I was never good at math. Writing was always my better subject. But recently I’ve been thinking about compound interest.
The equation for compound interest is: P = C(1+ r/n)ntWhere:Ã‚Â Ã‚Â P = future valueÃ‚Â Ã‚Â C = initial depositÃ‚Â Ã‚Â r = interest rate (expressed as a fraction: eg. 0.06 for 6%)Ã‚Â Ã‚Â n = # of times per year interest is compoundedÃ‚Â Ã‚Â t = number of years invested
Get it, right? Ok, so maybe that is a little hard to understand. (Except for you really smart weirdos…)
Here is a better definition:
Compound interest is interest earned not only on an original investment, but on its accrued earnings as well.
So I started to think about ministry and leadership, and saw that not only can you compound INTEREST, but you can also compound INFLUENCE. This started happening in our ministry.
- First we started with a small group of high-impact volunteers (5 to 6) (High-impact volunteers are those people in your ministry who have the ministry instincts that others just don’t. They usually have great people skills and lead out of a natural ability.)
- Second we started meeting with these leaders once a week, or twice a month to develop, cast vision, and give away leadership responsibilities.
- As they started to lead we saw our influence compound.
Instead of directly leading 60 to 75 adult volunteers, we only lead 5 to 6. Which in turn lead teams of 10 to 12.
Want to get more volunteers for your ministry? Learn how to compound your influence.
How does this apply to you? Even if you don’t serve in ministry, we all have influence. How can you compound your influence in your individual spheres?