Slow and Steady Doesn’t Always Win the Race
When it comes to running a business, columnist Matt Kirchner makes a case for rapid growth.
“Slow and steady wins the race” seems to be conventional wisdom in a lot of situations. But in this month’s About Your Business column, Matt Kirchner makes a case for a different way of doing things: “The faster you go, the more balance you get.”
Mr. Kirchner first became familiar with this lesson when learning to ride a bike. It turned out to be the beginning of his lifelong passion for cycling and a strategy he used when starting his own businesses.
In the column, Mr. Kirchner argues that rapid business growth has many benefits. It gives a company momentum, so that the effects of mistakes are not felt as strongly. It can also help prevent people from dwelling on mistakes, keep teams engaged and make customers more enthusiastic. Read the column here.
Shops can easily view chips simply as waste, hardly giving a second thought to the disposal process and the potential related savings. By keeping an eye on the waste and choosing the most efficient methods of chip disposal, a shop can easily add to the bottom line through substantial savings.
The shallow talent pool of available skilled machinists can be an even bigger obstacle to the shop that is rapidly growing. Perhaps the best solution is to attack the problem from within.
As the metalworking industry becomes more specialized, so does the equipment that cleans it. But as diverse as the industry is, it should come as no surprise that there is no single vacuum that can handle all of its requirements.