Which Are You–Good, Fast, or Cheap?
February 29th, 2012 by Bob Bly
A sign on the shop floor of a manufacturing facility showed a triangle. Each corner was labeled: one was GOOD, another was FAST, the third was CHEAP. The caption under the triangle said PICK ANY TWO.
It makes sense to me. If you are cheap and fast, you probably aren’t very good. If you are good and fast, you can and should charge a premium fee. If you are cheap and good, you probably don’t allow customers to rush you.
If you are all three — cheap, good, fast — you are under constant pressure and probably not making that much money.
Which are you — good, fast, or cheap?
This entry was posted on Wednesday, February 29th, 2012 at 10:41 am and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
February 29th, 2012 at 11:16 am
I am good, because quality is one non-negotiable item as far as I’m concerned. As for the other two — well, let’s just say that the faster I’m asked to be, the less cheap I become.
March 2nd, 2012 at 5:37 pm
I’ve used a similar analogy for years. Great work takes time, talent and money.
You decrease the time, then you automatically increase the cost and talent requirements.
If you decrease the talent, then you increase both cost and time.
And finally, if you decrease the cost, then you increase the time required to do the work and you still need the talent.
The bottom line: you need all three to solve a given problem. As the waterline goes down on one, you automatically raise the level of the other two.
I’ve found this quite useful in negotiations. Every one gets it.
March 5th, 2012 at 7:31 am
[…] Which Are You–Good, Fast, or Cheap? […]
March 21st, 2012 at 10:47 am
If I have to pick two out of three, I will choose good and fast. Quick thinking allows you to create a concept fast, and once finished, you have spare time to look back on it and make sure that it is something worth of presenting an audience.
Being cheap is only good for commodity businesses because it’s the nature of the beast. For service providers, everyone should aspire to be good first, and then fast.
April 26th, 2012 at 1:38 pm
This was very helpful
May 13th, 2021 at 2:45 am
It is really nice blog that become inspiration to everyone.
Remove a curse
May 26th, 2021 at 3:09 am
I am Cheap and fast because most people mostly choose Cheap and fast service.
By the way, as a guest, I also have a good and fast service known as Peer To Peer Lending which is giving a good interest rate on Lending money. Follow the link.
May 26th, 2021 at 3:14 am
According to my, fast and good will be better because the one who is fast is always good so I choose this.
Do you know I know a site which gives fast and good Landlord Insurance service? Visit the Link.
June 11th, 2021 at 8:25 am
Bringing home a new puppy is a wonderful experience involving the whole family, which is why we begin training tomers a great amount of support, we assist in the preparations to make it less stressful. To provide a completely different environment for our puppies, we thoroughly researched and make sure this puppies will only go to respectable families
https://pugslandbreeder.company.com
June 16th, 2021 at 4:11 am
Very valuable information you have here. Thanks..
how to get rid of family curses
June 18th, 2021 at 6:03 am
Thank you for the post Passport Renewal in Faridabad
June 24th, 2021 at 1:17 am
Your article has piqued a lot of positive interest. I can see why since you have done such a good job of making it interesting.
June 28th, 2021 at 2:42 pm
https://savannahbengal.company.com/
July 5th, 2021 at 11:06 pm
If you visit then share your shopping experience with them at Save Mart Survey.
August 27th, 2021 at 2:48 pm
Best Merchant Cash Advance Leads are exclusive Leads addressed to you Merchant Cash Advance Leads is the Qualified MCA Leads Data provider as a firm in the entire globe.
September 20th, 2021 at 10:51 am
I am good because quality is the most important thing for us. quality is something which helps keeping recurring customers and thats what keeps you in long term business. We get 6 months to prepare for next collection and if we want things to be fast we have to use more resources as we cant compromise on quality
October 1st, 2021 at 11:25 am
Stay warm dean winchester coat and shop Forever 21’s sale jackets. Find women’s jackets on sale in every style: bomber, rain jackets, puffers, color block anoraks + more!
October 3rd, 2021 at 1:05 pm
Tote bag afb88 this bag Very good and what you do here is amazing I want to do it like you
December 7th, 2021 at 3:05 am
Shop from a wide range of Mens collection from Ndure. Shop from a wide variety of men shoes online in Pakistan, Mens chappals, sandals, sneakers, sports wear, loafers, slipons and boots from Ndure. Our shoes are made from best quality material that is durable. Shop from a wide range shoes color and style.
Shop best quality formal dress shoes for men online Pakistan from Ndure. Shop from a wide range of colours and styles, available exclusively at Ndure. Ndure Men’s Formal Shoes are made from best quality materials, with soft shoe sole. Style a handsome look in best quality Men’s Formal Shoes.
Shop best quality fancy heels shoes for women online in Pakistan and pencil heels from Ndure Shop from a wide range of colours and styles, available exclusively at Ndure. Ndure Women s fancy heels and pencil heels are made from best quality materials, with soft sole Style a chic look in Ndure Shoes.