Follow Adam Linkedin Twitter Facebook
Email Adam Email
Business Growth
Aug 15, 2016

It’s All About Pace

Sponsored Content provided by Adam Shay - Managing Partner, Adam Shay CPA, PLLC

At our CPA firm we are fortunate enough to work with a variety of business owners within a variety of industries. It’s what keeps our days fun. We work with some businesses that are well established and some that are just starting up. Some are wildly successful and some are struggling to achieve their goals. I see a common theme with those businesses that are successful, regardless of the industry
 
It’s all about pace.
 
It’s no secret that high growth startups are all about pace. They’re trying to be first to market, hit milestones to aid in the fundraising process, and to continue to push innovation at a breakneck speed. It’s in the innovator’s DNA and you have to embrace the pace or you won’t last long in the startup world. It’s partially why that world is not for everyone – not everyone has that drive and motivation to keep themselves going when the tank is on empty. 
 
I would argue that pace is important for the success of all businesses. If you’re operating a more traditional business, your team still needs to have pace and a sense of urgency to get work done. You need a pace in responding to business leads and customer inquiries. Otherwise a better modeled business will jump in and grab them. Pace and a sense of urgency is a simple but effective way for your team to distinguish itself from the competition. It seems basic, but it will really provide your team with a sizeable advantage.
 
How do you have effective pace within your company?

  • The CEO needs to know where he or she should be focusing efforts while delegating effectively to the team.
  • The team should have a clear understanding of where things are headed and what they need to do to get there.
  • The team needs to have the skills to determine what is important and what is not so that it can focus on key initiatives.
I will add that pace is a two way street. You can push yourself and your team by going too far, too fast. This can lead to team member burnout, simple errors, and an overall poor customer experience. While I know some startup people will disagree with this, it can be important to regroup, recharge and refocus. I’ve pushed myself too hard too often and have experienced the detrimental physical effects. Like everything else, pace comes down to balance. 
 
My goal today was to help raise awareness of pace as it pertains to your business.
 
Adam Shay, CPA (N.C. License Number 35961), MBA, is managing partner of Adam Shay CPA, PLLC. He focuses on minimizing taxes and improving the financial results of entrepreneurs, and is actively involved in supporting the Wilmington entrepreneurial and startup community. For more information, visit http://www.wilmingtontaxesandaccounting.com/ or email him at [email protected]. He can also be reached by phone at (910) 256-3456.
 

Other Posts from Adam Shay

Adam shay blk 52015121549
Ico insights

INSIGHTS

SPONSORS' CONTENT
Lynnwhitesellheadshot

Executive Coaching: Helping Successful Leaders Become More Successful

Lynn Whitesell - Harris Whitesell Consulting
Robindavisccu1 1011944433

Is A HELOC Right For You?

Robin Davis - Corning Credit Union (CCU)
Carolinemontgomery4

KPIs: Finding Your True North

Caroline Montgomery - Adam Shay CPA, PLLC

Trending News

Panda Express Expected To Open This Week

Jessica Maurer - Dec 11, 2019

Southport Restaurant Closes Its Doors

Jessica Maurer - Dec 11, 2019

Vantaca Moves To MegaCorp's Former Headquarters

Johanna Cano - Dec 10, 2019

Local United Way CEO Retires

Cece Nunn - Dec 11, 2019

White, Olson-Boseman Talk Hospital, Unlikely Partnership At Power Breakfast

Cece Nunn - Dec 12, 2019

In The Current Issue

First Carolina Bank Hires Cameron, Preps For Branch

The next six months will be busy ones for First Carolina Bank, as the Rocky Mount-based financial institution prepares to open a full-servic...


Can Tech Giants Break The Bank?

Are tech companies aiming to supplant banks, or are they moving into the realm as partners with established banks to help banks improve thei...


Retired Leader Reflects On Service

Ann Hardy, who recently retired as manager of Brunswick County and received the Order of the Long Leaf Pine in October, looks back on her ca...

Book On Business

The 2019 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2019 Health Care Heroes
August 26, 2019 Power Breakfast: A Healthy Sale?
2019 WILMA Leadership Accelerator
2019 WilmingtonBiz Expo Keynote Lunch - CEO, nCino, Pierre Naude`