Achieving Maximum Success, One Small Step at a Time: The Compound Effect by Darren HardyEston Swaby
Before I read The Compound Effect, I never read one book two times, in fact before The Compound Effect I would often times take 1 month to read a book, all this change when I first took up Darren Hardy book, The Compound Effect. The first time I read this book it took me approximately 3 days to read it, the second time a little bit longer. This is a testament to how powerful this book is and why I am recommending it to you if you want to be successful in your relationship, career or business, earn more money, and be successful overall, the essence of the book is that small steps done on a consistent basis will lead to maximum success.
The compound effect is the strategy everyone can use to reap huge rewards from small, seemingly insignificant actions. It’s a book that teaches you to multiply your results and success by using the compound effect.
The Compound Effect summary and Lessons
To help you get a better understanding of the book and to start putting the different lessons in The Compound Effect into practice, here are few lessons I learnt by reading The Compound Effect by Darren Hardy and my own take on each.
Consistency is the ultimate key to success. If you want to be successful at anything, you have to be consistent. If you are in business you have to consistently provide the best service and or product possible consistently. Many businesses fail because they started off offering phenomenal products and services but soon as they start growing they become complacent and stop being consistent. I have stopped using few companies’ products because of inconsistency in service. You have to be consistent if you want to be successful at anything. The moment you become inconsistent in whatever you do, even in your relationship, your growth will be affected. This principle applies to everything you do. Consistency is the key to success.
You cannot improve something until you measure it. If you want to improve an area of your life, start measuring it, awareness is an important key to success because you cannot change or improve something if you don’t know what to improve. For example, if you want to manage your finances more effectively, start measuring what you spend each day and how much you earn. If you want a better relationship with your partner, commit to doing a relationship review each weekend. Cover what went well in your marriage that week. Rank your relationship on a scale of 1-10 over the last week and then ask what could get it to a 10. In other words, you need to start taking inventory of your life, look at what is working and what is not, and what you can start doing differently.
Align your goals with your values. Many times we set goals that are in conflict with our values, when this happens you’re going to self-sabotage or feel guilty about your progress. For example, if your family is a high priority, but your business is taking too much of your time to the point where you are not able to spend time with your family then there is friction between those two goals. Your goals need to be in alignment with what matters most to you else you are going to feel guilty and sabotage yourself
Always take 100 percent responsibility for everything that happens to you. You and only you are responsible for the thoughts you think, your emotions, your behaviors and the results you experience in your life. You cannot keep blaming outside forces or events and expect to live a successful and fulfilling life. The Government is not responsible for your success, your spouse is not responsible for your happiness, your parents are not responsible for your life, you have to take 100% responsibility for your life and results. If something is not going the way you want it to, start asking yourself, what can I do? What did I do that led to this result?
If you want to be successful, start taking small consistent steps towards your goals, if you want to have a striving marriage with your spouse, start looking at the little things you can do because it’s not about the big things, it’s about the little things, for example finding something to admire about your spouse each day. It is about the micro wins and not so much the macro wins. Don’t focus on the big things, but the little things because it’s the little things that will bring about the big results you want to experience. Have your big goals, yes, but then break it down into small steps that will take you to that big win.
Every dollar you spend today is costing you $5 in twenty years. (Because of opportunity cost from investing.) Before you start spending, stop and ask yourself, what am I giving up by spending this $1 instead of investing it into my future? Is what I am about to buy really worth it in the long run? Many times we buy things because we think we need them or because they are on sale only to toss them aside later on. I am guilty of this, and you are probably guilty of this. I remember buying something to store my shoes in because the sales guy convinced me I needed it. I probably used it only once just to see how it works and then it was toss aside. It added no value to my life.
Small choices + consistency + time = significant results. It’s not about the big things or choices that will either derail your success or move you closer to your goals and dreams, it is the little choices that you make consistently that will bring about the results you want to experience. The life you are living right now is a result of the little choices you have been making up until this present moment, even you reading this article right now is a result of several small choices some of you which you probably were not even aware of them. If you want to change your life, start making small choices that will move you closer to your dreams.
Garbage, garbage out. Don’t waste your time watching TV, eating junk, reading useless stuff, consuming negative stories, and more. What you put in that is what you are going to get out, you can’t expect to perform at your best if you are not feeding your mind with the right ingredients such as through books, inspirational messages, watching motivational videos, attending conferences, seminars and other events and surrounding yourself with positive people. If you want to run at optimum level, start putting in the right stuff.
Success is doing a half dozen things really well, repeated five thousand times. No one ever become successful overnight, that person who you admire because of what he or she have been able to achieve have probably done 12 things that you probably not even aware of repeated over time until that person is where he/she is right now. It’s not about the one event, it’s about what you do over and over right.
What are you willing to tolerate? If you tolerate people being late that is what you’ll get. If you tolerate earning less than what you’re worth, that’s what you’ll earn. You get in life what you tolerate, what you tolerate is what you expect.
You don’t need more knowledge. You need a new plan of action. Many of us we know what to do, we bought the courses, attend different conferences and seminars, read the books, now what we need to do in order to achieve our goals and dreams is to start taking actions. The difference between someone who is a multimillionaire and someone who is struggling to pay the bills comes down to what they do, not what they know. You already know what to do, start putting a plan of action together and start executing, if you are not sure what to do, hire a coach who can help you to start taking consistent action.
If you aren’t better, work harder. With enough time and work hard you can beat anyone if you are willing to work harder than the other person. If you’re not the best in the class, study and work harder. If you are not the best in the company, put in 2-4x times as much work as the other person who is before you, be the hardest in the room.
Choice is at the center of all success and failure. It is what we choose that makes the biggest difference. Too often we sleepwalk through our choices. We default to choices that our society and culture tells us we should do.
When you lose two weeks of work, you don’t just lose the work you would have done. You also lose momentum and that is the bigger problem. This is why consistency is very important because when you play the start and stop game you lose momentum and when this happens starting becomes harder each times.
Always go a little bit beyond what people expect. Just by doing a little extra you could 10x your results. Look at what you do and at your relationships and ask yourself, what can I add to this to make it a little better or what can I do that people never expected that will have them talking about my product or service?
Write down your most important goals. Your goals are just a wish if they exist only in your head, write them down and review them daily.
I hope you found something from the lessons I have learnt in this book, The Compound Effect by Darren Hardy, I would love to know in the comment section, what is one thing you got from this review that you will start putting in practice in your own life, career or relationship.