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Gilbert Fiorentino | Cycle Time
Gilbert Fiorentino Here’s a neat mantra:Today Means Today….Do what needs to get done today before you go home. There is no tomorrow—get everything done today! I started preaching this Cycle Time concept a few years ago. Cycle time is a phrase that describes how long it takes to complete a given task. You can use it to measure any sort of process from things like closing deals in a business, how long it takes to receive a product ordered online, or even how long a waitress takes to bring you your check at the dinner table.Whatever it is, as a business operator you need to find ways to reduce cycle time. Businesses these days operate 24×7 and you need to act like one, today and every day. It is necessary for survival. Now; are you ready for some really deep thinking? Cycle Time is often the antithesis of precision. For example, if your goal is perfection and you work for a company like NASA or a Hospital then in that case, Cycle Time is not important. Precision is ALL that matters. Take your business, on the other hand. A fast business must be willing to give up perfection in favor of Cycle Time. In many cases, the difference between completing a project in 3 or 6 months could cost the company dearly because the market changes so fast these days. So what do you look for, precision or Cycle Time? Do you take months to map out a plan, then take months to see through the plan and make sure everything is perfect in the planning and execution? Or in the alternative, do you determine that a certain amount of chaos is worth the savings that come with a first-to-market implementation, or better customer experience? It sometimes takes thick skin, but my advice is to take the Cycle Time path every time, and don’t worry as much about precision. There are always bumps in the road and your ability to respond and react quickly is what will make you great! Author: Gilbert Fiorentino Edited by: Nestor Villalobos