As the world watches elite athletes compete during the Tokyo Olympics, there are lessons entrepreneurs can take away and apply to their businesses, according to themorningnews.com.
- Olympic athletes practice for decades leading up to their big wins. Entrepreneurs must acknowledge years of preparation are necessary to reach the pinnacle of success. It is important to embrace the mentality of daily training in their crafts to continue toward success.
- Rest and nourishment are crucial to success. Approaching business with a hustle mentality results in inconsistencies and burnout because it is not sustainable. As athletes know, the key to longevity is pacing.
- Rehearse your wins. Michael Phelps is famous for sharing the role visualization played in his success; he committed time each night to envision his world records and feel himself standing in the top spot on the Olympic podium. Daily visualization can help entrepreneurs prepare for success.
- Flexibility is a key component of success in sports and entrepreneurship. Things often do not go as planned, and entrepreneurs can prepare by always having multiple plans so they can see alternate solutions.
- Success is impossible to achieve alone. Even for solo sports, Olympic athletes must work together and support each other to achieve their goals. Entrepreneurs are less likely to achieve success if they attempt to do it all without help, community or support.
