The principle of exponential growth dictates that the bigger something is, the faster it grows. The chart below is a generic example of an exponential growth chart:
A good example of exponential growth is the growth of an investment. If an investment is growing at 20 percent per year, the greatest gains will be achieved later. 20 percent of 100 dollars is only 20 dollars, where 20 percent of 10,000 dollars is 2,000 dollars. The bigger the investment, the faster it grows.
Exponential growth can also dictate the speed at which someone learns a competency, or becomes successful at something. It can relate to the speed at which new technologies are introduced. Exponential growth is a principle found almost everywhere in nature.
Exponential growth is closely related to the value of persistence the principle of gravity.
Read The Exponential Growth of Money and Success for More Details.