daily 1 percent rev (1)
TRANSCRIPT
1%
1 is such a small number But think about what a 1% rate
of return on your money would do over time, thanks to compounding.
Would you take a 1% daily rate of return on your money? Of course!
Things we could improve by 1%
Leadership Parenting Mentoring Exercise / Wellness Productivity Patience Tolerance Positivity
Things we could improve by 1%
Relationships Sportsmanship Teamwork Communication Perseverance Attitude
Change
Can you completely change yourself overnight? Probably not.
Can you change yourself 1% today? Yes! You can improve any number of
facets of your life by 1%. What can you improve by 1% right
now? Most people don’t accomplish their
greatest success until after age 40. Greatness takes time, so take it a day at a time.
Change
You can’t be 100% than everyone else, but you can be 1% better at hundreds of things.
Not everyone can be the best, but everyone can be better tomorrow than they are today.
Think “swifter, higher, stronger” not “swiftest, highest, strongest.”
You should be competing with yourself, not comparing yourself to others.
Change
Don’t compare yourself to others. That is not productive.
Compare yourself to you. And, if you begin to improve yourself 1% at a time, you are highly likely to start passing others up, so don’t worry about it!
The Miracle of Compounding
John makes $40,000 per year and saves $400 per month for retirement beginning at age 18.
Sam makes $200,000 per year but doesn’t start saving for retirement until age 35, at which point he saves $2,000 per month.
Who has more by age 55?
Miracle of Compounding
Compounding applies not only to money, but any type of self-improvement activity as well.
Exercise. Rome wasn’t built in a day, and neither was your body. You build off of previous gains. If you could improve 1% every day, that would be great!
Leadership. Again, you build off of previous gains.
Miracle of Compounding
Leadership is like the stock market. If you hope to make a fortune in one day, you won’t.
Leadership is a process. You don’t become a great leader overnight.
You build on your leadership constantly throughout your life. It takes a lifetime.
Consistency – work on it every day.
Process v. Events
An Event encourages decisions. A Process encourages development.
An Event motivates people. A Process matures people.
An Event is a calendar issue. A Process is a culture issue.
An Event challenges people. A Process changes people.
An Event is easy. A Process if difficult.
Leadership
Ask yourself: “can I improve my leadership ability by 1% tomorrow?”
After sitting through this seminar, hopefully the answer is “yes.”
After you improve yourself 1%, do it again and you will build off of the previous gains, earning a compound effect.
Let’s Get Started!
What do we need to get started improving ourselves by 1% daily?
Motivation – but how do we get it???
Motivation
Start by taking a small action. What may feel awkward at first
will slowly but surely begin to feel comfortable.
Once you gain some comfort and confidence, you will become motivated to keep going.
Think of a diet or exercise program. The further into it you get, the more motivated you become.
Action Creates Motivation Which Creates More Action!
The more you get done, the more motivated you are to do things. So you do more things, and get even more motivated. It’s a self-feeding cycle.
BUT, make sure you are doing the right things well. Effectiveness vs. Efficiency.
You still have to consider priorities. Doing the wrong things well is a complete waste of time!
The Pareto Principle (80/20 Rule)
80% of a company’s profits usually come from 20% of its products or services.
80% of your successes likely come from 20% of your actions.
We tend to waste time focusing on the other 80% of our products or action. Shouldn’t we be focusing on the 20% that actually work?
Small shifts
We need to identify the actions we take that produce the outsized results.
We need to focus on small shifts in our actions that will produce large shifts in results.”
This is called leverage.
10,000 Hours
That’s how long it typically takes to master a skill.
If you work 45 to 50 hours a week at your job for 10 years, then you should be a master, right? You should be the head of the company? Why aren’t you?
It's because we are seldom taking our skills to new levels, we are just doing the same tasks that we already know how to do.
Practice vs. Deliberate Practice
Practice by itself doesn’t necessarily improve performance.
If a pianist plays the same song over and over for 10,000 hours, they may master that song, but they have not likely mastered the piano.
“Deliberate practice” is designed to deliberately improve performance. You work on the skills you are weak at.
Practice vs. Deliberate Practice
Think of a football team. Do they practice the plays they are already good at? NO.
They practice the plays they have not yet mastered.
Deliberate practice involves going outside of your comfort zone.
Deliberate practice involves increasing your strain level.
Developing the Habit
25% of New Year’s Resolutions are broken within the first week.
88% eventually fail. Why? Resolutions that are too broad –
lose weight / get in shape. Typically takes 21 days to
develop a new habit.
Rest
Adequate sleep is mandatory to make sure you have enough energy to keep improving yourself.
Vacations are mandatory too! Pick a day of the week to take a
break from career-related activities.
Rest really does improve performance.
Rest
Cycle throughout the day between periods of concentrated effort and planned recovery.
Worked for 90 minutes chunks of time and then take breaks in between.
Take a nap if needed!
Take Time to Work on Yourself
Regardless of what you are trying to improve, you are going to need to set aside time to work on this self-improvement.
Set a time periodically to be alone with your own thoughts and reflect. No distractions – no iPhone; no music; no other people!
Harnessing the Power of the Mind
In a moment, we are going to do something together that will immediately make all of our lives better.
This one thing can be controlled by us and us alone – through the power of our minds.
Your mind is the most powerful force you have – by far.
You can control how you feel about things.
Things are not good or bad, we just think they are good or bad.
The Power of the Mind
We can do anything we want to do if we set our minds to it?
Don’t believe me? Think back to any important accomplishment in your life.
You would not have accomplished it unless you set your mind to it.
Have you ever surprised yourself with how much you accomplished?
The Power of the Mind
We are only using a fraction of our mind’s power.
Most of us are walking around using 25% of our capacity.
What if we move that to 75%? Think big / dream big.
One Thing To Do Right Now!
Together let us let go of negative thoughts and feelings right now – they are completely worthless and will not help us achieve anything. They will only bring us down and we know this.
Negative Thoughts
Negative programming I’m not good enough I’m not smart enough Good things don’t happen to
people like me People don’t like me Jealousy Self-pity
Negative Thoughts
Victim Mode vs. Accepting Responsibility
We can’t get rid of negative stimuli, but we can change how we react to them.
Stimulus + Awareness = Moment of Choice
Letting Go of the Negative
Part of letting go of the negative is letting go of grudges and negative feelings we are holding towards others.
Forgiveness – if only for your own sake – you will feel better and can move on to concentrate on your own growth and prosperity.
Letting go of worrying about what other people think. Worry about what you think!
Let Go!
Let us start right now to let go of all those negative thoughts we just discussed – they are worthless.
Inject positive thoughts to force them out.
Won’t happen overnight, so let us together right now start with 1%.
Challenge Yourself
If you don’t challenge yourself, how will you continue to grow?
Leave your comfort zone. Set goals that may even seem
unattainable. Aim for 100, but if you only get
to 80, you will have surpassed the vast majority of the population.
Just Do It!