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Book Overview:
The ONE Thing has made more than 400 appearances on national bestseller lists, including #1 Wall
Street Journal, New York Times, and USA Today. People are using this simple, powerful concept to
focus on what matters most in their personal and work lives. Companies are helping their employees
be more productive with study groups, training, and coaching. Sales teams are boosting sales.
Churches are conducting classes and recommending for their members. By focusing their energy on
one thing at a time people are living more rewarding lives by building their careers, strengthening
their finances, losing weight and getting in shape, deepening their faith, and nurturing stronger
marriages and personal relationships.
YOU WANT LESS. You want fewer distractions and less on your plate. The daily barrage of e-mails,
texts, tweets, messages, and meetings distract you and stress you out. The simultaneous demands
of work and family are taking a toll. And what's the cost? Second-rate work, missed deadlines,
smaller paychecks, fewer promotions--and lots of stress. AND YOU WANT MORE. You want more
productivity from your work. More income for a better lifestyle. You want more satisfaction from life,
and more time for yourself, your family, and your friends. NOW YOU CAN HAVE BOTH--LESS AND
MORE. In The ONE Thing, you'll learn to * cut through the clutter * achieve better results in less time
* build momentum toward your goal* dial down the stress * overcome that overwhelmed feeling *
revive your energy * stay on track * master what matters to you The ONE Thing delivers
extraordinary results in every area of your life--work, personal, family, and spiritual. WHAT'S YOUR
ONE THING?
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5. Use willpower wisely - Willpower is limited, but we need to make
the most of it
6. Time block - How time blocking works for meeting goals
7. Accountability - 3 effective ways towards accountability
8. What are you saying No to? - Saying YES and saying NO each has
impactful consequences
9. The domino effect - Learn the magic of geometric progression
through the domino effect
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So instead of trying A, B, C, D, E at the same time, what you want to do is start off on one
thing. Do A until it becomes a massive success, and then move on to B and make it a massive
success, and then move on to C and make it a massive success, and so on.
Don't try to make all of A, B, C, D, and E and F a massive success simultaneously. It's not going
to happen. It's going to frustrate you and you're going to end up wasting and burning your
resources.
Peter Drucker, the great management philosopher, said:
We underestimate what we can accomplish in 5 years. but we overestimate what we can
accomplish in 1 year. H ence, we get impatient.
But in any endeavor you don't really see the results right away. But in about 5 years’ time, once
the geometric effect kicks in, certainly the results are really big.
Again, success is sequential. We've got to be patient with what we're working on; over time it
will just get us the results that we desire.
Related Books:
● The Effective Executive - Peter Drucker
○ The Power of concentration
● Compound Effect - Darren Hardy
○ Small steps compound over time to give you exponential results
● Slight Edge
○ Try to get that slight edge in your chosen endeavor - rather than spraying your
effort all over the place
● Essentialism - Greg Mckeown
2) Go Small
In order to achieve amazing, extraordinary results, we need to n arrow our focus, not widen it,
to get to that really sharp focus and extraordinary result.
People who diversify their focus -- who go and try all sorts of things and spray their focus -- do
not achieve amazing results.
So extraordinary success really comes from focusing, drilling down, and going really small in
order to get big. It sounds paradoxical, but it's true. We're going really small in our focus in
order to get really big results as a result of our execution and of the hard work we put into it.
Achievement in life doesn't come from addition. A lot of times it comes from subtraction.
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Achievement comes from taking away a lot of the surface stuff that doesn't matter and
focusing on the few things that truly matter. And that allows us to get geometric success.
Related Books:
● Essentialism - Greg Mckeown
○ Cut down in order to grow fast
● The 80/20 Principle - Richard Koch
○ How 20% of Everything you do will bring you 80% of your results
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4) Hyperbolic Discounting
Whenever we have a reward that is in the future, we discount the value of that reward, and the
factor diminishes over time.
An example is this the following experiment that has been conducted quite often.
People who are offered $15 right now, or $30 three months from now, or $60 a year from now
actually evaluate all of these rewards as the same. What they have done is they've taken the
$60 value and have discounted the value of that reward since it is out in the future. So there
might be a multiplier of some sort.
This is how our motivation works. When we have a very immediate reward, we’re very likely to
take action because there's no hyperbolic discount at that point. But as the reward goes out in
the future, our motivation to act continues to diminish.
Our motivation will diminish as the reward moves out into the future.
The key is that the people who are successful in life are aware of this hyperbolic discounting
happening and they're able to account for it. Even though they might think right now that the
value of this reward is very limited, they know that in the future it's a very highly valued reward.
So they act according to what their future visions are or the reward they want in the future
rather than take the immediate reward.
So the more you are able to think in long term, the more you're able to act on your motivations
for a long-term reward and the higher your payout will be and the greater your results will be.
So realize that hyperbolic discounting is happening everyday in your life. Catch it and start to
act according to it. Start to act in spite of it or against it. In effect, you have to create motivation
for the things that truly matter to you.
No matter how far in the distance you're going to get the reward, you're still going to act on
that motivation. You're not going to discount that reward. That’s the key.
6) Time Block
In order to do great things, you need to block your time out for the one thing that will give you
the most reward.
Block out large chunks of time in your calendar for maximum results.
● Preferably 4 hours or more
● Should be uninterrupted time where nothing else happens
● No distractions
● No external stimulations
● Cut down everything else just so that you have this block of time where you can be
completely focused on your most important task.
● Nothing else matters at this point and you just work on your one thing.
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● It has to be focused, like a sun’s ray coming to a lens that’s focused on a piece of paper
until it burns paper.
● Block these times out in advance.
● Stay true to them.
EXAMPLE:
Every Sunday, you plan the week out. Block out large chunks of time in your calendar for each
day of the week.
Stay consistent as much as possible. Use the same block of time of every given day for working
on your one thing. For someone it could be 6-10 AM. It's the execution of the one thing that's
all that matters during this time slot -- you don't take in anything else.
What will happen over time is you will build momentum as you continue to do this every day.
And this will become a habit
A lot of people think that in order to be successful, we need to be focused all day long, but
that's not possible. The key is just to be able to focus o
n what is crucial for that uninterrupted
large chunk of time and d o it consistently. Do it day in and day out, and you will see your
results soar because you're working on your most important thing every single day.
7) Accountability
1. One way to hold yourself accountable is to be accountable to yourself. You do this when you
write down your goals.
Research has found that just the act of writing down goals increases the chances of success by
39%.
2. A more potent way to hold accountability is to have an accountability partner. What you do
is you let your accountability partner know that this one thing is your goal. You announce your
goal in some ways to the world.
With an accountability partner, the chances at your success increase by 76 %. Therefore,
having an accountability partner is crucial to accomplishing that one thing and to getting great
results.
3. Another potent way to be accountable is to have a coach. Every top performer in every field
has a coach. We know this clearly from the world of athletics. All the great athletes have the
great coaches and the coaches keep them accountable. The accountability is coming from the
coaches and of course from a lot of other sources for a player.
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If you want to accomplish your one thing in a tremendous way, then you want to have a coach
in your field of endeavor because that's a proven pathway to having a great performance.
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● A 2-inch small domino can take down a domino 50% longer, 50% bigger, and 50%
higher than it. So a 2 inch domino will take down a 3 inch domino which will take down
a 4.5-inch inch domino and so on and so forth…...
● Similarly, the 4.5-inch domino will be able to take down a domino that's 50% bigger and
taller than it. And this is called a geometric progression when the numbers increase by a
certain ratio over time.
The thing to understand is that initially the results that we see are very small. There isn't much
difference between 2 inches and 4.5 inches. We feel like we're putting in a lot of effort, but the
results are minimal and we don't see any real results for a long time.
This is where geometric progression becomes really interesting. Every one of us came with very
limited time, energy, and focus in this world.
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