“Compounding is the greatest mathematical discovery of all time.”
MORE IDEAS FROM THE ARTICLE
“Be patient with yourself. Self-growth is tender; it’s holy ground. There’s no greater investment.”
When we improve a little on a daily basis, big things occur over time. We need to stop focusing on radical, sudden improvements, as quick-fixes aren’t lasting anyway.
Consistent and sustainable gains are only achieved by small, incremental improvements on a daily basis.
Kaizen, which means continuous improvement in Japanese was originally developed by Depression-Era management gurus in the US. The Japanese embraced the idea of improving and thriving in small steps, as opposed to working on a BHAG (Big, Hairy, Audacious Goal).
The long, hard process looks difficult but is actually easy if we just focus on the small step that needs to be taken today, and do that consistently.
Setting a goal is easy, just like marking a date on the calendar. The real challenge is always the willingness to accept what we need to do daily to achieve those goals.
We need to design a system that has to be practiced daily, as the commitment to a process provides the compound effect. Example: Learning should not be limited to college, but should be a lifelong system imbibed in your pursuit of knowledge, enriching your life and making you a better person.
It means focusing on consistent improvements in your life, no matter how small the steps you take towards your goals. Becoming even 1% better everyday is a simple, practical way to achieve big goals.
... is that they can be intimidating. They can paralyze you into inaction.
The big picture can be overwhelming, but in little parts, it seems achievable. Every step forward brings you closer to a goal. Consistent action coupled with time guarantees lasting progress.
Is an ongoing effort to improve all elements of an organization - processes, tools, products, services, etc.
It rests on the belief that a steady stream of improvements, diligently executed, will have transformational results.