Slow Growth Is Nothing To Be Ashamed Of

Business GrowthMost business leaders have an “immediately” attitude, which is why they tend to rush things. The truth is that such attitude will not help you.

In the business world, we all want things to be fast but the problem is that going fast doesn’t usually co-relate with great as well as inexpensive. This means that if you want things to happen instantaneously you should be prepared to spend a lot of money or you should be prepared to make do with something below average. You are just a startup, which means that you probably don’t have a lot of money. Plus, for credibility and for the growth of your client base you can’t sell anything average. Whatever comes out of your business should be top-notch. Therefore, it is important to take things slow.

However there are many people who are failing to grasp this concept because they still believe that things have to be fast. They say that if you are not going fast, you are giving your competitors the edge. Wrong. Going fast and trying to do numerous things at once will not help you get the edge because, as aforementioned, you will knowingly or inadvertently compromise on the quality of your work. While slow growth is highly acceptable, low quality yield is never acceptable. In your bid to actually build credibility quickly you will lose credibility before you even start establishing your presence.

There is one main reason why we are very hasty today and can barely contain ourselves. It is that we have extremely easy access to information. In other words, we can find all data, all information, and everything else that we want within a matter of seconds. We are so used to fast technology that we refuse to wait. However, would it be ideal to come up with strategic plans based on the results you see on day one of your product launch? Obviously, not. You have to wait at least a few days before you can come up with complete data and make an informed decision. The results on the first day may greatly differ from the results on the following few days. If you neglect that in your bid to get things done fast you will be at a loss.

This is just one example of how hastening things up won’t work for you. If you think of your business planning you will see many such examples and you will then realize that speed is not what you should be after. Ask yourself if you want quality or whether you want speed. If you want both, ask yourself if you have the money for it.

Entrepreneurial Learning

If your business is experiencing slow growth, it is probably a good thing because you are not compromising on quality just to get things done fast. Therefore, you don’t have to worry about things not picking up quickly. Concentrate on quality and take it slow so that you grow at a steady pace and do not spend too much money.

Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net

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