Money loves speed. There is something about money that makes it attracted to speed. Usually, getting to market now instead of 6 weeks from now is better and tends to get you a better revenue stream than trying to get to market with a perfect product. Hitting the market fast, means that you will be able get more of the market shares than someone who waits for a month or a year. It is better always to be in business now that in future. Waiting until you are perfect will almost always procrastinate your success.
Money Loves Speed and Money Loves to Circulate:
Since you now understand that money loves speed, it is also important that you invest in things that will help you increased on your deliverables. Investing in systems and tools or machines that make you work faster helps you achieve the same result in a much shorter time. For instance, instead of a farmer using a hoe to till his land, he may consider using a tractor that not only covers more ground but also provides a uniform texture on the piece of land. This also means that you will be able to sow your seeds faster and be ready faster. If your process is faster then there is the possibility of getting to market faster. It is this kind of speeds that money responds to. If your product is first to market, you inherently develop a lead over other people who are producing the same. In trying to ensure that you match up to the speed of money ensure, that you invest in systems that make you achieve your goals faster. Of particular importance is to ensure that you invest in coaching. Coaching is one of the ways to ensure that you have focused your energies in the right way. It is a simple way of getting unqualified advise on what direction to follow with your business strategy.
Importance of Business Coach:
Most people will look at coaching and whine over the amount of money that it takes. In fact, looking at it from a purely accounting perspective, coaching can be written off as of no use to the business. Most people do not really understand the value that having a business coach adds to the performance of the business. However, when you step back and really examine it, especially in relation to the fact that money loves speed, you understand that having a good business coach by your side will go a long way in helping you get your ducks in a row. Consider this, when you want to start a new line of product in your business; there will often be many challenges that will throng your go to market strategy. Ensuring that you can reach the market as fast as possible will help you cut costs. It will also ensure that your product will hit the market before your competition reaches the market. This means you can also start counting on that revenue stream as you improve it going forward based on feedback you have received from the market.