Author Login | Popular Articles | RSS Feeds | Sitemap

Home | Business


Discipline Yourself to Enjoy the Pot of Gold at the End of the Rainbow

By: Donald Mitchell

Musicians know that without practice their sound won't appeal to very many people. Dancers use repetition while watching themselves to eliminate little flaws that mar perfection.

Business people often do just the opposite: Running off in all directions to deal with short-term problems of little long-term consequence.

But discipline yourself to create and improve upon 2,000 percent solutions (ways of accomplishing 20 times more with the same time, effort, and resources), and you'll soon be enjoying more world-class rewards.

The steps for creating a 2,000 percent solution are outlined here:

1. Understand the importance of measuring performance.

2. Decide what to measure.

3. Identify the future best practice and measure it.

4. Implement beyond the future best practice.

5. Describe the ideal best practice.

6. Pursue the ideal best practice.

7. Select the right people and provide the right motivation.

8. Repeat the first seven steps.

This article looks at step eight, repeat the first seven steps.

Practice Reaching Toward Perfection

"Practice makes perfect." We learned to walk by taking more and more tottering steps before we fell. We learned to write by copying each letter many, many times. Doing is the best way to learn. Imagine trying to read a book to learn how to ride a two-wheeled bicycle.

Accomplishing 20 times progress also requires repetition. When you reexamine the same process and improvement opportunity, you will uncover new and better ideas with each repetition of the first seven steps of the eight-step 2,000 percent solution process.

The gains from such repetitions can be staggering because they usually multiply onto a higher performance base. Here's an example. Let's imagine that you just created a way to expand revenues by 20 times from the current level. On the next reexamination of that opportunity, you might find a way to increase revenues by an additional 200 percent from the 20 times improved base. That seemingly more modest increase would be equal to double the entire gain from the first 2,000 percent solution!

Many times, reexamination leads to larger absolute gains during the repetition than during the initial examination. Naturally, when a 2,000 percent solution is reached on top of the first 2,000 percent solution, you've turned a 20 times gain into a 400 times gain. Imagine the opportunity to reexamine such an area for a third time.

If you have wisely chosen to work on your highest potential opportunity, this upside potential shouldn't surprise you. It's also unlikely that any other opportunity will be as large as reexamining what you just finished.

When people first create and implement a 2,000 percent solution, most will choose not to reexamine the same area for at least five years. That's a big mistake! In many cases, you can start reexamining the opportunities right away and come up with big gains. By looking for more opportunities sooner, you'll build on the momentum of what you learned in the first iteration as well as deepen your understanding of the opportunity.

There are many valuable, related benefits from such repetition. Each success will increase commitment to creating 2,000 percent solutions while geometrically expanding the resources available to pursue new solutions. With practice, the 2,000 percent solution process becomes easier, more productive, and faster. At some point, creating 2,000 percent solutions will become part of your corporate culture. As a consequence, you'll have even more good habits to help performance when you're not working on 2,000 percent solutions. You'll also notice and start working on substantial opportunities sooner.

When the 2,000 percent solution process has been absorbed into your organization's culture, you will benefit from having a powerful common language, thought process, and capability for improvement. To accomplish this desirable result, your organization's leader must create an expectation that creating 2,000 percent solutions is the new standard of what must be accomplished. With that focus, the leader's words become thoughts throughout the organization. The thoughts become ideas. The ideas become actions. The actions become new habits. These new habits are reinforced and improved by experience and success. The new habits improve the culture. Repetition strengthens, deepens, and widens the impacts of each of these reinforcing mechanisms.

STALLBUSTERS

The main issue for you is reinforcing repetition of the eight-step process. Skip this step, and you will lose almost all of the potential benefit of using what you have learned about creating 2,000 percent solutions.

Here is your assignment:

• Make everyone realize that the eight-step process will be repeated in the same area, again and again.

•When the process is begun, set early dates to start repeating the process.

• Set dates to begin the eight steps in other important management processes.

• Set dates to begin repeating the eight steps in those other important management processes.

• Add to your organizational ability to use the eight-step process through improved capabilities such as:

— More measurement capabilities to spot unperceived ways to improve

— Better ability to identify cause and effect

— Increased access to organizations with best practices you can use

— Faster learning from other organizations

— Improved forecasting of future process improvements

— Enhanced conceptualization of the ideal best practice

— Effective planning for more quickly approaching the ideal best practice with contained costs, while moving rapidly into new opportunities opened up by nearing the ideal best practice

Make a copy of this assignment and put it near your work telephone so that you will see the assignment every time you make or receive a call and be reminded to take these critical actions.

Copyright 2007 Donald W. Mitchell All Rights Reserved

Article Source: http://www.articlesnatch.com

About the Author:
Donald Mitchell is chairman and CEO of Mitchell and Company, a strategy and financial consulting firm in Weston, MA. He is coauthor of six books including The 2,000 Percent Squared Solution, The 2,000 Percent Solution, and The 2,000 Percent Solution Workbook. You can find free tips for accomplishing 20 times more by registering at: ====> http://www.2000percentsolution.com .

| Print | Ezine Ready | |

Recent Business Articles

  • The Key SEO Mistakes That You Must Avoid By: Jan Jorgensen - Optimizing a website for search engines requires a great deal of consistent effort. Many internet marketers dream of immediate success in ranking high on search engines, and they soon realize that this is not possible. This article presents the common mistakes which people often make in search engine optimization (SEO). • Failure to apply constant effort in optimizing a website for search engines. SEO involves constant effort in carrying out all the key activities that can help you rank high on search engines.
  • 6 Tricks To Harness The Power Of Blogging To Increase Your Search Engine Ranking By: Jan Jorgensen - If you really want to succeed in internet marketing and increase your online profits through blogging, then you should follow these tips that will help you to make your blogging a success. Several factors determine how powerful your blogging can be in improving your search engine position. Blogs get picked up by search engines quickly , but you need to make sure that your blog is optimized for search engines. 1. First, your blog title and URL structure should be just right! Your URL should be search engine friendly and user friendly.
  • Make Money on the Internet without Investing a Huge Amount of Money By: Chris Robertson - Most brick-and-mortar businesses require a lot of start-up cash to get moving; but you can make money on the Internet with a minimal investment. A website costs very little to operate. Internet marketing is often very inexpensive. You can even start making money online as an auctioneer or by offering affiliate products and allowing someone else to handle the inventory and customer service. No matter which path you choose to make money on the Internet, there are affordable methods to accomplish your goals.
  • Classroom Organization Tips: Flexible Solutions By: Sharon Mann - Classroom organization makes every task go more smoothly, and teachers have no excuses. In this article, you'll look at the different areas of the classroom - from student supplies and files, to your own desk - and explore ways to organize and maintain each one with readily available products. Specifics may vary; however, the following includes helpful guidelines from which everyone can benefit. Flexibile Solutions: Organize Other Classroom Areas If your classroom is home to several work areas, you need a plan for each one.
  • Online Currency Trading is Exploding with New Investors Due to the Fact so Many are Becoming Wealthy By: William R Alheim, Jr. - Never in the history of the world have so many people flocked to one market as they are doing today with Foreign Exchange Markets (Forex or FX.) The magnitude of the new investors entering the markets daily makes the San Francisco gold rush look pale in comparison. The internet and technology bubbles created by the stock markets in the 1990's is like comparing a pond of water to the Pacific ocean when compared to the FX markets of today.
  • If a Currency Software Trading System Cost too Much, Should I Buy it Anyway? By: William R Alheim, Jr. - This past week I received an email from one of my free weekly currency markets report subscribers asking me this question. I kind of shook my head and asked myself, "are you kidding me?" How can something cost too much that is going to make you far more money than original purchase price. Then I thought about it for a while, and can to the conclusion that they might have meant they did not have the money for the currency software trading system now and what should they do?
  • Is a Forex Mentor a Path that Should be Considered When Entering The Currency Markets? By: William R Alheim, Jr. - Not only is acquiring a Forex mentor a path to be considered, statistics have proven is the best method of being a profitable currency trader for both the long term as well as the short term. Although it is the most costly form of currency trading education one can undertake, is that really a critical fact in the decision making process?
  • The Top 3 Forex Mentoring Programs on the Market Today, the Best way to Learn Currency Trading By: William R Alheim, Jr. - There are many different approaches one could take to learn Forex trading. You could be self taught and accumulate experience. The problem with this is the time frame it will take you to accomplish this, the profits you will lose while teaching yourself and it is certainly not guarantied that you will ever gain all the knowledge you need to be profitable. Another approach would be to read a book or combination of books.
  • Finding the Best Web Design and Development Services in Arizona By: Sheila Kloefkorn - Is your website your best salesperson? This article will provide you with information about finding the best web design and development services in Arizona so you can reach potential customers and convert them! Whether you're a small business just starting out or a large corporation, the following information will be beneficial to you. As more businesses become online businesses, it's important to create a fresh, unique identity for your company so that you can stand out against your competitors.
  • Obtain A Benefit Buying Makelaars In Groningen By: Mary Pierce - All families should have a house. Buying or selling a house or apartment is one of the main decisions of a person’s life. For this work, you should hire the service of a professional real estate broker. Real estate agents and brokers help people negotiate what can be a difficult process. The broker has more administrative responsibility than other people in this kind of business. Choose Makelaars in Groningen and build your future. A good real estate broker can earn much money working only half time.

Search Ebay

Still can't find what you are looking for? Search for it!


Submit Your link to the Open Link Directory Project

Copyright 2005-2008 MJE Sales, LLC. All Rights Reserved.
Proud member of the ArticleCkr Search Network Search Network!
ArticleSnatch.com is free for both publishers and authors to use and is supported entirely from advertising revenue.
Use of our service is protected by our Privacy Policy and Terms of Service.