Goal Setting Strategies With An Exponential Growth Formula
Posted by admin in Lifestyle Design, Self Help and MotivationalWow, are you ready for the New Year? Are you ready to begin again in 2010?
Did you achieve what you wanted to in 2009?
This time of year is an eye opener for most people, most of us reflect back on how the year was, what we did, what we didn’t do and what we are going to aim for in the future, many people set New Year resolutions and gain a new focus.
One of my new focuses this year is on exponential growth in business, relationships, health and personal growth. In this post I am going to share with you a video from one of my mentors showing a technique to leverage what you already know to gain exponential growth.
But first let’s define what exponential growth is.
I only high school formal education and I like to keep things simple and explain them in simply terms.
I like to think of exponential growth as when things are increasing in an out-of-control way.
To help illustrate this “out-of-control way of growth” let’s take a look at the power of compounding.
Imagine for a moment we were about to have a game of golf and just before we tee off on the first hole I say to you, to make this game a little more interesting how about we bet 10 cents per hole and double it every hole. You think to yourself that’s sounds ok, really…how big it can grow…
Let’s have a look shall we.
- Hole 1 – $0.10
- Hole 2 – $0.20
- Hole 3 – $0.40
- Hole 4 – $0.80
- Hole 5 – $1.60
- Hole 6 – $3.20
- Hole 7 – $6.40
- Hole 8 – $12.80
- Hole 9 – $25.60 (half way)
- Hole 10 – $51.20
- Hole 11 – $102.40
- Hole 12 – $204.80
- Hole 13 – $409.60
- Hole 14 – $819.20
- Hole 15 – $1638.40
- Hole 16 – $3276.80
- Hole 17 – $6553.60
- Hole 18 – $13,107.20
Now starting from $0.10 I bet you didn’t think that you would end up betting $819.20 by hole #14 let along a whopping $13,107.20 by the 18th.
This is exponential growth or increasing in an out-of-control way!
Now imagine having that kind of growth in your business or in your personal life. You can and it all starts with doing small actions ($0.10) and compounding them over time. This is what 2010 is all about for me and you can gain this kind of growth from what you already know, the only issue is that you don’t know it (yet)
Watch this great video to show you what I mean. In this video is one of my mentors Marc Dussault
I love to hear your thoughts, feedback and ideas so make sure to leave m e a comment and talk back to me.
To begin again in 2010
Blessings
Sam
Tags: Business Relationships, Control, Exponential Growth Formula, Eye Opener, First Hole, Formal Education, Game, Goal Setting, goal setting strategies, goal setting strategy, Health, Hole 2, how to set goals, Mentors, New Focus, New Year, New Year Resolutions, Personal Growth, Personal Life, strategies for goal setting, Time Of Year, Wow






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