The compound effect – real lesson for entrepreneurs

Many persons start a business thinking that they will immediately see some success, but many times the pace at which success may come is overestimated. Success rarely ever happens overnight. What is more, many do not really understand the ingredients that are necessary for success. It usually requires work, discipline and commitment. The process can be long and tiresome. Along the way, you may find well-meaning friends, family members and even colleagues attempting to discourage you from going after your entrepreneurial pursuits, probably saying you should not give up your secure, good-paying, day job for something unsure.

By Valrie Grant Entrepreneur, Managing Director, GeoTechVision
By Valrie Grant
Entrepreneur,
Managing Director,
GeoTechVision

While writing this, I thought about my own entrepreneurial journey – the ups and the downs and even now, one of the things that makes me head for the office on days that I would rather not, is the principle of the compound effect. The compound effect highlights that small seemingly insignificant steps performed consistently overtime will create a radical change.

Darren Hardy, publisher and editor of Success magazine is the author of the Compound Effect, one of my favourite books. In it, he provides principles that can help guide entrepreneurs and business leaders to success, in what he calls the microwave mentality, where there is a lottery winning expectation in today’s society and persons pine for quick fixes and instant results.    ` One should realize that there is no homegrown successful person, athlete or entrepreneur who did not put in the required work. Take a successful athlete, while he or she may have raw talent, it is necessary to have a rigid training regime and he or she would get up early and keep training long after others may have stopped. The athlete does this