Kaizen means change for the better. In this book summary, I have found why us important to have a daily morning meeting and practice Kaizen every day.
The Compound Effect – Darren Hardy – Book Review Summary
Let’s play a little scenario now pretend someone offered you the following put in 30 minutes a day the same time every day to push your skills and show Improvement at the end of the first week.
You’ll get ten dollars with a 10% raise at the end of each week.
If you consistently put in the time day after day or you are offered $5,000 to put in the same amount of time, but you don’t need to do it on a consistent basis.
Has and you don’t need to improve your skills.
You can just use your existing skillset.
Which would you take let’s say you took the first option in your friend takes the second you start putting in a small amount of consistent work each day after an entire month of daily effort.
You’ve made fifty-one dollars and one cent meanwhile, your friend is just cashed in a check for $5,000 after the second month.
Your friend is rubbing it in your face.
You just made $10,000 not needing to push himself and here you are working day after.
Day for a petty hundred and twenty-five dollars 81 cents after this point your family start suggesting that you should take the other offer as it’s still on the table, but you don’t get discouraged you believe in what you’re doing and you know, the hard work will pay off one day after the third-month people are getting downright angry with you.
You’ve only made two hundred and thirty-five dollars and twenty-four cents.
I think you’ve made a stupid decision and beg you just take the other offer but you ignore them and keep proceeding a year goes by you only have 15,000 $541.
To your friends $60,000.
He’s living a comfortable life and doesn’t really have a care in the world.
Meanwhile, people are openly ridiculing you for giving us such a great opportunity to make easy money only after 16 months.
Have you made the same amount of money as your friend your friends and family only have one thing to say.
It’s about the damn time after 60 months of putting in the workday after day and receiving a 10% increase at the end of each week only now.
Are you starting to see significant results the next month you make Forty thousand dollars in one month the month after that you make fifty-nine thousand dollars at the end of that second year you have accumulated just over two point two million dollars an average of 1.1 million per year to your friends 60,000 a year your family and friends are dumbfounded your friend can’t help but think he’s missed out on something significant sure.
He’s comfortable with 60 Grand a year, but he’s filled with regret what this story illustrates.
Small Consistent Smart Decisions
Is that small unsexy but smart Decisions made consistently every day that are in alignment with your big Vision lead to seemingly incomprehensible and incredible results that you can be truly proud of One Day author, Darren Hardy calls this The Compound Effect.
Darren is a multi-millionaire.
He’s interviewed six successful entrepreneurs a month for his magazine success and he’s found that almost all self-made success uses The Compound Effect.
He says, what’s most interesting about this process to me.
Is that even though the results are Some of the steps in the moment don’t feel significant.
The changes are subtle there almost imperceptible the small changes you make everyday offer.
No immediate result.
No big win and no obvious.
I told you so pay off.
So why bother it’s hard not to think this way when we live in a culture that promotes what Darren calls in microwave mentality.
We expect instant downloads fast food and same day shipping to stay true to the compound curve.
We need to trade the need for immediate results.
For immediate alignment with our core values Darren says your core values are your internal Compass your guiding Beacon your personal GPS.
They act as the filter through which you run all lives demands requests and temptations making sure they’re leading you towards your intended destination getting your core values to find and properly calibrated is one of the most important steps in redirecting your life towards your grandest vision when you know that what you’re doing from moment to moment.
That the choices and decisions that you’re making from moment to moment are in alignment with your core values.
You stop needing to have instant results show up in your life.
You are content in knowing that you are becoming the person that you want to become to discover your core values within your work setting complete the following exercise think of someone successful within your field or the field you want to work in that you respect then ask yourself what he attributes most contribute to their success.
When I do this exercise, I think of people that are curious Learning and push themselves to produce great things in the world.
Therefore my core values in work are learning and creating things that challenge the status quo.
Now, it’s my duty to know if my actions are in alignment with my core values.
So I need to monitor every single choice that I make while working.
Darren says that most of us are sleepwalking through a daily choices half the time.
Work Focus Log
We’re not even aware that we’re making them to make sure that I am aware of my choices during my work hours.
I’ve started writing down every work-related decision that I Make at the top of each hour.
I write down what I focused on the last hour.
Then at the top of the page.
I write down my core value learning and creating.
I then objectively cross out every decision that I made that doesn’t align with my core values.
This exercise has sharpened my focus.
I’ve started to notice things that aren’t in alignment with my core values almost immediately knowing that I’m making small decisions that are moving me towards the person I want to become is enough to quiet my monkey mind from wanting to see instant results.
The act of aligning each work decision with my core value provides me with the reassurance and motivation to stick with my daily pursuit of achieving a compounded incredible result in my life.
Sometimes knowing that we’re making good choices isn’t enough to know that we are on the right path the compound path.
We need to focus and measure the percent gains not the net gains in the initial example.
If I were to focus on the net income, I was making each month and how Petty it was in comparison to my friend then
I would have given up but by focusing on the month-over-month return the percent gain, I was achieving each month.
I develop the certainty to stick with it.
So during your Pursuits actively measure the percent gains and focus on your momentum, if your efforts are producing month over month or week over week improvements in your daily choices are aligning with your core values.
Then you need to be patient.
We humans routinely overestimate what we can produce in a week, but we vastly underestimate what we can produce in a few months or years.