Retaining focus, investments and interest payments is a well-documented, applied and endorsed accelerator to financial growth, independence and ultimately to wealth. It is not a strategy limited to Omaha, the USA, an oracle, to Berkshire or Hathaway. Nor does it depend on divine prophecy, insights, predictions and foresights.
What it takes is discipline, commitment, adherence and a vision to the longer-term.
The principles can and should be applied to the life-time value of clients, to customer service, to relationships, business development and to life balances.
Doing the right things, doing them right and equitably sharing the outcomes inevitably leads to a compounding of returns. Choose your adjective: increasing, enhancing, exponential or a host of others.
Disruptions and distractions are omnipotent, cascading and ongoing. Staying focused has its own rewards and needs for effort and in many aspects denials. In business, sport and life elite endeavours are demanding.
SYSTEMIC APPLICATIONS
Identifying, isolating, analysing, refining, implementing, standardising, maintaining, promoting and celebrating the underlying philosophies and practices is self-generating in terms of efficiency, effectiveness and productivity.
It is a three-phase process-input, process and output.
Select carefully, the people, the ingredients, the plan, the systems and the context.
Content is an essential part of the second phase, process. However, it alone will not ensure success, sustainability and viability. Cultures, beliefs, values and visions are substantive contributors.
Scalability is often overlooked and therefore opportunities are forsaken. Changing perspectives are different to changing focus. They do unfold scope.
Performance matrix project, enunciate and articulate that should be enjoyed by all.
For example, retained earnings have the potential to facilitate compound returns. Internally funded growth is relatively inexpensive and more controllable than external debt. So too retaining customers. They progressively become loyal and advocates. Retaining supply relationships, cooperative marketing initiatives, joint purchasing packages is important because they have compound effects on efficiencies, costs of doing business, competitiveness, profitability and ultimately viability.
Business life and politics are viewed through a range of common perspectives, filters and paradigms. Think cost-of-living crisis, AI (artificial intelligence), intrusions, technology, innovations and globalism. Put aside expectations and increasing dependence of government support and subsides.
The consequences of compounding resources, capacities and capabilities provide for growth, development and independence.
LOOK FOR THE SIGN
James Carville, a Democrat political strategist, enabled Bill Clinton to win the 1992 Presidential election in the USA by constantly reiterating and ultimately placing a sign on the then candidates campaign desk with seemingly immortal words:
“It’s the Economy, stupid”
There is much to think about and possibly gain from a parallel phrase:
“It’s Compounding, First and Forever”
It is power personified.
Barry Urquhart
Conference Keynote Speaker
Marketing Focus
M: 041 983 5555
E: urquhart@marketingfocus.net.au