It often feels like time is accelerating. The internet enables the rapid gathering of information needed to guide decisions. The period for new product exclusivity continues to shrink, shortening the investment payback time. Customers must react ever faster to competitive threats, causing you to continuously enhance the value you produce to help them succeed and to sustain your business.
How can your business move faster?
How can you become more efficient? How can you get to market faster? How can you save time and money? How can you reduce the frustration that is a natural reaction to this sense of continuous acceleration?
Use these tips to move faster:
- Accelerate decision making. Is more time needed to gather valuable information, or is more time just a way to delay your decision? Choose to decide sooner, and decide only once, unless new data provides a profitable reason to reconsider.
- Prioritize decisions. Make those decisions with the most expensive and time-consuming considerations first. Focus only on decisions that significantly impact your business – some decisions are so irrelevant that they are bested by speed.
- Minimize opinion gathering. Ask for input only from those who will either improve the decision or will make it more likely you won’t get rejected later.
You don’t need a lot of money to accelerate your business. You will speed up once you’re more comfortable making decisions faster.
How can you make these tips work for you?
What quantifiable benefits would moving faster produce for you?
