What can Olympic Athletes teach Entrepreneurs?

OLY HKW Canada United States 20140220 TOPIXIf you’re like most Canadians I know, you were up on Sunday morning watching the Olympic men’s hockey team beat Sweden and earn their gold medal. Likewise, you were probably huddled around the computer in your office on Thursday afternoon watching the women’s hockey team defeat USA and earn their back-to-back gold medal as well.

It goes without saying that both of these teams got to the podium with determination, focus and training. Of course, they’ll take their well-earned rest, but after a few days they’ll be back to honing their skills because they know that they’ll have to prove they’re still the best during their next Olympic appearance. Entrepreneurs can learn many things from Olympic athletes and apply these lessons to their business operations. Here are three key lessons I’ve picked up from Olympic athletes this year:

Olympic Athletes Never Stop Training: Just because the teams have won the gold, do you think they’re going to lose their resolve? Olympians have to make sure they never lose the edge that got them their gold in the first place, which means they’re constantly looking for ways to maintain or improve their techniques for their next Olympic appearance.
Takeaway for Entrepreneurs: There should never be a time on your entrepreneurial path where you stop maintaining or improving skills that will help your business achieve growth. Sharpening old techniques and keeping up with new trends will ensure that your business continues to prosper.

Olympic Athletes Know They Didn’t get to the Podium on Their Own: When an Olympian receives their medal and talks to the media, they never say that they made it to where they are by themselves. The support they receive from their family, friends, and coaches is instrumental to getting them onto the podium.
Takeaway for Entrepreneurs: There isn’t a single entrepreneur that’s reached their level of success on their own. Support from family, friends, and mentors have helped entrepreneurs everywhere reach levels that they never thought were possible.

Olympic Athletes Know Their Goal, and Stop at Nothing to get it: For an Olympian, the goal is obvious – go for the gold. For these athletes, there is nothing more they want than to be on the podium accepting the gold medal for their country.
Takeaway for Entrepreneurs: As an entrepreneur, you should always have the gold in your sights. You need to have goals for your business, be it fiscal or personal. Having goals will give your business something to strive for, allowing your focus and resolve to influence your team.

You may feel like your business has reached the pinnacle of success, but there is no such thing when you’re an entrepreneur. The reality is, you can constantly grow your business, constantly learn new skills, and constantly try to take your business to the next level.

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