Speed is your friend

Time for this week’s Product Bite; practical insights about building and scaling products and businesses.

Hope they resonate and spark some fresh perspectives and actionable strategies!

📚Quote: "Speed is the only competitive advantage in business today." Jack Welch

🌟 Examples:
- Amazon's "Two-Way" and "One-Way" door framework empowers rapid decision-making, fueling its innovation engine.
- By staying laser-focused on the Minimum Viable Product (MVP), Dropbox gained early traction and success.
- Known for the mantra "Move fast and break things," Facebook (Meta) prioritized rapid iteration and innovation.

Speed isn't just about working faster; it's about fostering a culture of adaptability and swift decision-making.

But let's be candid; I've been there too. It's hard to reduce scope and ship early. We're wired to think more is better. However, time and again I’ve seen how getting ideas out, engaging with customers early, and embracing testing is the way forward to keep the momentum going and facilitate continuous learning.

Swipe through the carousel below ➡️ for more details and examples to build a deeper understanding!

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