The Biz of Pacelinebiz

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Measure Twice, Cut Once

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Measure Twice

Note: Did you ever feel skeptical about unreleased material from your favorite band or artist that appears out of nowhere for sale around Christmas?  It is always touted as a treasure trove of studio outtakes and leftovers from previous recording sessions.  Today’s blog is somewhat like that.  I wrote this in October and somehow it got lost in my blog folder until now.  I am a little wary about ending the year with this but I feel the quality is acceptable.  Forgive me if it should have stayed in the vault.

No, this is not a blog about carpentry or woodworking.  It is about doing things right the first time.  An adage I heard a lot when I was working for a CPA firm was “there is always time to do it right the last time”.   That was a warning to avoid doing things over until you get it right and eating up all the allotted time in the budget and making the engagement less profitable.

How can we apply this advice to our businesses and how does it help besides avoiding wasting time (and money)?  I think we need to have a process in place for our work so we do it systematically in a way that is focused on efficiency.  If at all possible develop a step by step plan on how and what you do in the order it is to be done.  Break this down in to the smallest segments possible.  I would recommend this to any significant activity that you do on a repeated basis.  I will let you judge what is significant and what is repeated.  If I may offer a suggestion, I would say that if the activity accounts for 10% or more of your work per year, I think you should consider going through the trouble of making a plan.  Another way to look at it is; how long would it take to document the process?   If it takes a couple of hours, and you spend 200 hours a year doing it, the 2 hours spent is only 1% of the time and I believe you could save more than that amount of time in process improvements and having a documented plan of attack. 

The other benefit is the level of professionalism that you have when you are known for getting it right the first time.    I suggest that is very valuable and can translate into higher fees or prices for your service. In the end you may have differentiated yourself from the competition by doing this.  No one enjoys competing on price. 

Have a great week and a Happy New Year getting it right the first time.

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Written by pacelinebiz

December 31, 2012 at 8:51 am

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