The One Percent Perspective

In the world of business and personal development, the concept of "1%" appears in various contexts:

• The top 1% of wealth holders
• The philosophy of getting 1% better each day
• Thomas Edison's famous quote about genius being "1% inspiration and 99% perspiration"

While these are powerful mindset frameworks, they often remain in the realm of the subjective. Today, I'd like to share a more tangible and objective application of the 1% concept that has transformed my approach to business acquisition.

The 1% Rule in Action

Let me illustrate with a recent example. I've been exploring opportunities in niche construction companies, particularly in the scaffolding sector. Although our offer on a scaffolding company wasn't successful, the research process revealed something interesting about market leaders.

The largest competitor in this space is an international corporation valued at $6.7 billion. Applying my 1% principle:

1% of $6.7 billion = $67 million

This simple calculation creates a clear, achievable target. My philosophy is straightforward: I can be at least 1% as good as anyone at anything. This may seem like setting a modest goal, but it provides a concrete, realistic milestone while still representing significant success.

Moving Forward

While we didn't secure that particular scaffolding opportunity, I'm excited to share that we've just gone under contract on another niche construction business. The market leader in this segment? A company with a U.S. market capitalization of $31 billion.

My target is clear: 1% here I come!

Disclaimer: The information provided is for educational purposes only and should not be considered as advice. Always consult with a qualified professional before making any financial decisions.