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What Every Entrepreneur Can Learn From These 5 Amazing Sportsmen Who Turned To Business

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There are clear parallels between the world of sport and business. Those who rise to the top often share similar character traits such as determination, a strong ‘will-to-win,’ a crazy work ethic and the ability to function at an exceptional level both individually and in a team situation. What lessons can an aspiring entrepreneur or business owner take from their business careers?

Below are five lessons from some truly amazing sportsmen who made successful transitions from the world of sport to the world of business. We have focused on those who made more money and continue to do so from their off field/off court businesses than they did from their sports salaries.

David Beckham

David Beckham would readily admit that he is not the best ever footballer (soccer to our US readers) to play the game but he definitely shares traits with those who could more readily substantiate that claim.  His commitment and work ethic are well-known, representing England with his best performance when his last minute free kick sent England to the World Cup Finals, during the World Cup qualifier versus Greece on October 6th 2001.

It was when his transition into business that David Beckham truly excelled. When Beckham joined LA Galaxy after leaving Real Madrid in 2007, the 5 year deal was for worth $250 million and included sponsorship and merchandise sales.

Lesson from David Beckham:

Think global and be prepared to go where your products services are best appreciated. e-commerce means that small businesses (even sole traders) can trade internationally.

 

Magic Johnson

A true superstar on the court in the NBA period we informally refer to as ‘Before Jordan’ Earvin ‘Magic’ Johnson often had moves that left his competitors drooling. This did not change as he transitioned into a very successful business career.

Under the banner of Magic Johnson Enterprises he owns Burger Kings, T.G.I. Fridays, Magic Johnson Theaters, 24-Hour Fitness/ Magic Johnson Sport health clubs in poorer communities that lacked these establishments. In April 2011 he also purchased 3 radio stations in the Phoenix, Arizona area.

Lesson from Magic Johnson

Commercial opportunities are not limited to one type of consumer. Get to know the dynamics of your market and use them to your advantage.

 

George Foreman

When George Foreman was counted out in the historic ‘Rumble in the Jungle’ fight against Muhammad Ali on the night of October 30, 1974 in Kinshasa, Zaire he could never have imagined the magnitude of his ‘comeback’ and that it would not be in the ring but outside it.

In 1995 Foreman partnered with household-products maker Salton and helped them sell almost 100 million George Foreman Grills. In 1999 he sold the rights to his name to his grill-making partner for $137.5 million. He has introduced a clothing line and cleaning products line.

 

Lesson from George Foreman

You have to take risks to reap the rewards. Putting his name to a grill was quite a risk for the former world heavyweight champion.

 

Tony Hawk

It’s not an overstatement to say that for many people, Tony Hawk “Is Skateboarding”. It was Hawk who landed the first ever “900” at the X games—two and a half spins in mid-air and created around 80 new tricks and yet his business moves have proved to be just as amazing.

Hawk owns Birdhouse, one of the largest skateboarding companies in the world and started his own clothing line – Hawk Clothing. He has established sponsorship deals with Six Flags, Kohl’s, Infospace, Adio shoes, Jeep and Sirius Satellite Radio, but his best application to date was the launch of the Tony Hawk’s Pro Skater Video game in 1999 in partnership with Activision. The game quickly became a bestseller making his company the No. 1 action-sports video game franchise. He has also published his autobiography which also became a bestseller.

Lesson from Tony Hawk

Embrace technology to expand your brand.

 

Venus Williams

Venus  ‘Ebony Starr’ Williams is well known for exploits on the tennis court having amassed 43 career singles titles including 7 majors but her form is just as impressive in the business arena. She is the CEO of V Starr Interiors, an interior design firm founded by Williams in Florida after she completed her associate degree in Fashion Design at the Art Institute of Fort Lauderdale. In a separate deal Venus partnered with retailer Steve & Barry’s to launch her own fashion line ‘EleVen’.

In 2009, she became part-owners of the Miami Dolphins, a professional American football team, along with her sister Serena Williams. She has also co-written a book, ‘Come to Win; on How Sports Can Help You Top Your Profession’, which was highly placed (5th) on the New York Times bestseller list.

 

Lesson from Venus Williams

Build business ventures around your passions and continue your professional development.

 

We hope that you have found this information inspiring.

Guest Blog written by Mike Pitt, Founder and CEO of Marketing Fundamentals Ltd www.marketingfundamentals.com

I am the the Founder of Addicted2Success.com and I am so grateful you're here to be part of this awesome community. I love connecting with people who have a passion for Entrepreneurship, Self Development & Achieving Success. I started this website with the intention of educating and inspiring likeminded people to always strive for success no matter what their circumstances. I'm proud to say through my podcast and through this website we have impacted over 200 million lives in the last 10 years.

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20 Ways You Can Become a Powerful Communicator

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Emile Steenveld Speaker and Coach

Some people seem to naturally know how to effectively communicate in a group setting. They can express themselves clearly and listen attentively without dominating the conversation.

Being a powerful communicator is important for several reasons, including building and maintaining relationships, achieving goals, resolving conflicts, improving productivity, leading and influencing others, advancing in your career, expressing yourself more confidently and authentically, and improving your mental and emotional well-being. Effective communication is an essential life skill that can benefit you in all aspects of your life.

But, don’t worry if you don’t naturally possess this skill, as effective communication is something that can be developed with practice, planning and preparation.
 

1.  Listen actively: Practice active listening by giving your full attention to the speaker and responding to what they are saying.

 

2. Use “I” statements: Speak from your own perspective and avoid placing blame or making accusations.

 

3. Avoid assumptions: Don’t make assumptions about what the other person is thinking or feeling.

 

4. Be clear: Express your thoughts and feelings clearly and concisely by getting to the point and avoid using jargon or overly complex language.

 

5. Show empathy: Show that you understand and care about the other person’s feelings.

 

6. Offer valuable insights: When speaking in a group, provide a valuable takeaway or actionable item that people can walk away with.

 

7. Be an active listener: Listen attentively and respond accordingly, incorporating your points into the conversation.

 

8. Choose the right time: Pick the most opportune time to speak to ensure that you have the group’s attention and can deliver your message without interruption.

 

9. Be the unifying voice: Step in and unify the group’s thoughts to calm down the discussion and insert your point effectively.

 

10. Keep responses concise: Keep responses short and to the point to show respect for others’ time.

 

11. Avoid unnecessary comments: Avoid commenting on everything and only speak when you have something important to say.

 

12. Cut the fluff: Avoid being long-winded and get straight to the point.

 

13. Prepare ahead of time: Sort out your points and practice them before speaking in a group.

 

14. Smile and be positive: Smile and nod along as others speak, to build a positive relationship and be respected when it’s your turn to speak.

 

15. Take responsibility: Take responsibility for your own actions and feelings.

 

16. Ask questions: Ask questions to clarify any confusion or misunderstandings.

 

17. Avoid interrupting: Allow the other person to finish speaking without interruption.

 

18. Practice active listening: Repeat what the other person said to ensure you have understood correctly.

 

19. Use your body language too: Use nonverbal cues such as eye contact, facial expressions, and body language to convey your message and build rapport.

 

20. Be aware of the tone of your voice: it should be calm and assertive, not aggressive or passive.

 

By keeping these tips in mind, you can improve your communication skills and become a more powerful communicator, which can help you build better relationships, achieve your goals, and lead a more fulfilling life.

I you want to learn how to become more confident in life then you can join my weekly mentorship calls and 40+ online workshops at AweBliss.com so you can master your life with more success.

 
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