Recently I was talking to an entrepreneur about competitors and market strategies. Then, he said something that stuck with me: time is the great equalizer. That is, all of us only have 24 hours in the day. Competitors don’t get more time. Markets don’t get more time. Yes, some firms have more resources, but they don’t have more time.
Here are a few thoughts on time as the great equalizer:
- No matter how hard I work, there’s always more that I want to accomplish, and I’m not alone
- Software engineering, unlike most other creative efforts, has some of the most incredible economies of scale (one small team’s product can be used by millions of people as readily as it can by 10 people)
- Teams with the best people can run circles around teams with regular people, and time compounds the quality of work the best people perform
- While resources are important, most startups that win do so with limited resources in their first few years
Entrepreneurs would do well to realize that everyone is constrained by time and that it’s the great equalizer.
What else? What are some more thoughts on the idea that time is the great equalizer?