Success requires a paradoxical mindset: commit to a long-term vision (e.g., a decade) while being relentlessly consistent with daily actions. Compounding only works over long time horizons, so outlast competitors by sticking to the process for the 'thousand days' it takes to see exponential growth.

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The most successful founders, like Koenigsegg, say the same things on day one as they do 20 years later. Their success comes not from pivoting, but from the relentless, decades-long execution of a single, powerful vision. This unwavering consistency compounds into a massive competitive advantage and defines the company's character.

The entrepreneurial journey is a paradox. You must be delusional enough to believe you can succeed where others have failed. Simultaneously, you must be humble enough to accept being "punched in the face" by daily mistakes and bad decisions without losing momentum.

Don't chase every deal. Like a spearfisherman, anchor in a strategic area and wait patiently for the 'big fish'—a once-in-a-decade opportunity—then act decisively. This requires years of preparation and the discipline to let smaller opportunities pass by, focusing only on transformative deals.

Instead of optimizing for a quick win, founders should be "greedy" and select a problem so compelling they can envision working on it for 10-20 years. This long-term alignment is critical for avoiding the burnout and cynicism that comes from building a business you're not passionate about. The problem itself must be the primary source of motivation.

Reconcile long-term vision with immediate action by separating time scales. Maintain "macro patience" for your ultimate goal. Simultaneously, apply "micro speed" to daily tasks, showing maniacal urgency by constantly asking, "What would it take to do this in half the time?" and pulling the future forward.

Instead of aiming for peak performance, establish a baseline habit you can stick to even on bad days—when you're tired, busy, or unmotivated. This builds a floor for consistency, which is more important than occasional heroic efforts. Progress comes from what you do when it's hard.

While goals set direction, they are temporary. A system is the collection of daily habits and processes that drives long-term, repeatable success. Winners and losers often have the same goals; the system is what differentiates them. Focus on the process, and the results will follow.

Balance a multi-decade company vision with an intense, minute-by-minute focus on daily execution. This dual cadence keeps the long-term goal in sight while ensuring relentless forward progress, creating a culture of both ambition and urgency.

Finding entrepreneurial success often requires a decade-long period of trial and error. This phase of launching seemingly "dumb" or failed projects is not a sign of incompetence but a necessary learning curve to develop skills, judgment, and self-awareness. The key is to keep learning and taking shots.

The secret to top-tier long-term results is not achieving the highest returns in any single year. Instead, it's about achieving average returns that can be sustained for an exceptionally long time. This "strategic mediocrity" allows compounding to work its magic, outperforming more volatile strategies over decades.

Win by Being Patient With Decade-Long Results but Impatient With Daily Action | RiffOn