Compound interest has been described as the most powerful force in the universe. But this amazing concept applies to more than just money. The compound effect of positive daily habits can bring our small businesses to new heights. Today we discuss the importance of this concept for long term small business success!
Below is the “Double a Penny Everyday for a Month” chart discussed in this episode. Notice how nothing exciting happens for the first 80% of the month!
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Thank you to the show sponsor Ideal Payroll Service! Ideal Payroll helps small business owners simply their payroll processing. Whether you have 1 employee or 100 employees, contact Ideal at 402-614-3028 for your small business payroll, time keeping, and human capital management needs!