To win a gold medal, or to simply compete in the Olympics, is a dream that drives athletes to sacrifice and compete at an elite level that most people aren’t willing to do — yet there’s no money! (Last time I checked, you can’t retire on a gold medal.) Similarly, business owners compete like Olympians on our businesses…making sacrifices after sacrifice for the ultimate gold medal – financial freedom! Here are 3 ways to apply winning Olympic principles to our everyday business regimen:
1.) Prepare – Business owners tend to get caught up in the day-to-day tasks that don’t push the business forward. Take some time to think through your ultimate goal; then write down the key milestones you need to achieve to hit your goal, and document your strategic plan.
2.) Execute – Execute on the steps outlined in your strategic plan. Like an athlete at the Olympics, leave the fear of failure behind.
3.) Review & Refine – Like an Olympian, as a business owner, you too must carefully review every important metric in your business on an ongoing basis. Then, based on test results, revise your strategic plan and return to the preparation phase with your newfound knowledge.
What other ways are business owners like Olympians and what principles can we learn and apply from them?