What Competitive Sports Taught Me About Running a #Business #smb

Small business ideas, how to be a leader, entrepreneurs, economic development

Image courtesy Entrepreneur Magazine

Published in Entrepreneur Magazine

If you’re a CEO or manager who aims to win, make the following characteristics of a standout athlete part of your game plan.

Team player

Few people reach the top alone. Competitive athletes understand the value of working as a team, where each person plays an important role. During a swim race, I practiced intense focus to accomplish independent goals while knowing when to hand off the baton to my teammates.

As an entrepreneur, it’s critical for me to take a hands-on approach and understand how my business runs from every aspect. I take pride in being able to enter any department in the company — whether it’s sales, finance or customer support — and perform any task firsthand. But a leader must also know when to hand off the baton. I’m well aware of my team’s strengths, and I delegate projects that challenge them to excel and improve. Revel Systems’s unparalleled growth over the past four years has only been possible because of this high level of collaboration.



Jim Woods is president of The Jim Woods Group. A management consulting firm. Go here to see his work www.jimwoodsgroup.com. He advises and speaks to organizations large and small on how to increase top line growth in times of uncertainty and complexity. Some of his speaking and consulting clients include: U.S. Army, MITRE Corporation, Pitney Bowes, Whirlpool, and 3M. See more at his website www.jimwoodsgroup.com.

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Posted in Competitive Advantage, Entrepreneurs, Entrepreneurship

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