Saturday, 25 of October of 2014

MindLab: Time, the irreplaceable resource

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My friend Leo often works with organizations facing a tough decision. One of his opening questions is “How much time do we have? Five minutes? Five hours? Five days? Five weeks?” He tries to get his clients to deal with the reality of an irreplaceable resource. We can borrow money. We can use subcontractors. We can rent space. But we only have so much time and we have to use it wisely.

We don’t want to “shoot from the hip” nor do we want to succumb to “analysis paralysis.” But if you wait before you start acting, you only reduce the amount of time you have left and will force yourself to take greater and greater risks. How much time is left before your competitor forces you to react? How much time is left before your best workers retire? How much time is left before your kids are “grown and gone?” How much time is left before you retire?

How much time is left?


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