The Good News "Be strong. Be brave. Be fearless. You are
On Page 2, I told you all about Alan Shepard, the first American in outer space. Like others in the NASA space program, Shepard dreamed big — beyond what others thought was a reality. He personally took a huge risk to achieve the dream of leaving Earth behind. He even walked on the moon in 1971! For people like Shepard (and perhaps you), dreaming is the relatively easy first step toward an accomplishment. The hardest part is taking action. Shepard took bold action and was even willing to put his life on the line. Fortunately, a business owner’s risks are not life-threatening, but they surely impact their personal lives and financial resources. Maybe this is the reason many business owners try to do too much right from the start and get burned out and frustrated. It’s an attempt to swallow the elephant-sized goal whole with very few results.
never alone.” –Joshua 1:9
No matter whether it’s space travel or any big audacious goal, small, manageable, and repetitive actions need to be taken to reach big goals. Think of W Clement Stone’s analogy of “small hinges swing big doors.” The space program developed out of the intercontinental ballistic missile program, which began after World War II in fear of what the Russians were capable of doing. NASA went through a series of small, well-thought-out, and tested steps that eventually compounded into BIG results. Not only could they shot missiles across the global, but they also found they could send objects into space. Science backs this up. Social scientist BJ Fogg, who founded the Behavior Design Lab at Stanford, has done 20 years of research on the topic and dives into this concept in his book “Tiny Habits: The Small Changes That Change Everything.” Fogg reveals that small repetitive tasks will enable big breakthroughs in your personal, professional, or business goals. If you focus on your dream rather than the path to get there, you could become overwhelmed. But zeroing in on the path, small step by small step, will lead you to victory.
BRAIN BREAK
So, if you want to make progress on the big doors of your dream, break the task down into smaller tasks and work on them consistently. What simple tasks can you do every day that will drive your best results? Dedicate yourself to implementing them with consistency every day. Think of the small tasks like a penny that is invested and doubles every day for 30 days. Each day, your efforts build upon your prior day’s work. Like the invested penny, by day 10, it’s only worth $5.12. That result doesn’t seem to reward you for all your effort to date. By day 20, the value will grow to $5,242.88, and you are starting think you are not progressing. Be patient. On day 25, you have accumulated $167,772.16. You’re gaining traction but wonder if your efforts will ever pay off. You persevere though the doubt, and five days later, you now have earned $5,368,709.12. That is the power of compounding interest, discipline, and patience.
3 DLJTAXSERVICES.COM • DLJWEALTHSERVICES.COM Advisory services are provided by DLJ Wealth Services, LLC. DLJ Wealth Services, LLC is a registered investment advisor. Tax advice is provided through DLJ Tax Services, LLC, a separate legal entity, but both companies are owned by Deb Matz. DLJ Wealth Services, LLC is a registered investment advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial advisor and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Create tiny habits, and you will succeed! Who knows, you might even shoot past your goal to lofty heights.
Business owners, if you need help staying the course with small repetitive task, learn more about our coaching program at DLJTaxServices.com under coaching.
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