The Compound Effect: Jumpstart Your Income, Your Life, Your Success
Quotes from the Book
the number-one thing that you will have to sacrifice to be great, to achieve what you are capable of, and to execute your plans, is your comfort.
We mistakenly believe that there is a lot of time left in the year, and we act accordingly. We lack a sense of urgency, not realizing that every week is important, every day is important, every moment is important. Ultimately, effective execution happens daily and weekly!
We are what we repeatedly do. Excellence then is not an act, but a habit.” —Aristotle
Intentionality is your secret weapon in your war on mediocrity.
It is important to understand that there is a difference between interest and commitment: When you’re interested in doing something, you do it only when circumstances permit, but when you’re committed to something, you accept no excuses, only results.
You can’t build a reputation on what you’re going to do.” —Henry Ford
If we did the things we are capable of doing, we would literally astound ourselves.” —Thomas Edison
Tell me, what is it you plan to do with your one wild and precious life?” —Mary Oliver
Start each day with your weekly plan. Check in with it several times throughout the day. If you’ve scheduled a tactic to be completed that day, don’t go home until it is done.
Here are the four keys to successful commitments: 1. Strong desire: In order to fully commit to something, you need a clear and personally compelling reason. Without a strong desire you will struggle when the implementation gets difficult, but with a compelling desire, seemingly insurmountable obstacles are seen as challenges to be met. The desired end result needs to be meaningful enough to get you through the hard times and keep you on track. 2. Keystone actions: Once you have an intense desire to accomplish something, you then need to identify the core actions that will produce the result you’re after. In today’s world, many of us have become spectators rather than participants. We must remember that it’s what we do that counts. In most endeavors there are often many activities that help you accomplish your goal. However there are usually a few core activities that account for the majority of the results, and in some cases there are only one or two keystone actions that ultimately produce the result. It is critical that you identify these keystones and focus on them. 3. Count the costs: Commitments require sacrifice. In any effort there are benefits and costs. Too often we claim to commit to something without considering the costs, the hardships that will have to be overcome to accomplish your desire. Costs can include time, money, risk, uncertainty, loss of comfort, and so on. Identifying the costs before you commit allows you to consciously choose whether you are willing to pay the price of your commitment. When you face any of these costs, it is extremely helpful to recognize that you anticipated them and decided that reaching your goal was worth it. 4. Act on commitments, not feelings: There will be times when you won’t feel like doing the critical activities. We’ve all been there. Getting out of bed at 5:30 a.m. to jog in the winter cold can be daunting, especially when you’re in a toasty warm bed. It is during these times that you will need to learn to act on your commitments instead of your feelings. If you don’t, you will never build any momentum and will get stuck continually restarting or, as is so often the case, giving up. Learning to do the things you need to do, regardless of how you feel, is a core discipline for success.
The secret to living your life to its potential is to value the important stuff above your own comfort. Therefore, the critical first step to executing well is creating and maintaining a compelling vision of the future that you want even more than you desire your own short-term comfort, and then aligning your shorter term goals and plans, with that long-term vision.
Vision is the starting point of all high performance. You create things twice; first mentally, then physically.
A vision without a plan is a pipe dream.
The most important thing is to believe that you can reach your goals.
With the 12 Week Year, a year is now equivalent to 12 weeks, a month is now a week, and a week is now a day.
Learning to do the things you need to do, regardless of how you feel, is a core discipline for success.
In God we trust; all others must bring data.” —W. Edwards Deming
true accountability is about choice and taking ownership of your choices,
Accountability is not consequences, but ownership. It is a character trait, a life stance, a willingness to own your actions and results regardless of the circumstances. In
To be truly effective, your daily activity must align with your long-term vision, strategies, and tactics.
It's not what you know; it's not even who you know; it's what you implement that counts.
With the weekly scorecard you measure execution, not results. You score yourself on the percentage of activities you complete each week.
To use your weekly plan effectively, you will need to spend the first 15 or 20 minutes at the beginning of each week to review your progress from the past week and plan the upcoming one. In addition, the first five minutes of each day should be spent reviewing your weekly plan to plan that day’s activities.
every 12 weeks you take a break, celebrate, and reload. It might be a three-day weekend or a weeklong vacation; the important thing is that you take time out to reflect, regroup, and reenergize
Execution is the single greatest market differentiator. Great companies and successful individuals execute better than their competition. The barrier standing between you and the life you are capable of living is a lack of consistent execution.
Failures simply become feedback in the ongoing process of becoming excellent.
The 12 Week Year is a structured approach that fundamentally changes the way you think and act. It’s important to understand that the results you achieve are a direct byproduct of the actions you take. Your actions, in turn, are manifestations of your underlying thinking. Ultimately, it is your thinking that drives your results; it is your thinking that creates your experiences in life. (See Figure 2.1.)
To become fit requires discomfort, to earn a significant income requires discomfort, to become great at anything, requires you to pay the price. .. To become great, you must choose to allocate your time to your greatest opportunities. You will have to choose to spend time on the difficult things that create your biggest payoffs. To be great you will need to live with intention. That will require you to be clear on what matters most, and then to have the courage to say no to things that distract you.
This life isn’t driven by the you who settles or gives in to procrastination and doubt, but by the optimal you, the best you, the confident you, the healthy you.
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About Brian P. Moran
About the book
5 hrs and 17 minsThe guide to shortening your execution cycle down from one year to 12 weeks Most organizations and individuals work in the context of annual goals and plans; a 12-month execution cycle. Instead, The 12 Week Year avoids the pitfalls and low productivity of annualized thinking. This book redefines your "year" to be 12 weeks long. In 12 weeks, there just isn't enough time to get complacent, and urgency increases and intensifies. The 12 Week Year creates focus and clarity on what matters most and a sense of urgency to do it now. In the end more of the important stuff gets done and the impact on results is profound.Explains how to leverage the power of a 12-week year to drive improved results in any area of your lifeOffers a how-to book for both individuals and organizations seeking to improve their execution effectivenessAuthors are leading experts on execution and implement
Book details
- First published
- 2009
- Author
- Brian P. Moran
- Genre
- Nonfiction
- Goodreads rating
- 3.85 (20k ratings)
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