXECUTION = $1000
SO-SO EXECUTION = $10,000
GOOD EXECUTION = $100,000
GREAT EXECUTION = $1,000,000
BRILLIANT EXECUTION = $10,000,000
Derek says in order to make a business you have to multiply the idea by execution, so a great idea with no execution can result in $15. He quotes
“I do not want to hear peoples ideas. I am not interested until I see execution.”
This chart can be modified to fit the Leap Year process as well. You can have varying levels of planning, but you will not produce results unless you EXECUTE. I have reworked it so you can see how this can be applied to the Leap Year process.
NO PLANNING = 0
WEAK PLANNING = 1
GOOD PLANNING = 10
GREAT PLANNING = 20
NO EXECUTION = 0
WEAK EXECUTION = Minimal Growth
GOOD EXECUTION = Moderate Growth
GREAT EXECUTION = Substantial Growth
There will be weeks when you can not make a great or even a good plan, but the key is to EXECUTE. A WEAK plan times GREAT execution will allow you to grow substantially if done on a consistent basis.
Lastly, In 1988 Nike coined the phrase
“Just Do It”
This phrase helped them increase their profits in the American shoe industry from 18% to 43% in the decade which followed. The phrase came to mind this week, when I finally told myself I had done all the necessary planning, I just needed to EXECUTE. Once I decided to “Just Do It” and start, I was able to complete the weekly tasks within an hour.
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