Speed is good. Money likes speed. Success likes speed.
Rushing is not good.
Rushing leads to mistakes. Rushing leads to cutting corners.
Money doesn’t like rushing. Success doesn’t like rushing.
So what’s the difference?
Recently we were engaged in an IT project with a tight deadline. We realised we needed a new provider and the ‘perfect’ one happened to show up on our radar. We engaged with only them, then we got their proposal and it was over twice the cost we were expecting and delivered half of what we wanted. By this point late in the game it was either go with them or miss the deadline. I chose to miss the deadline. We had painted ourselves into a corner because we were rushing and it was time to admit that and do the right thing.
In our right minds I’d never engage a single provider, but we cut corners by only engaging one provider to hit a deadline.
When you shift out of responsible rapid progress to cutting corners it’s time to pump the brakes, because you might be running a full speed enthusiastically towards a cliff.
In life, if you can’t win, change the rules.
There are two lessons that are relevant to life that have really struck me:
Siri wasn’t created by Apple.
How often are you getting out of the weeds to look at your business? Weekly? Monthly? Quarterly? Yearly?
I was spending time with a friend recently who has built a huge multi-national business. We were talking about life and business, and then we got on to health and he said something very interesting…
This week I attended Peter Diamandis’ technology event, Abundance 360.
As 2017 draws to a close, 2018 offers up unlimited opportunity for each of us.
When it comes to your business, what’s more important, revenue or profit?
I run a course called Board of Directors. Business owners join me for two days every three months and we go deep on their businesses, and their own personal psychology.