Quick is good, but too quick can be costly.Rushing in business rarely pays off. There are many areas in business where you may be rushing or at least tempted to do so, but in the end you may end up hurting your business or at least not reaping the maximum benefits possible.
Rushing Your Products
If you rush your products, quality is likely to suffer. The fastest way to kill your business is to offer a product that doesn't live up to the standards of quality that the customer expects.
When the product quality suffers, sales are likely to follow, and so is your brand. No word of mouth spreads faster than negative word of mouth. When someone pays money for a product and it sucks, they're going to spread the word like a disease and you might as well flush the reputation of your brand down the toilet. This is especially true if the product in question is what your business is known by. The brand damage will be a reflection of how important this product is to the life of your business, but negativity in any form is never good for your brand, and you want to keep it to a minimum.
Rushing into Change
If you do have to deal with a fiasco where the quality of you product has been called into question, you may be ready to rush into change, or rebrand your business. Rebranding can often be just the spark your business needs to blow up and become a solid brand, but rushing into it is a mistake.
Evaluate the business you already have and make sure that rebranding is really the way you want to go. Remember, you don't want to alienate your existing customers. You can read more on this here (be sure to check the comments for 7 mistakes one reader made when rebranding).
Rushing Your Marketing
If you rush through a marketing campaign, it will probably not deliver the results you are hoping for. This goes for most forms of marketing. Ad space is not cheap, so clearly you wouldn't want to rush your ad. You want it to be perfect so you get the most bang for your buck.
This is the mentality that should be used with other forms of marketing too. SEO experts will tell you that there is a lot that goes into an effective campaign. You can't just throw a bunch of keywords on your site and expect to rank well. You need to implement many ideas for a successful SEO campaign.
The same goes with social media marketing. You can't just throw up a quick MySpace page and be done with it and expect results. You can start a MySpace page, but it's going to take some time and effort to capitalize on it. It's going to take networking. It's going to take participation. It's going to take making an interesting page, and keeping it updated.
Any marketing campaign that you rush is bound to be flawed, and let's face it, campaigns are never perfect as it is.
Rushing your Customers
You may at times be tempted to rush your customers. This is normally a problem associated with brick and mortar establishments. Busy restaurants come to mind. The place is busy. That's good, but if you are rushing your customers that are already there, they will certainly not appreciate it, and may very well feel like they're being intruded upon and decide not to come back.
This also goes for stores with salespeople like I have talked about here. Customers do not want people in their faces all the time unless they actually need help, which very often is not the case. Do not rush them into finding something. Sometimes people just like to browse. Also do not rush them into making a purchase decision. This is again, intrusive.
It is extremely annoying to a customer to feel like they are being hurried. It takes away from the enjoyment of their shopping experience, and ultimately yet again reflects poorly on your brand.
Rushing For Your Customers
One area in which you should rush however, is customer service. This means rush to assist them when they need you to and do it as quickly as possible, because their idea of a fun time is probably not talking to a customer service representative. The quicker you can help them and leave them satisfied, the better.
Yes, I've said it time and time again, and so have many others before me: time is money. That's true, but repairing the damage done by rushing through something will end up costing your more time and quite possibly more money, not to mention your reputation.
Have you rushed things in the past only to have them blow up in your face? What are some other areas where rushing is a good decision?
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