Think Long Term

Think Long Term


People respect those who persevere. We respect people with university degrees because we know they sacrificed and stuck with it. We respect athletes - most of whom sacrifice a lot to succeed. The same is true in business. I get a lot of respect because I have been doing this for 25+ years.?

There is power in delayed gratification.

Most success happens over the long term. In my Ted talk I talked about taking 7 years to get to $10,000,000 in sales and then another 8 years to hit $100,000,000. And when I was doing over $1B, I never grew by less than $100,000,000/year and often that much in a quarter.

People who can put off immediate rewards and work towards longer term ones tend to be more successful. Procrastination is often caused by people taking the short term reward (sitting on the couch and watching TV) over the short term sacrifice (going for a run or learning) to achieve the long term reward (fitness or knowledge)

One of my favourite quotes is “we tend to over estimate what we can accomplish in a day but underestimate what we can accomplish in a year or a decade.”

A friend of mine recently emailed me the following:

“The race is not always to the swift, but to those who keep on running.”

Prof (Dr) Zubin Sethna

Professor of Entrepreneurial Marketing and Consumer Behaviour at Regent's University London

6 年

Jim Estill, this is what I tell my 3/4/5th graders in my #Kumon Centre as well as my UG and PG students at university. Perseverance and a mindset which appreciates the long-term goals are vital to a successful outcome. Of course, success is a subjective measure.....but I’m referring to whatever value one is moving towards. Thanks for a highly poignant post.

Allan Diamond

I help elevate business performance through strategic process improvement.

6 年

Great post to see the day of my 9th year at this startup :).

回复

Couldn't agree more!

回复

要查看或添加评论,请登录

Jim Estill的更多文章

  • The Power of Personal Marketing

    The Power of Personal Marketing

    The biggest challenge for the marketer is to get prospects to actually pay attention and read what you are sending…

    1 条评论
  • Sales – It is all about relationships!

    Sales – It is all about relationships!

    I have lots of friends. I have lots of acquaintances.

    8 条评论
  • Your reputation matters

    Your reputation matters

    What happens when unexpected expenses happen. An accident, a repair, something breaks.

    3 条评论
  • The Power of Having a Don’t Do list

    The Power of Having a Don’t Do list

    Having a "don't do" list and learning to say no can be incredibly valuable for individuals, both personally and…

    6 条评论
  • Branding yourself

    Branding yourself

    Entrepreneurs often ask me for advice on how they can thrive in a competitive market. My usual answer is "find a niche.

    4 条评论
  • Refugee Poem

    Refugee Poem

    I left my home, my life behind To flee from war, to flee from crime I had no choice, but to escape To find a new and…

    1 条评论
  • A Creative Oasis

    A Creative Oasis

    The problem is life can get in the way of creativity. There are calls, meeting and bills to pay.

  • Impression Count

    Impression Count

    Impressions in Marketing I have been working recently with the marketing department at Danby on impressions. I hope…

    1 条评论
  • Never Wait Again

    Never Wait Again

    According to a Timex survey, Americans wait: on average of 20 minutes a day for the bus or train 32 minutes whenever…

    3 条评论
  • How to find Peace

    How to find Peace

    As Lao Tzu says… "If there is to be peace in the world, There must be peace in the nations. If there is to be peace in…

    1 条评论

社区洞察

其他会员也浏览了