Electrical Lords // The Compound Effect Of Consistently Making Good Decisions
Description
Our mantra here at Sparky Coach is quite simple: make money, build wealth.
And how do we do that?
We do that by buying labour + materials, selling them at a good margin, being kind, then repeating the process.
Essentially at its core, the running of a good business is relatively simple.
Sometimes though, we can make it a lot harder than it needs to be.
One of the ways we can make running a business a lot harder than it needs to be is by making one bad, or multiple bad, decisions in a row.
One bad decision can cost you a lot.
And don’t underestimate the negative compound effect that multiple bad decisions in a row can have across all aspects of your personal + business life.
It might be the wrong client, the wrong tradie, the wrong quote, the wrong apprentice , the wrong advice, the wrong admin, the wrong “insert business decision here” and so on.
Bad decisions can make good people end up in average places.
So maybe one of the major goals of business can be summed up quite simply: to consistently make good decisions.
One good decision can profit you a lot.
And don’t underestimate the positive compound effect that multiple good decisions can have across all aspects of your personal + business life.
Good decisions can make good people end up in good places
And the goal is to not make one good decision, or two, or three; but to make 100 good decisions in a row. The repeat the process.
If your next 100 decisions were good ones, imagine where you could end up?
Oh, the places you’ll go! To infinity, and beyond.
Get after it.
Enjoy the pod x
Chapters
00:00 The Importance of Consistent Decision-Making
02:48 Understanding Rates and Job Quoting
05:43 Growth and Comfort Zones in Business
09:01 Making Informed Decisions Under Pressure
11:51 The Role of Data in Decision-Making
15:05 Learning from Mistakes and Accountability
17:57 The Impact of Bad Decisions
20:51 Contextualizing Revenue and Profit
23:49 The Ripple Effect of Decisions
26:48 Creating Consistency in Good Decisions