Harness the Most Powerful Force in the Universe for Profit

What if you could harness the most powerful force in the universe and use it to drive profit in your life.

I know you are thinking what kind of gimmick is this…harnessing the most powerful force in the universe is for superheroes and late night TV infomercials.

Most people would agree that Albert Einstein is a pretty smart guy.  He ought to know what the most powerful force in the universe is … right?  Einstein is cited to have said, the most powerful force in the universe is “compounding interest.”

Simply put, the law of compound interest says money earning interest, when left alone, creates more money.  Ben Franklin echoed that thought, saying, “Money can beget money, and its offspring can beget more.” Warren Buffett’s partner Charlie Munger expressed a similar sentiment about money: “Never interrupt it unnecessarily.”

Now that is interesting, but how do I apply that to my life.

What if we take this concept of compounding interest and apply it to “continuous improvement”?  What if you made a little improvement everyday in our lives?  What if we looked at each one of those little improvements as investments?  What if we compounded those investments daily, by making daily small improvements a “habit.”

continuous improvment

Credit: Lauro Roger McAllister

 

A few years ago, I turned 40 and thought I should do something radical to celebrate the occasion.  I decided to run a marathon.  I set out to train and downloaded a training plan by Hal Higdon.  As I started running over my 18 week plan, people started telling me about the 10-percent rule.  The 10-percent rule is one of the most important and time-proven principles in running. It states that you should never increase your weekly mileage by more than 10 percent over the previous week.  By adding less that 10-percent per week to my total weekly mileage, I eventually conditioned my body to run a full 26.2 miles.  I was continuously compounding my running milage every week in order to achieve a goal I had previous thought unachievable.

We can also apply this type of thinking in our businesses.  Let’s encourage our employees to make small daily improvements every day so that they compound to huge improvements over time.  These huge improvements lead to higher profits and higher quality for your customer.

In conclusion, every person SHOULD make continuous improvement a part of their daily routines, because of the law of compounding interest.  If every person in an organization can make small daily improvements the outcome over time will lead to higher profits and higher customer satisfaction.

What are you doing in your life to make small daily improvements?

What are you doing to make daily continuos improvement part of your company culture?

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