Just 1% Improvement Each Day can make your practice 37x better in one year

If you could improve your practice by just 1% per day, within 70 days your practice would be 2x better. Within 232 days your practice would be 10x better, and within one year your practice would be 37x better. This is the 1% improvement a day theory.

How would that work you might be wondering? Well, accountants love numbers, so lets get into some …

There are 60 minutes in an hour and 24 hours in a day, so there’s 1440 minutes in a day. 1% of that is 14.4 minutes. Lets round that up to 15 minutes, this is your window of opportunity to improve. 15 minutes of your time in one day is what can make all the difference, so why not give it a go?

1% improvement each day

But where to start?

For your practice, 1% improvement could mean reducing the time spent on transactions and compliance by 15 minutes. Or perhaps increasing the time spent on advisory services by 15 minutes, or spending 15 minutes each day working “on your business” rather than “in your business”. Maybe you could have 15 minutes more speaking to your clients, or spending 15 minutes each day winning new clients … the list goes on.

All these 1% increments to your productivity, revenue, margin, employee morale, client satisfaction, slowly add up to a potential 37x improvement within one year.

What would those 15 minutes be worth to you? 

Is 1% improvement really achievable?

This concept is more achievable than you may think. Simply by taking advantage of beanie bots in your practice, those 1% daily improvements are yours for the taking. By starting small with just one client or one process, you’ll chip away little-by-little, from 2x to 37x and beyond.

If this sounds familiar, it’s based on Kaizen and other process-improvement techniques, which have been employed by large organisations for decades. You can utilise these techniques too, starting small and adopting a philosophy of continuous improvement in order to deliver an aggregation of marginal gains. If you want to learn more, lookup Sir Dave Brailsford, and how he went from the new head of British Cycling in 2002 and took British cycling to world leaders in the sport.

Take this blog as your starting point, gaining knowledge of the 1% improvement a day. Your first 15 minutes. As they say, start as you mean to go on.