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One of the most critical factors in building a solid foundation is running your business as though it were a sports franchise. There can never be a successful sport without a strong team behind it. And just like a professional athlete has to train hard and eat right to stay at their peak level of performance, entrepreneurs have to do the same thing to succeed.
Running a business isn’t about being lucky or having good ideas: It’s all about putting in the work and making wise decisions. If you want to create a thriving company, you have to put in the time and effort to ensure that you’re always moving forward.
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What first crosses your mind when thinking of a successful sports franchise like Chicago Bulls? Is it Michael Jordan? Or maybe Scottie Pippen?
They both had exceptional skills and talent, but Phil Jackson led them into six NBA championships. He was the coach who built the winning culture and helped them become a dynasty. Here are three reasons you should treat your business like a sports franchise and what we can learn from coaches, with tips on how to do it, too:
Teamwork is key to success
In sports, teamwork is the key to success. When everyone works together towards a common goal, nothing is impossible. Teams that can come together and find ways to support each other usually win more games and often championships.
If you want to build a successful business, you must learn to embrace the idea of working together as a team. That means you need to hire people that buy into the vision of the team and can help you achieve your goals. Having a vision, processes and the right team are the key ingredients for building a dynasty. Think of every great team that had a great sports run, that team bought into the vision of the franchise and became not only the team to beat but the team that all players wanted to join. . As an entrepreneur, every time your team runs a campaign, creates a slogan or concept, you are taking the field. On the field, on the court, or in a stadium your team must operate as a unit for the win.
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Everyone has a role to play
Like a sports team, no single person can take over another’s role. Instead, everyone needs to play their part and contribute to the team’s overall success. That’s true even if you’re the CEO of a company. As long as you delegate tasks appropriately, you’ll be able to accomplish much more than if you try to do everything yourself.