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The Olympics has meanings above just winning & losing. Every four years, all eyes are on stalk with the voracious athletic skills and incredibly inspiring stories of these athletes. From vim & vigour to determination, courage and the never give up spirit, the lessons from Olympics can have real world application. Small Businesses too can sort their internal discrepancies with these useful lessons from Olympics and head towards the path of success.
- Perseverance- Need Of The Hour- This year, swimmer Michael Philips’ return from suspension and rehab to win gold medals for Team USA aptly exemplifies that irrespective of set- backs, winners strategize, carefully weigh their options, get expert’s advice and preserve. Something that all small businesses must adopt and bring into practice for a long run success.
- Team Work Is The Trick- From Men’s Swimming to The Final Five of women’s gymnastics, Olympics rightly depicts how essential is teamwork for success. Small businesses should always focus on building team driven workplaces instead of building a one man army. A study published in The Harvard Business Review found the time managers and employees spend in team-based activities has ballooned by 50 percent or more over the last two decades. Enough said.
- Unity In Diversity- Ibtihaj Muhammad who made history by being first team USA member to compete wearing a hijab, said in an interview “I want to break cultural norms”. Apparently, she challenged the misconceptions inside & outside the Muslim community. Similarly, small businesses should make diversity recruitment a priority and establish an environment with zero tolerance for discrimination based on caste, creed, religions & regions. A study suggests that a diverse workforce creates better connections with your customers, motivates your employees and enhances the quality of products & services.
- Resources Are Limited- Nobody would not have guessed the budget for Rio’s opening ceremony was one-twelfth the budget for the London ceremonies and one-twentieth the budget for the ceremonies in Beijing. The effect was as spectacular as more expensive events. Now coming to the point, small businesses should excessively focus on efficiency. Whether they are planning a grand opening or having clients visit their office for a presentation, they can utilize your resources in a thrifty fashion and make that event special.
In the words of Robert Collier “Success is the sum of small efforts, repeated day in and day out”.
So, let the spirit of the Olympics come rushing in your business and may you climb up the ladder of success.
SMB Connect is India’s largest integrated solution platform which links small and medium sized enterprises and entrepreneurs across the nation. Our mission is to build supportive communities by using effective solutions to connect with customers, providing advisory solutions, leveraging training programs and sharing the experiences of other businesses, so that SMBs can overcome all odds and succeed. Because we believe, Small Can Be Big!
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