The Long Way Down: Why Cutting Corners In Your Business Beginnings Is Never A Good Idea
The business world is tough, especially when you’re attempting to build your success from the ground up. The sheer amount of work on your plate may be enough to keep you awake nights, and the chances are that you’d do anything to ease the load, including cutting a few corners.
Quality and due process do, of course, matter, but it’s astounding how many of us convince ourselves otherwise during those difficult starting stages. More often, we assure ourselves that we’re merely cutting corners now to build up to better things in the future. The trouble is that, as you may soon find out, cut corners at any stage could come back to trip you.
While doing things properly can take time and more effort now, then, keep on reading to find out why the long way is always the right way where your new company is concerned.
Products with short shelf lives could lose you customers later
Many new companies invest in cheaper product materials and quicker processes. Unfortunately, while these may sell in the short-term, they’re guaranteed to have a shorter shelf life than, say, a competitor’s offering that’s made to the highest standards with fixtures of tungsten carbide or similarly durable materials. And, when your products start breaking later, the bad reputation that follows could quickly lead to lost custom. That’s hardly the message you want to send, and it’s a pressing reason to perfect long-term production now.
Poor business projections
Cutting corners with your business plan or projections could also cost you. We get it; this is a pretty dull part of business, but it’s a fundamental aspect that you can’t afford to skip. Why? Because those early projections will become the driving force that takes your business from strength to strength. Cut corners on these, and you’re as good as cutting corners on your company’s growth. Don’t make that mistake. Instead, sit down, look at the figures, and start building a realistic, and long-winded, projection plan from there.
Processes that can’t stand the test of time
Cutting corners with your general processes is also a significant no-go. Cheating with your spreadsheets and doing HTML the lazy way might be all well and good when you’re the only face in your company, but remember that there’s going to come a time when you have an entire team to back you. And, when you do, it’s vital that you make better decisions about the processes you implement. That means taking your time and spending the money now to get the right programmes and training in place to guarantee success across a team as and when the time comes.
We get the temptation to skip ahead, we really do. With your competitors ever growing in strength, you may even feel that this is the only way you can catch up. But, trust us when we say that slow and steady wins the race. Or, in other words – going the long way around is always better for your business.