There is no "one right way" to build a company.
As a result, entrepreneurs seeking guidance will always be given contradictory advice on how to build their business, from both "experts" and the uninformed alike. Ultimately, it is up to the entrepreneur to evaluate the opinions they receive and pursue the path they feel is best for them.
The Startup Lean presents two differing viewpoints on key entrepreneurial topics for you to decide which way you lean.
This week's topic centers on growth strategy;
|This Week's Topic:
Which is the More Effective Growth Strategy: Fast or Slow?
|"It simply means there are more things--not just in getting the work done today, but in reconfiguring things to put up with a rapid-fire strategic challenges and technological discontinuities and everything else--which have to be handled faster or you lose. So you’re getting hit with both. Tomorrow is coming at you faster and you still got to get your job done today faster than the guy next door. And it's a lot."
- John Kotter (Author, "Accelerate")
How Companies Can Embrace Speed
|"You are worried a competitor might swoop in and capture a significant portion of the market before you do. The temptation is high to scale up your operations quickly. But be careful. While growth is important, scaling up effectively sometimes requires slowing down."
- Rebecca O. Bagley (CEO, NorTech)
Why Scaling Up Sometimes Requires Slowing Down
|Which Way Do You Lean?
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(Speed limit signs image via Shutterstock)