Why Speed MattersSpeed is a crucial factor in achieving success in today's fast-paced business environment. It enables companies to capitalize on opportunities, stay ahead of competitors, and respond quickly to changes in the market.
- Speed as a HabitDave argues that success in business boils down to speed - "fastest company in any market will win." He then explains the building blocks of speed: • Making decisions: The speed of decision-making matters, and consensus should not hold you hostage • Executing decisions: Challenge due dates by asking, "Why can't this be done sooner?", and consistently message that today is better that tomorrow, and right now is better than six hours from now • Other execution tips include: recognize and remove dependencies, eliminate cognitive overload, use competition the right way, and rally support for decisions
How to Go Faster at StartupsStartups can go faster by prioritizing speed, focusing on the right metrics, and building a culture of experimentation. They should also leverage technology and data to optimize their processes and decision-making.
- How to move faster as a startup founderCatherine provides 3 tips that can help you determine which activities are productive, and which are slowing you down (and possibly burning out your team at the same time): #1: Resist the temptation to do everything at once #2: Create minimum viable processes #3: Hire well
How to Go Faster at Growth-Stage CompaniesGrowth-stage companies can go faster by streamlining their operations, investing in their team's development, and being open to innovation. They should also prioritize customer feedback and use it to guide their product development and marketing strategies.