Recently, I've been thinking a lot about how businesses scale and technology adoption accelerates.
For example, consider how fast AI is improving and transforming business.
Last year, I shared a short video called Speed Matters. It includes some thought-provoking ideas. You can view it by clicking here.
While speed matters, faster is not always better.
As you focus on doing more things faster, it becomes more essential to give people room to do important things slower.
You've almost certainly heard the phrase, "It's better to measure twice and cut once." It's much easier to do something the right way from the beginning rather than trying to fix it after you mess it up.
Activity does not create progress if it doesn't move you in the right direction.
This reminds me of a distinction my friend Nic Peterson makes. What you want in your business is velocity rather than speed. Velocity implies a vector (and preferably only one vector). You want to move fast in the desired direction, not fast towards distractions, mistakes, or money down the drain.
To add one more layer to this, there's an "almost true" axiom in technology: you can only have two out of these three things: a project done fast, done right, and done cheaply.
But it's only almost true for a big reason. If you've already built the team and put in the work, replicating that work for new projects can be done fast, right, and comparatively cheaper.
Are you just moving fast, or do you have velocity in your business?
Something to think about ...
