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Forwarded from BUSINESS SUCCESS TUTORSHIP

The Compound effect by Darren Hardy Part-1

Compound Effect

The Compound Effect “is the principle of reaping huge rewards from a series of small, smart choices,” made consistently, over a long period of time.
For example, would you rather have (A) $3 million upfront or (B) one penny that doubles in value every day for 30 days?
If you have taken option (B) then -
Day Money you have ($)
1 0.01
2 0.02
.
.
.
15 327.67
.
.
.
27 1,342,177.27
28 2,684,354.54
29 5,368,709.08
30 10,737,418.16

You can able to see the change after 28 days. It's the power of Compound Effect.

Actionable Steps

• Decide to take full responsibility for your own life – even if you can’t explain how you got here.
• Write down 6 seemingly inconsequential positive steps you can start doing daily (like reading books).
• Identify 6 seemingly inconsequential negative actions you can put a stop to. (less watching TV, less playing video games).
• Identify any areas of life where you’ve enjoyed success in the past but may have become complacent and are no longer improving.

Choices

Choices can be our best freind or worst enemy. They can deliver us to our goals or send us orbiting into a galaxy far far away.

Always remember that -
Luck = Preparation + Attitude + Opportunity + Action
Now -
• Identify the one area of life you’re struggling most with and start journaling all the things you’re grateful for about it.
• Identify and assess an area of life you want to change and that you’re not taking 100% responsibility for.
• Start tracking at least one behavior in one area of your life you’d like to change and improve.

Eliminating Bad Habits

• Identify your triggers.

• Eliminate those TRIGGERS from your Environment.

• Substitute with a REWARD that has the same effect

• Either: Ease into your new reward – (if No.3 doesn't work) some habits are easier to change by cutting them down slowly.

• Or: Make a hard change – others are easier to dislodge with a quick decisive tug at the roots.

Creating Good Habits

• Start Strongly – start with a strong WHY
• Set Yourself Up to Succeed – eliminate distractions
• Think Addition, Not Subtraction – focus on what you will get not what you lose.
• Make a Public Commitment
• Find a Success Buddy –a friend or a coach
• Set up Some Competition – compare the results with yesterday's progress
• Celebrate – training your brain is much like training a dog so don’t underestimate the power of small, simple rewards for good behavior.

Creating Momentum

• Create a good evening and morning routine.
• List three areas of life where you’re not consistent enough. What has this cost you? Decide to be consistent from now on.
• Create a habit register and write down a half-dozen key behaviors (which may be beneficial in the future).

Influences

We Are Affected By 3 Kinds Of Influences

• Input (what you feed your mind)

• Associations (the people with whom you spend time)

• Environment (your surroundings).

• Identify the influence of media and information on your life. Identify ways to protect it from the negative and fill it with positive information.

• Evaluate your current associations. Which must you stop or limit? How will you expand your (good) associations?

• Pick an accountable partner and decide when, how often, what to and how you’ll hold each other accountable.
• Identify three areas of life you are most focused on improving. Find and engage a mentor in each area of those areas.

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