Page speed used to be treated as a "nice to have" -- something to fix once the more important things were done. That's no longer accurate on either the user side or the Google side.
On the user side, research consistently shows that a large share of visitors abandon a page if it takes more than a few seconds to load, and that abandonment rate climbs sharply for every additional second of delay. For a business relying on search traffic to generate enquiries, a slow homepage means a meaningful share of your paid or organic traffic never even sees your offer.
On the Google side, Core Web Vitals -- Google's specific measurements of loading speed, interactivity and visual stability -- are a confirmed part of how pages are ranked, particularly when two competing pages are otherwise similar in relevance.
The most common causes of a slow website are unoptimised images (a single uncompressed photo can be several megabytes when it should be a few hundred kilobytes), too many third-party scripts (chat widgets, tracking pixels, font loaders all add up), and hosting that isn't suited to the traffic the site actually receives.
The fixes are usually straightforward once identified: compress and correctly size images before uploading, load non-critical scripts after the main content, enable browser caching and compression at the server level, and periodically audit which third-party tools are actually still needed on the site.
A quick way to check where you stand is Google's own PageSpeed Insights tool, which will flag the specific issues slowing your site down rather than just giving you a score to worry about.
Web Design
Why Website Speed Is a Ranking Factor, Not Just a Nice-to-Have