Mike J Midgley Insights

Philosophy & Action: The Key to Rapid Business Growth

Written by Mike J Midgley | Jul 2, 2021 3:15:00 PM

Introduction

Today, I want to explore the concept of Philosophy and Action, and how it shapes the success of high-growth businesses.

It’s easy to get stuck in the weeds, especially when you're a busy entrepreneur, and sometimes you feel like you’re moving but not really progressing.

Have you ever found yourself working on small, less impactful tasks, while the big, game-changing strategies are pushed aside for “another time”?

This is where philosophy and action come in.

The Other Reason

We all have valid reasons for putting things off. The problem is, these reasons often prevent us from executing on our true potential.

Whether it’s juggling client demands, personal life distractions, or just becoming buried in daily operations, the challenge remains: how do you move forward at the pace that can truly elevate your business? Getting this balance right is crucial.

The Top-Down Approach

Now, let's talk strategy.

I’m all about whiteboards (digital or analogue), planning, and envisioning your business’s roadmap.

But there's a crucial point many overlook: strategy isn’t enough.

A strategy on a whiteboard is just a plan until it’s executed.

The best strategies in the world are useless if they remain ideas in your mind. It’s vital to take that top-down approach and translate it into clear, actionable steps that your team can follow.

The Bottom-Up Switch

Here’s a challenge: When was the last time you took a full day to get out of your daily grind and focus solely on your business?

No emails, no calls, just you and your whiteboard, mapping out your current state and future vision.

Understanding your business’s position is critical, but execution is what moves the needle. It's easy to plan, but the real work starts once that plan is in motion.

Fail to Execute

I’ve noticed a troubling pattern recently: businesses often fail to execute.

They have the strategy, they have the goals, but then things don’t get done. The key here is action, real, tactical steps that your team can execute.

Whether it’s breaking down your goals into quarter rocks, monthly milestones, and bi weekly sprints and assigning responsibilities, or setting specific dates, the only way you’ll make progress is by moving into execution mode.

Results Come from Action

This is where businesses succeed or fail: execution. It's not about planning for months and never pulling the trigger.

Results come from action, taking what’s on the whiteboard and turning it into tangible results.

You need to see what works, what doesn’t, and optimize on the fly. True growth happens when you stop theorizing and start doing.

Key Takeaways:

  1. Set a clear strategy but remember, action is the real differentiator.
  2. Execute consistently don't just plan and wait for things to happen.
  3. Optimize your process as you go. Always be ready to adjust and improve.
  4. Delegate tasks to the right people on your team with clear milestones.

If you want to move forward at a rapid pace, you need to embrace both philosophy and action, the right strategy and consistent execution.

So, how are you making your philosophy come to life?

Always here to help you start, grow, and thrive. Let me know how I can support your next big move.