Growing By 1% – the power of incremental growth

have your consistency perfected or it will never work. The idea is that by making small improvements consistently, the cumulative effect of those improvements can lead to significant growth and progress in the long run.

The Bottom Line

By Keith Dawn

So many of us want what’s best for us, our families and our communities. Whether it’s to lose a few extra pounds or increase personal wealth, we’re always looking for ways to improve. When working with my clients on this, we focus on being diligent and consistent with specific goals in mind. Many of our local small businesses do this too, but what we may not fully comprehend is that if we consistently focus on growing just 1% a day, week or month, there’s a huge impact on our results.

The rule of 1% is simply defined as improving your business and personal aspirations one percent at a time. Before you can do this, you must

For example, if you commit to getting 1% better at a particular skill or habit each day, you would improve by 37 times over the course of a year. This is because the improvements compound over time, meaning that each day's 1% improvement builds on the progress made the previous day.

This 1% better rule also has an extraordinary effect on compounding growth. if you embrace the power of compounding in your business, or in your life, it can change everything in a positive way, fast. You’ve likely heard that old adage that if you double a penny for 30 straight days… on day 30 you’ll end up with a whopping and almost unbelievable $5,368,709.12. That’s the incredible power of compounding.

This principle can be applied to many areas of life, including personal growth, career development, and even financial planning. By setting small, achievable goals and consistently working towards them, you can achieve significant results over time. i t's important to remember that this approach requires patience, persistence, and a willingness to embrace the process of incremental improvement.

This one percent may seem small, but if you approach the vision for your company, and your own personal goals, with baby steps, you will find a huge increase over a solid chunk of time. it’s not a sprint, it’s a marathon.

Avoid doing too much at once or you’ll set yourself up for failure. Think of the confidence you will have when you improve one percent each week.

While rules and standards are necessary for growth, always be flexible. The bottom line is customers rely on you to deliver what you promise.

Keep in mind, this principle can be applied to many areas of life, including personal growth, career development, and even financial planning. By setting small, achievable goals and consistently working towards them, you can achieve significant results over time. it's important to remember that this approach requires patience, persistence, and a willingness to embrace the process of incremental improvement.

Keith is a seasoned media executive and former publisher for The Press of Atlantic City. Keith is now a business coach/advisor and CEO of his own consulting firm called Strategic Growth Partners. He’s passionate about helping businesses grow. He can be reached at keith.dawn@sgpCoach.com or you can visit his website for more detailed information at https:// www.sgpcoach.com.