The Execution Factor

Book Summary

By Kim Perell

10 min
5188

Preview

The difference between success and failure often comes down to one thing: execution. You can plan all you want, but that’s not going to realize your dreams. The way in which you execute your plans is critical.

Fortunately, the execution factor isn’t just a trait you have or don’t have. It is made up of five components, all of which can be developed. The five parts of the execution factor are vision, passion, action, resilience, and building relationships. These work together for meaningful execution.

If you think of yourself as a driver on a journey in a car, the execution factor is how you get where you want to go. The vision is your destination. You think about it and you have to be specific. It is hard to go to a general place. You need an actual location to be able to drive there. 

Passion is the gas in the tank. You need it to get your engine going and you can’t run out. Small tasks related to your end goal and celebrating victories help keep the gas tank full.

Action is actually putting the car in drive and moving. There may be different routes to your destination, but you have to pick one and start moving. Pay attention to your progress and adjust your route as needed.

Resilience helps you deal with unplanned obstacles. Maybe you hit a small pothole and you just have to deal with the brief rough patch. Or you get stuck in a major traffic jam. Cars have safety equipment to handle the worst stuff and keeping a positive attitude even will help you even when things get frustrating.

Sure, you can drive alone. But maybe there are parts of your journey that would be better with some company. Long road trips can get lonely and tiring. If there is more than one driver and you share the burden, you can get there quicker. Or you need special skills on a road that is difficult to navigate. The relationships you build will support you on your journey. Make sure you surround yourself with positive relationships.

With the five pieces coming together, you have what you need. Make it a priority to reach your goals and execute on your plans. Reaching the destination you set out for will be well worth the journey.

About the Author

Kim Perell is an entrepreneur with a background in marketing and advertising. 

After graduating with a Bachelor of Business Administration from Pepperdine University, Perell joined Xdrive Technology. In her role as the Director of Marketing and Sales, she brought in more than $9 million in revenue from advertising. Xdrive was an internet startup that eventually went bankrupt and Perell was laid off.

Perell took her marketing expertise and founded Frontline Direct. In seven years, her firm grew to over $100 million in revenue. Building on her success, she sold her company to Adconion Media Group.

After the sale, the two companies merged and Perell became the CEO and the first woman on its board. Four years later the company was sold again but for more than $200 million this time. Perell again stayed on as a leader, serving as president for two years before moving up to CEO. 

In 2019, Perell shifted her focus to investing and supporting entrepreneurs. As an angel investor, she’s supported more than 60 businesses. She has judged business ideas on Entrepreneur Magazine’s Elevator Pitch series and appeared in Good Morning America’s segments Side Hustle Showdown and Kidventors.

She lives in San Diego with her husband and their two sets of twins.
book summary - The Execution Factor by Kim Perell

The Execution Factor

Book Summary

10 min
5188
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