The Iron Triangle of Truth

As you can tell, I love the Iron Triangle. My favorite was my Dad’s…the “Good-Fast-Cheap.”

It’s universal, and also great to make the point about managing our expectations for our businesses.

As business owners we have our goals and our EXPECTATIONS of HOW AND WHEN to reach them.

“Time-to-Target” is what we call it at SLC.

When we want a shorter Time-to-Target, we can either spend more of our time “in the business” or we can spend more of our money investing “on the business,” or rather the people who will spend that time instead.

We no longer love our businesses when our expectations aren’t aligned with our realities.

Building the great bench to take over our time “IN” the business is neither fast, nor cheap. Building our bench fast to get us “ON” the biz” fast is rarely good. Skimping on the bench’s compensation maybe cheap, but ultimately keeps you “IN” the business forever because of turnover and lack of engagement.

Building the business that we love is about MANAGING OUR EXPECTATIONS. 

Ultimately, when do I need to reach my target, and what are MY PRIORITIES?

What am I WILLING TO INVEST?