34. Cause & Effect Timeframes - Why Today's Results Came From Last Years Work
May 31, 2018
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Understanding cause and effect timeframes in business, the importance of patience and persistence, building a company and improving the product, thinking long-term and staying disciplined, adapting and evolving in business for long-term growth.
Results in business and life come from sustained hard work over a long period of time, not immediate actions.
Successful entrepreneurs understand the importance of thinking ahead and planting seeds today that will yield benefits in the future.
Deep dives
Understanding Cause and Effect Time Frames
Many people fail to understand that today's results do not come from today's actions. The memory of actions we take today fades over time, but the results of those actions come later in the future, often months or years down the line. This lack of understanding causes frustration and confusion when people do not see immediate results. Entrepreneurs specifically struggle with this concept because they expect quick rewards for their efforts. They get disheartened when they do not see immediate results and start jumping from one strategy to another. However, great results in business and life come from sustained hard work over a long period of time.
The Power of Long-Term Thinking
Having a long-term vision and thinking beyond immediate gratification is crucial for success. Small daily actions taken consistently over time compound and produce significant results. Most individuals are short-sighted and focus on short-term cause and effect relationships. Successful entrepreneurs, on the other hand, understand the importance of thinking ahead and planting seeds today that will yield benefits in one, two, or three years. They avoid being trapped by the allure of instant rewards and stay disciplined in their work, knowing that the full impact of their efforts will be realized in the future.
Lessons from Successful Entrepreneurs
Learning from successful entrepreneurs like Jeff Bezos, Sam Walton, and Warren Buffett reinforces the idea that long-term thinking is key to building a thriving business. These individuals consistently emphasize the importance of staying ahead of the curve and evolving with the changing times. They prioritize improving their core product or service rather than solely focusing on short-term marketing tactics. By constantly reinvesting in their business, they position themselves for long-term success. Similarly, individuals who aspire to start their own business should embrace delayed gratification, as the rewards will come gradually over time.
Most people fail to see long-term cause and effect relationships...They're shortsighted and they only think in timeframes of today, this week and this month. If they don't see rewards from the actions they take immediately, they give up or find a new shiny object and the same pattern repeats itself again. It's a vicious cycle like a snake eating its tail. If you take action today, the true reward of that action will occur 1-2 years from now, not today. Most people are blind to this. If you want to succeed in life and business you need to understand cause and effect timeframes so that you can think clearly and execute on the power-law activities that truly move the needle. This video shows you how to do that!
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