FTR - First Time Right!
Is it really impossible to get things right the first time?
I used to think so, too. In my early days with eYantra, I believed that experimentation was the key to success. We tried, failed, and learned a lot, before we succeeded.
But those failures came at a cost, not just in resources but in time and morale as well.
As I moved forward in my journey with Zaggle, I realized something crucial - while experimentation has its place, there's immense value in getting it right the first time.
This realization led me to adopt the ‘First Time Right’ (FTR) philosophy. It's a mindset that says, "Let's reduce needless failures by preparing thoroughly and executing with precision."
At its core, FTR is about working smarter, not harder. It’s about honing your skills, gathering the right insights, and leveraging experience to ensure that when you take that leap, you land on solid ground.
During Zaggle’s IPO journey, this approach was put to the test. We faced countless challenges and complexities, but our commitment to FTR paid off.
We didn't just complete the IPO process; we excelled at it. The result? A 13x oversubscription - a testament to the power of getting it right the first time.
So, why do I advocate for FTR? Because after years of trials and errors, I’ve learned that success doesn’t have to be a product of repeated attempts. In short I’d say:
FTR = E² + I²
With the right mix of Experience (20%), Expertise (25%), Innovation (25%) and Intuition (30%), you can achieve it from the outset.
I firmly believe that the FTR approach can transform any business willing to adopt it. When you focus on getting things right the first time, the results aren’t just good - they’re extraordinary.
#FirstTimeRight #FTR
Founder, CEO, Director
4moThe champs of wealth management and just great people. Go IEQ !