Why Does Speed of Execution Matter?
Learn, execute, and adapt at lightning speed.
Once, Abraham Lincoln, the 16th President of the US, said:
“Things may come to those who wait, but only the things left by those who hustle.”
Even if he wasn’t referring to businesses and startups, one thing is clear: the speed of execution is one of the most crucial success factors in business (if not the most).
Speed of execution can make or break a startup.
When founders or product managers delay the launch of their product or idea, they risk losing their competitive edge and missing out on valuable opportunities.
“Valuable opportunities” can be understood as the loss of market share to the competition, loss of trust, clients, and investors’ money.
Let me share why I truly believe that agility and the ability to develop products/services quickly is the single most important factor while running a business of any size.
Plus some bonus tips at the end ;)
It doesn’t matter whether you’re just starting out or have 1,000,000+ customers.
What is Speed of Execution?
In simple terms, Speed of Execution is the ability to quickly and efficiently implement plans, ideas, and…
