I’ve been thinking about compound interest and how it’s truly a powerful force that we should think about more often when it comes to personal and professional growth.
It also has an impact on the team, business, and organization that you’re part of as well. Small investments, even if they don’t have a positive impact immediately, will eventually be discovered and understood if applied consistently.
I’ve been thinking about this recently much more because I’ve been spending a bit of my time hiring folks for YEN – building an organization requires one to think through not only how each new person adds value immediately but how they will impact the organization long-term as well.
It’s much easier to think through short-term, which is very tactical, and much more difficult to think through how the team and organization is going to be positively (or negatively) impacted by someone’s participation and contribution.
The only solution is time and patience as you’ll just have to have the courage to continue to make big (hiring) decisions and hope for the very, very best. Cutting luck out of the system is a good place to start too.
As a leader, you have to make the attempt because that’s what gets the ball rolling.