9.08.2014

How Much Do Entrepreneurs and Athletes Have in Common?



Continuing our exploration of the relationship between sports and entrepreneurship, let’s discuss the types of qualities that successful athletes and entrepreneurs share. It seems that the personality traits that lead to success on the athletic field are the very same traits that lead to success in the business world.

·         Competitive Nature: In both business and athletics ventures, there are a number of obstacles that must be overcome in order to triumph. Whether the obstacle is an opposing team who just won a championship or a Fortune 500 company that happens to be a competitor, athletes and entrepreneurs never lose the desire to rise to the top.
·         Practice: There isn’t a person among us who hasn’t heard the age-old adage “practice makes perfect”. Just like athletes, entrepreneurs will have both strengths and weaknesses, but they can work towards perfection by practicing to the best of their ability. No entrepreneur or athlete can ever reach their true potential without continual practice.
·         Leadership: Every sports team has a captain who seeks to lead the team to victory. Every new business has a founder who seeks to steer the company towards success. The parallels between the two are more than apparent. Success in both the athletic and business worlds relies on the ability of leader’s to motivate their team to perform at the highest level possible.
·         Perseverance: One thing every athlete knows is that there is no easy way to the top. Everybody will lose and get knocked down at times. However, entrepreneurs and athletes share the same desire to get back up after a setback and keep fighting until their ultimate goal has been achieved.

The qualities mentioned above are just a few of the similar traits that are vital in the realms of sports and entrepreneurship. It is these qualities that differentiate successful entrepreneurs from unsuccessful entrepreneurs.  


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