Picking Your Pace
Luke Bryan has a song, Fast—
Fast
That's the kind of car you wanna drive when you're sixteen
Fast
That's the kind of boys that you want on your home team
Fast
Yeah, you think you're gonna catch your big dreams just like that
Fast
And here you are, looking back
There’s something about moving fast. There are seasons in our life where it’s celebrated and sought after. There are moments when moving fast feels as if it’s the wisest, most valuable, and, quite possibly, the only option we have.
The same could be said for growing a business. Sometimes, moving fast feels imperative to survival or mandatory for success—rooted in the fear of missing an opportunity or losing traction in a fast-evolving market. But, the thing about fast is—whether in business or life—it’s impractical to sustain and nearly impossible to scale. (Don’t believe me? Ask your product manager/owner or team—they’ll have a perspective. I promise.)
I would argue that—similar to life—sometimes the business life cycle requires fast thinking. But that speed should come in seasons, not persistently the way you exist. In this dynamic, seasons of speed are bookended with seasons of pragmatic growth at a strategic and reasonable pace. The goal would be that your business life cycle looks like fast >> slow down >> fast >> slow down…and so on. The slow-down seasons provide space for you to recalibrate, match the infrastructure with operations, and build toward the future—instead of constantly chasing it.
But, business leaders often get jumpy when things turn to slow-down mode—uncertain of what comes next or fear that they’ll lose ground. So, they amp up speed once more, favoring fast over quality. The initial jolt of speed on the strategy produces movement or quick results, but the results are nothing more than a blip on the radar—as the forward motion unravels before it can become true momentum.
Are you saying we should all just take our time when innovating?
Not in the least.
I’m saying innovation should be a cycle. And, slowing down at critical junctures can actually help you speed up when it matters—moving faster than you would if you had never slowed down. But what should the fast-slow-fast-slow season look like?
Here are some guidelines—
Fast
Short-term goals.
Speed must be inversely correlated to the length of time. Meaning, the faster you move, the shorter time you are expected to move without a break. Think of sprinting versus long-distance running. Create goals that are fast, short, and attainable with speed.
Shallow wins.
A shallow win is one that moves the needle for right now. It’s necessary to have in place before you can move to the next phase, but it’s not intended to be the “forever solution”. These wins have a place in innovation and are necessary for growth. But the entire system can’t be built on them. So, pick your shallow wins—perhaps it’s a quick logo or an MVP to test, or maybe it’s a beta service to gain insight into how people use the resource—but don’t even attempt to boil the ocean.
Production over infrastructure.
This is an in-motion state of being. The expectation is to move. The fast phase is focused on producing. If the innovation is net new and you’re starting in the fast phase, be sure you are selecting items that do not require a sound infrastructure to build—otherwise, you’ll be redoing it in the future. If you’re coming out of a slow phase and moving into a fast phase, then you should be focused on building the strategic initiatives that came out of the slow phase.
Easy decision-making hierarchy.
The fast phase can’t be bogged down with red-tape, multi-step bureaucracy. Especially seen in large corporate innovation settings. So, set up clear go-no-go perimeters to help your team quickly move through the decision-making process.