You are right 7 years isn’t enough for compound interest to do much unless you have a huge growth rate. Still, if it doesn’t take much effort and it improves your business for years to come small improvements are worthwhile. I liked your idea of having staff sweat the small stuff while you seek out the major growth.

-Rick

But, the type of compounding that I talk about in the latter part of this post is major, by growing three interrelated areas of your business by, say, 1% each.

Put the two types of compounding (yours and Jay Abrahams’) together and it starts to get interesting

I agree it’s always a good idea to look for improvements in your business. Especially if there is low hanging fruit you may get a few small boosts in your rate of return with very little effort.

If you don’t think a 1% change will make much of a difference you’re wrong! Over time it will become a big difference. Check out this post on compound interest to understand why:
http://ponderingmoney.com/2009/10/12/you-need-to-understand-compound-interest/

-Rick Francis