What is the Compound Effect and How Does it Apply to Your Business?
The Compound Effect was a term I first discovered from Darren Hardy the Publisher of Success magazine. There is another word we need to use when using the compound effect. That word is PATIENCE….
When we here the word compound we may think of something like interest. Hopefully interest earned!!! The power of the compound effect is that it takes time to build up but once you hit critical mass the magic kicks in and mass explodes, gains explode and you’re efforts and hard work come to fruition.
The problem with the compound effect is that the results are not short time and it can take years until your efforts build fruit. But once we have knowledge of the Compound Effect we will hopefully have more patience, be more persistent and give your labors time to ferment and magnify.
The Compound Effect Method:
What we need to do for the compound effect to take root in our business building efforts is to be consistent, day in and day out do those income producing activities. Things like connecting with new people, building relationships and training. These also include things like personal development. We need to keep getting better and better skills to succeed and to stay on top of our game.
You already know the Secrets to Success. You just may not have the right strategies to apply in your life and business.
No matter what you learn,what strategy or tactic you employ, success comes as the result of the Compound Effect - Darren Hardy: The Compound Effect
- Slow and steady wins the race. Its the little things you do that over time build up and duplicate that makes you wealthy. This reminds me of the old saying, “Much rain wears the marble” Rain is kind of slow and steady but over time it will wear down marble.
- We are creatures of habit. Now, some habits serve us others do not. Just like our thoughts. Now we want to focus on the habits that serve us and let the others fall away. Habit such as regular exercise, personal development, positive thinking and a healthy diet. It general takes doing an act for 30 days in a row for it to become a habit or an unconscious act.
- Time is of the essence. Timing really is everything. But there is no better time to start than now. the longer you wait to start the Compound Effect, the longer you see results. Do not put your success off for some future date, that never comes. Today is a new day, get it flowing right.
If you found any value in this article What is the Compound Effect and How Does it Apply to Your Business please leave a comment and share with friends…