Delays can have significant implications for a business:
1. Loss of Competitive Edge: In a fast-paced market, delays can result in missed opportunities, allowing competitors to gain a foothold. 2. Increased Costs: Prolonged timelines often lead to increased costs, which can strain the business's financial health. 3. Investor Confidence: Delays can erode the confidence of investors, making it harder to secure future funding. 4. Market Relevance: Delays can make your product or service less relevant if market conditions change.