#18 Speed matters in business - you got to have bias for action (Jeff Bezos)

Speed matters in business. It matters in business because, as the two stories we used demonstrate, a/ things are simply moving fast - especially these days with the advancements and transformations of technology, and b/ - because our competition never waits.

So today, we learn how we can move faster. To move faster in business we need to learn how to make decisions faster.  And to make decisions faster, we need to follow a combination of the following steps: 

1. Be comfortable with failure, 

2. Segment decisions in 1 way, or 2 ways doors decision - no worries, I explain what that is in the episode,

3. Have an extreme long term view. And, 

4. Build your operational principles, your 'ten commandments'.

   I hope you enjoyed it.