March 10

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Motivational Moments: The Compound Effect

By Leslie Hassler

March 10, 2014

It is easy to be discouraged when achieving the success of your dreams seems so big.  But the secret is that success is really about taking small steps consistently every day.  Your 90 day success plan is an easy way to know every day, for 90 days what that small step is.  How do you take those small steps? {click here}
Well actually, these are the easiest steps to take.  Why? Because they emphasize the small.  Why is small powerful?  Because it has discipline as an ally.

Darren Hardy, The Compound Effect via Amazon.
Darren Hardy, The Compound Effect via Amazon.

Perhaps no other modern book illustrated this than Darren Hardy’s The Compound Effect.  I had the pleasure to see Darren IRL a few years ago, and I love this one anology. And, I paraphrase…
It’s not as fs a man who suddenly has a heart attack after eating a hamburger can blame the hamburger he had today for the cause of his predicament.  It is the course of the daily decision, aka discipline,  to have the hamburger over a salad that had the effect.  It is the slow, simple choices that lift us or cripple us.
via Jim Rohn
There is another analogy that Hardy shares about which would you rather have, $1 MM today, or 1 cent, compounded daily for 30 days?
Got your answer?
Personally, I would take the 1 cent compounded daily.  Why,  take a look at this…

Pennies In A Jar

One cent! Because…. look at the bottom row.
Day 1: $.01
Day 2: $.02
Day 3: $.04
Day 4: $.08
Day 5: $.16
Day 6: $.32
Day 7: $.64
Day 8: $1.28
Day 9: $2.56
Day 10: $5.12
Day 11: $10.24
Day 12: $20.48
Day 13: $40.96
Day 14: $81.92
Day 15: $163.84
Day 16: $327.68
Day 17: $655.36
Day 18: $1,310.72
Day 19: $2,621.44
Day 20: $5,242.88
Day 21: $10,485.76
Day 22: $20,971.52
Day 23: $41,943.04
Day 24: $83,386.08
Day 25: $167,772.16
Day 26: $335,544.32
Day 27: $671,088.64
Day 28: $1,342,177.28
Day 29: $2,684,354.56
Day 30: $5,368,709.12
One cent daily, compounded daily may not seem like a  lot at first.  But imagine just taking one step, one small action once a day. And then each day taking a slightly bigger step.  At the end of the thirty days – where would you be?

via First Light Federal Credit Union.
via First Light Federal Credit Union.

Now, imagine the power of knowing where you wanted to go, so that there were less missteps and sidetracks along the way.. How much further would you be?
So today’s Motivational Moment?  Whatever it is, just take the next best although small step.  It is not about how big the step is, but how many steps you have taken.
It's not as important if you steps and actions are big or small.  It matters that you take them completely at all.
It’s not as important if your steps and actions are big or small. It matters that you take them completely at all.  – Leslie Hassler

Leslie Hassler

About the author

Leslie Hassler is a popular author and speaker who spends much of her time coaching business owners on how to run their growing businesses by their rules. Delivering high-touch, personalized service, Leslie works with her clients as a partner, not just a consultant (who would pop in, tell you what to do, then leave).

Leslie teaches her clients a structured way to decide what to do first, second, next -- and never – in their businesses, so that they can learn to do it for themselves. Leslie lives in Dallas with her husband and two kids, so she knows it’s not just about growing the business – it’s about getting the business ship shape so it grows and you can be home in time for dinner.

Leslie speaks on topics such as business leadership, prioritizing the business owner’s To Do list, and how to create and implement a strategic plan for growth.

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