The Compound Effect Worksheets Package, Exercises of Business Strategy

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THE COMPOUND EFFECT

WORKSHEET

Three amazing people in my life are

Three great things about my physical body are

Three great things about my home and where I live are

Three great things about where I work and what I do for a living are

Three great gifts of unique talent and skill I have been given are

Three great gifts of knowledge and experience I have been given are

Three ways I have experienced “luck” in my life are

Three ways in which my life is wealthy, abundant and prosperous are

GRATITUDE ASSESSMENT

CORE VALUES ASSESSMENT

Your values are your GPs navigation system for life. Getting them defined and properly calibrated is one of the most important steps in redirecting your life toward your grandest vision. The below series of questions will help you evaluate and refine what is truly important to you and what matters most in life. Answer each question thoughtfully, and then I will help you select the top half-dozen values for your life.

Who is the person I respect most in life? What are their core values?

Who is my best friend, and what are his/her top three qualities?

If I could have more of any one quality instantly, what would it be?

What are three things I hate? (e.g., cruelty to animals, credit card companies, deforestation, etc.)

Which three people in the world do I dislike the most and why?

Which personality trait, attribute or quality do people compliment me on the most?

What are the three most important values I want to pass on to my children?

If I were to teach a graduating high-school class values that would give them the best opportunity for success in life, what would those be and why?

If I had enough money to retire tomorrow, what values would I continue to hold?

What values do I see being valid 100 years from now?

The top dozen qualities of the “ideal” man or woman:

Now take a look at your answers above. Do you notice any reoccurring themes? Taking what you’ve observed in others, what others have observed about you, what you want for others, and things you would fight for or against, create a list of your top 10 values (in any order) below.

Top 10 Values:

LIFE ASSESSMENT

Face the truth

There are no wrong answers, there is no grade, no rating, not even an interpretation of your responses other than your own thoughtful assessment. Be honest and truthful with yourself. even when the truthful response is a little embarrassing or painful, remember that no one else need ever see it and that you never succeed by deceiving yourself.

Rate the following on a scale of 1 to 5, 1 being Least True and 5 being Most True:

Relationships & Family I spend at least 10 hours of focused time with my family each week. 1 2 3 4 5 I get together with friends at least once a week. 1 2 3 4 5 There is no one in my life that I haven’t completely forgiven. 1 2 3 4 5 I am actively engaged in learning how to be a better spouse, parent and/or friend. 1 2 3 4 5 I actively look for ways to support and help advance the success of my friends and family. 1 2 3 4 5 I take complete responsibility for all relationship conflicts when they arise. 1 2 3 4 5 I easily trust those I live and work with. 1 2 3 4 5 I am 100% honest and open with all those I live and work with. 1 2 3 4 5 It is easy for me to commit to others and honor those commitments. 1 2 3 4 5 I recognize when I need support and am continually seeking help. 1 2 3 4 5 total score:

physical I do strength training at least 3x a week. 1 2 3 4 5 I do cardiovascular exercise at least 3x a week. 1 2 3 4 5 I do stretching and/or yoga type exercise at least 3x a week. 1 2 3 4 5 During a typical day, I watch no more than 1 hour of TV. 1 2 3 4 5 I eat breakfast (more than just coffee) every day. 1 2 3 4 5 I don’t eat fast food, ever. 1 2 3 4 5 I spend time outside for at least 30 minutes a day, every day. 1 2 3 4 5 I have undisturbed sleep for at least 8 hours each night. 1 2 3 4 5 I don’t drink more than 1 caffeinated beverage per day. 1 2 3 4 5 I drink at least 8 glasses of water per day 1 2 3 4 5 total score:

Business

I plan my day out the day before. 1 2 3 4 5

My goals are written, prominently displayed and regularly reviewed. 1 2 3 4 5

I love what I do and enjoy getting up every day to do my job. 1 2 3 4 5

I am continually filled with feelings of accomplishment and satisfaction from my work. 1 2 3 4 5

I am constantly improving my professional strengths and weaknesses. 1 2 3 4 5

If I could, I would still do my job without pay. 1 2 3 4 5

I am home with my family on time every day. 1 2 3 4 5

My current business/job has the realistic potential of accomplishing all my financial goals for the next year. 1 2 3 4 5

My current business/job has the realistic potential of accomplishing all my financial goals for the next 10 years. 1 2 3 4 5

My current business/job gives me a feeling of significance as it makes a positive difference in the lives of others. 1 2 3 4 5

total score:

Financial

I have a completely detailed budget and unfailingly stick to it. 1 2 3 4 5

I have a professionally designed and diversified financial portfolio. 1 2 3 4 5

I save at least 10% of my income every month. 1 2 3 4 5

I am credit card debt-free. 1 2 3 4 5

I have a dedicated six-month reserve account completely funded and set aside. 1 2 3 4 5

I feel that I am compensated completely according to my worth. 1 2 3 4 5

I have an updated and complete last will and testament. 1 2 3 4 5

I have the needed insurance and financial plan in place for my family should something happen to me. 1 2 3 4 5

I have a detailed retirement plan that will accommodate exactly what I need to live as I desire after retirement and for the rest of my life. 1 2 3 4 5

I live well below my means and never spend money imprudently. 1 2 3 4 5

total score:

spiRitual

I consider myself a spiritual person. 1 2 3 4 5

I take at least 20 minutes each day to meditate and reflect on my life. 1 2 3 4 5

Others who experience me would consider me a spiritual person. 1 2 3 4 5

I have a personal relationship with my spiritual source. 1 2 3 4 5

I study my spiritual beliefs daily. 1 2 3 4 5

the Wheel oF liFe

To determine your current balance sheet of your life, take your scores from the previous pages and plot them on the wheel below. start from the center and use the key to mark your current status. Then connect all the dots and you will see how balanced your wheel is or isn’t. If it has serious deviations or flat spots you now know why your life doesn’t “roll” along as smoothly as you would wish.

KeY: score of 5 = 1 notch. score of 6-10 = 2 notches. score of 11-15 = 3 notches. score of 16-20 = 4 notches. score of 21-25 = 5 notches. score of 26-30 = 6 notches. score of 31-35 = 7 notches. score of 36-40 = 8 notches. score of 41-45 = 9 notches. score of 46-50 = 10 notches. use the same score for both Family & Relationship line.

Habit assessment

The magic comes from becoming the person you need to be in order to attract the people or results you wish to meet or achieve. use the example below to determine the magic factor for achieving your goals.

eXAMPLe:

GOAL: Earn an extra $100,000 in income this year. General description of WHO I NEED TO BECOME:

• I am a disciplined master of time efficiency.
• I focus solely on high-payoff and high-productivity actions.
• I wake up an hour earlier and review my priority objectives each morning.
• I fuel my body properly and exercise four days a week so I am energetic and highly effective each work hour.
• I feed my mind ideas and inspiration that will support and bolster my passion.
• I surround myself with peers and mentors who elevate my expectations and prod me to rise to greater levels of discipline, commitment and achievement.
• I am a smart, confident and effective leader.
• I seek and cultivate the strength and greatness in everyone around me.
• I deliver excellence to my clients and continually find ways to ‘wow’ them, encouraging repeat transactions and abundant referrals. New habits, disciplines or behaviors I need to START:
• Get up by 5am, feed my mind with positive material—30 minutes reading and 30 minutes of audio of something inspirational and instructional every day
• 30 minutes of quiet thinking time
• 30 minutes of planning time, eating a healthy fiber and protein rich breakfast
• Exercise for at least 30 minutes three times a week
• Calling on 10 new major accounts per week, checking in, servicing and further developing 10 existing clients per week, planning each day the night before, remembering birthdays and anniversaries of employees and clients, following news, blogs and updates of target accounts… Existing healthy habits, disciplines or behaviors I need to EXPAND: Recognizing my teammates when they achieve, delegating administrative tasks, going into the office early, being prompt, professional dress… Poor habits or behaviors I need to STOP:
• Watching two hours of TV at night and listening to news in the car
• Attending unproductive meetings and saying yes to projects in conflict with my highest priorities
• Gossiping with colleagues, complaining about the economy, the market, team members or customers
• Taking personal calls or spending time on Facebook or other personal social media sites during the day
• Eating after 7:30pm, more than one glass of wine at night, extended lunches without clients… Top three modifications and how I will implement it into my daily routine: HABIT, BEHAVIOR OR DISCIPLINE IMPLEMENTATION IN ROUTINE Feed mind Read 30 min first thing in morning while coffee brews. Listen toaudio on commute to and from office. Call on 10 new clients per week Tues 2pm-5pm, Weds 10am-12pm, Thurs 1pm-4pm supportive associations Join and commit to bi-weekly mastermind forum

GOAL NO. 2: General description of WHO I NEED TO BECOME:

New habits, disciplines or behaviors I need to START:

Existing healthy habits, disciplines or behaviors I need to EXPAND:

Poor habits or behaviors I need to STOP:

Top three modifications and how I will implement them into my daily routine: HABIT, BEHAVIOR OR DISCIPLINE IMPLEMENTATION IN ROUTINE

GOAL NO. 3: General description of WHO I NEED TO BECOME:

New habits, disciplines or behaviors I need to START:

Existing healthy habits, disciplines or behaviors I need to EXPAND:

Poor habits or behaviors I need to STOP:

Top three modifications and how I will implement them into my daily routine: HABIT, BEHAVIOR OR DISCIPLINE IMPLEMENTATION IN ROUTINE

AssociAtion EvAluAtor

Assessing Your Current Associations

This is about the amount of TIMe you spend with people outside of your immediate household (spouse and kids) and your strict work interactions (those in your office, unless you spend time outside of work with them). evaluate their level of success in each of the areas below.

Name Physical FinancialBusiness/ProfessionMental/ AttitudeSpiritual/ LovingFamily RelationshipsLifestyle Average

Average

Now, organize your associations into the following three categories: dissociations, limited associations and expanded associations.

Disassociation

Maybe you need to disassociate from someone in the chart above, or anyone else who is involved in your life to any degree, who has a negative influence on you—mentally, emotionally, attitudinally, physically or otherwise. These are people who have a negative effect on what you talk about, what you eat, drink, do, watch, listen to, etc.

Name

Limit Associations

Who do you spend a significant amount of time with that you might need to pull back from a bit? They are a good person, but they aren’t necessarily going where you want to go. They don’t have the same ambition, drive and goals as you do in life. Too much time with them might keep you stagnant, or worse, drag you down a bit.

Name

Expanded Associations

Based on your goals and the person you want to become, who do you need to be around more often? Who in your expanded sphere of influence can you find a way to spend more time with?

Name

Mentorship

Additionally, consider where you can hire a coach, trainer or mentor to reinforce your accountability and accelerate your growth rate. You can also find mentors in books, cD programs, seminars, and most certainly on DarrenDaily (www.DarrenDaily.com)

Name