Business and sports are a lot alike. Successful entrepreneurs and successful athletes share a lot of similar traits. That’s probably why a lot of athletes transition into entrepreneurship at some point in their lives and why a lot of entrepreneurs are into sports.
1. Drive to be the best
By far the most important factor in succeeding in business or sports is the drive to be the best. An athletes goal is never 3rd place and a entrepreneur never aims to build a mediocre company. Set out the be the best and never settle for second place.
2. Help others improve
Your team is only as strong as your weakest link so when your teammate is having a hard time keeping up you make sure you help him. Business is all about helping others improve certain aspects of their lives. Helping customers, clients or your own employees.
3. Used to pressure and demanding schedules
Athletes, especially during high school or colleges, know what it’s like to be up late studying for a test and still have to get up at 6am for practice. Now replace studying for a test with writing a proposal or working on developing a new product and replace practice with a meeting or early flight and you know what it’s like to be an entrepreneur and run your own business.
4. Want to improve every day
Athletes want to be the best and they will only get there if they improve every day. Athletes are never satisfied with their performance and are always looking for ways to improve, it’s the only way to stay ahead of the competition. When you run your own business you are always in a competition and the only way to beat your competitors is to improve every single day. Athletes understand that better than anyone else.
5. Trust others
In sports you need to put your trust in others. Trust that your teammates will have your back no matter what. Trust that your coach knows exactly what he’s doing. As a business owner you need to put your trust in your employees that they will do everything they can to help your business be successful.
6. Be able to recover from failure or setbacks
Sometimes you win, sometimes you learn. Athletes don’t dwell on defeats and use it as motivation to work harder and become better. In business you will fail, get rejected and experience setbacks, use it as motivation.