Monday, June 23, 2008

i-TFTD #132: Is Your Personal Corporation Growing?

i-TFTD #132: Is Your Personal Corporation Growing?

Is Your Personal Corporation Growing?
By Earl Nightingale (highlights mine)

Every person is, in reality, in business for himself or herself in that each is building his or her own life regardless of who happens to write his or her paycheck. So for the purpose of this message, think of yourself as a corporation. You hold the office of president of this corporation, and you're responsible for its success or failure. You and the members of your family are stockholders in your corporation, and it's your responsibility to see that the value of the stock increases in the years ahead.

If your company is growing, it will have a tendency to continue to grow. In other words, you're doing things right. Conversely, a company that is going backwards or shrinking has a tendency to continue to go backwards or shrink until acted upon by an outside force. All responsible company officers know that unless the company is growing, it's developing the first signs of death. As the head of your personal corporation, you must realize that this same law applies to you as well.

However, a person has a tremendous advantage over even the largest corporation. Think of any large multinational corporation. Can it double its production in a single day? Of course not. Can it double its sales in a single day? Of course not. It would like to, but its growth must be gradual and steady because of the interconnecting complexities of operating such a large organization. Yet a person can double, triple, quadruple his or her effectiveness in a month or less. It's like comparing the movement of a single scout to the movement of a great army.

Can you grow and improve as a person at least 10% a year? Of course you can. In fact, experts estimate a person can increase his or her effectiveness anywhere from 50% to 100% and more within 30 days.

History is filled with people who exceeded their previous performance to an almost unbelievable extent. People in management and in production who multiplied their effectiveness many times. Students who moved from failing grades to straight A's and the Dean's List. People in sales who found they could, through the proper management of their abilities, minds, and time, sell as much of their company's products in a single month as they had previously sold in an entire year. Think about what that means.

If you waste even an hour of productive time every work day, it adds up to 250 hours a year. That time wasted could shut your corporation down! You can earn nothing with the doors closed. What is your time worth an hour? Multiply this by 250 and you can see what you're throwing away. Now whether your employer pays for this wasted hour or not is unimportant. Life will not pay for it.

How much are you worth right now, today, as a corporation? What's your value today, to yourself, your family, your company? If you were an outside investor, a stranger, would you invest in this corporation? A company growing at the rate of 10% a year will double in size in about eight years. What attention are you giving to the growth of your personal corporation?

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Simple but hard-hitting message, especially to those who do not make it a point to attend at least one training programme every year, to those who do not have the time or interest in reading books.

Just like a company cannot be exclusively topline-focused or bottomline-obsessed but has to think about the environment, corporate social responsibility, employee engagement and so on, we as individuals also need to balance our attention across our professional, family, health and spiritual needs.

2 comments:

Marvin said...

Absolutly loved this -- I've been intending to create my own PBD (Personal Board of Directors) for awhile now. This may get me off my duff.

RG said...

Thanks for your comment, Marvin. Many a time the intention is there, but we need some trigger to remind and re-energize us to act on the intention.