Taking big risks: When to move fast and break things

A more conservative and cautious approach, allows a steadier drip of rewards, but less chance of creating a game-changing break through.

Photo credit: Shutterstock

‘Move fast and break things’ is the approach that created the world’s most dominant tech companies. It led to the product that you may have used five minutes ago. Innovation means taking risks. But taking this line of thought, outside of the tech space can lead to problems more resembling: move fast and fake things.

Like an ageing auditor with their green pen, does one take a step by step, slow methodical approach to businesses, or like a 20 something Silicon Valley tech wizard, do you throw things at the wall and see what sticks? Move fast and break things – suggests the risk of a few occasional mistakes are a small price to pay for speedy innovation. It’s yin and yang, but not exactly black and white, with all sorts of grey areas.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.