Advertising
Advertising

4 Entrepreneurial Lessons You Can Learn From Michael Jordan

4 Entrepreneurial Lessons You Can Learn From Michael Jordan

When most people think about Michael Jordan, they consider the athlete. After all, we’re talking about the best basketball player to ever play the game. He finished his career with six NBA championships, five MVP awards, 11 All-Star nominations, two Olympic gold medals, and a long list of other worthy accomplishments. On top of that, Jordan took a shot at playing professional baseball at the age of 31. He played in 127 games for the Birmingham Barons of the Southern League before deciding to transition back to basketball. That’s not something any athlete can just decide to do. Yet, Jordan did it and never missed a beat.

But when you start to look past all the athletic accolades, championship rings, trophies, and stats, you realize that Michael Jordan is much more than a superior athlete — he’s a polarizing businessman. Forbes estimates his net worth somewhere north of $1 billion, thanks to his part ownership in the Charlotte Hornets and lucrative marketing deals that bring in more than $100 million annually from global brands like Nike, Gatorade, and Hanes. Jordan also owns seven restaurants, a car dealership, and is involved with a handful of other ventures.

The takeaway? Jordan is more than one of the greatest athletes of all time – he’s one of the savviest businessmen of the twenty-first century. As an entrepreneur, there are plenty of lessons to be gleaned from his time on and off the court. Let’s take a look at a few of those:

Advertising

1. You Must Desire to be Great

“When you are around Michael enough, you realize very quickly that his rise to the top was far from coincidental,” said Andrew Walters, one of Jordan’s former business advisers. “I observed his leadership style, his quick mind, and his pure desire to be the best.”

There’s a common misconception that successful people stumble into greatness. While it may make for a good Hollywood story, this is rarely the truth. Successful people aim for greatness and do what it takes to get there. In Jordan’s case, he’s obviously been blessed with the talent to match his desire, but it’s the latter that fuels the former.

2. You Must Rebound from Failure

It’s a worn-out story, but is worth reiterating. Did you know that Michael Jordan was actually cut from his high school varsity basketball team the first time he tried out? That’s right, the coaches told him he wasn’t good enough to play high school basketball.

Advertising

In the NBA it wasn’t all success, either.

“I’ve missed more than 9000 shots in my career,” Jordan once famously said. “I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.”

People who say Jordan has it all obviously haven’t watched closely enough. There have been times when he failed, failed again, and failed some more. However, at the end of the day, he always picks himself back up and learns from his mistakes. As an entrepreneur, you’re going to fail. You’ll probably fail more than once. Do you have the courage and tenacity to get back up and succeed?

Advertising

3. You Must Get the Fundamentals Down

As an entrepreneur, you have to identify the handful of skills that you need to succeed. Those skills will look different depending on the industry you work in, but you have to recognize them and master them before focusing on more complex, bigger-picture things.

“You can practice shooting eight hours a day, but if your technique is wrong, then all you become is very good at shooting the wrong way,” Jordan warns people. “Get the fundamentals down and the level of everything you do will rise.”

4. You Must Stay on Guard

In your pursuit of success and greatness, people will try to bring you down. They may call you callous or greedy. You can’t let the noise drown you out. Sometimes you’re the only one that can protect yourself, so don’t be afraid to take a stand.

Advertising

Just recently, Jordan was forced to do so himself. After a supermarket used his name in an advertisement without his permission, Jordan decided that he couldn’t sit back and let people devalue his brand. He filed a lawsuit and was eventually awarded $8.9 million (which will ultimately be donated to local Chicago charities).

“He was compelled to send a message to the marketplace that he takes the protection of his identity seriously,” said Kevin Adler. It was a risky move that could have damaged his reputation with many, but it ultimately paid off. Jordan stood his guard and provided a lesson for entrepreneurs everywhere: Success doesn’t come by taking the easy route.

Featured photo credit: Jason H. Smith via flickr.com

More by this author

Schuyler Richardson

Content Writer

Science Explains How First Impressions Work (And Ways To Improve If You Failed) 5 Surprisingly Simple Ways to Jump Start Your Freelance Writing Career 8 CEOs Reveal Which Daily Habits Drive Success 4 Entrepreneurial Lessons You Can Learn From Michael Jordan 7 Powerful Habits Of Insanely Creative People

Trending in Entrepreneur

1 How to Be a Successful Entrepreneur (15 Powerful Actions to Take Today) 2 8 Life-Changing Skills You Can Learn in Less Than 6 Months 3 10 Websites To Learn Something New In 30 Minutes A Day 4 How To Make Money With CPA: Content Locking 5 Revealed: Successful Young Entrepreneurs’ Secrets to Making Their Dreams Come True

Read Next

Advertising
Advertising

Last Updated on September 20, 2018

How to Be Happy at Work and Find Fulfillment in Your Career

How to Be Happy at Work and Find Fulfillment in Your Career

If you’re going to spend 1/3 of our life at work, you should enjoy it, right?

Trust me, I know that’s easier said than done. Difficult coworkers, less-than-desirable tasks, or even just being in the wrong position can all lead to a lack of enjoyment and fulfillment in your work.

But what if I told you it doesn’t have to be this way? Or better yet, if you struggle with all of the above (and then some), what if I told you that enjoying your work and finding fulfillment regardless of those obstacles is possible?

Don’t believe me? I don’t blame you because I was there too. Before implementing the tips below, I struggled to get through each day, much less find real fulfillment, in the office. Now, even after the toughest days on the job, I still come away with feelings of pride, accomplishment, and fulfillment. The best news is, so can you.

If you’re ready to make those hours count and find happiness and fulfillment in the office, then read on to find out how to be happy at work and find fulfillment in your career:

1. Discover the root(s) of the problem

For this first step, we’ll need to think back to 8th-grade physics (humor me). We all know Newton’s 3rd law, “for every action, there is an equal and opposite reaction.” When you think about it, the same can be said outside of physics, and we see this law play out in our daily lives, day after day.

Simply put, all the issues we deal with in the office (and life in general) affect us in a noticeable way.

If you’re appreciated at work, like the work you do and receive frequent praise, promotions, or raises, then this will probably have an altogether positive effect on your life in the office.

But what if we reverse this? What if you feel under appreciated, get passed up for promotions, or get denied raises? This is sure to affect the way you feel at work on a negative level.

Advertising

So, before you can implement the steps of feeling happy and fulfilled at work, we first have to discover the reasons why you don’t feel that way already.

Think about it, write a list, or make a mental note. Run through all the reasons you’re dissatisfied in the office, and don’t hold back. Knowing the exact obstacles you’re facing will make overcoming them that much easier.

In fact, as a side-challenge to this article, I recommend picking the top three reasons contributing to your dissatisfaction at work and using the following tips to tackle them.

2. Practice gratitude for an instant uplift

Did you know the simple act of feeling grateful can increase your happiness and make you more fulfilled at work?[1]

Well, it’s true, and it’s scientifically proven.

Dr. Lisa Firestone notes that practicing gratitude “reminds us of what we lacked in the past.” Meaning, it serves as both a boost to happiness and a bit of a wake-up call that things have been or could be, much worse.

Trying to conjure up feelings of gratitude can seem almost impossible when your work situation seems bleak, but hear me out: There are incredibly easy ways to get started and it doesn’t involve trying to “force” yourself to feel grateful about things that stress you out.

For an instant pick-me-up, try this:

Find a loose piece of paper, a blank sticky note, or anything you can write on, be it physical or digital. List just three things that you are absolutely without-a-doubt thankful for in your life.

Now here’s the trick: Don’t just list what you’re grateful for, you have to list why you’re grateful for them, too.

Advertising

For example, simply saying “I’m grateful for my kids” will probably make you feel good, sure, but what if we could amplify the warm, fuzzy feeling into real, lasting motivation?

Instead, write the reason you’re so thankful for your children. Is it because they make you laugh and forget about other stressors? Or maybe they help to remind you of why you go to work every day in the first place?

Whatever your reasons may be, jot them down and keep your list somewhere you can see it while you work. A quick glance at your gratitude list throughout the day can provide powerful, positive motivation to keep going.

Bonus:

If you can find just three things to be thankful for that specifically relate to your job, and list why those things make you grateful, your list can also help you find fulfillment in your work itself which can give you an even bigger boost of positivity throughout the day.

3. Take meaningful time for yourself

We all know creating a strong work-life balance can be crucial to feeling satisfied in our jobs, but rarely do we ever address how we’re spending our time outside of work.

Many of us survive a 9-hour work day and commute home only to find ourselves busy with our personal to-do lists, running a household, and taking care of a child (or 2 or 3, and so on).

If you spend all your time working, whether in the office or within your household, you’re going to feel drained at some point. This is why setting meaningful time for yourself every day is highly important.

Look, I get it: I don’t know anyone in the working world who can shun all responsibility for a 3-movie marathon or happy hour with friends whenever they feel like it. But finding time for yourself, be it just 30 minutes to an hour, can really make a difference in how you feel at work.

This works because you’ll have time to actually relax and let the day’s stress melt away while you enjoy something just for you. The to-do lists and stressors will still be there after you’re refreshed and ready to tackle them.

Advertising

No time for me-time? Try this:

If you have a busy household, you’ll need to capitalize on a block of time you know will be completely uninterrupted. The easiest way to do this: try waking up 30 minutes to an hour earlier than usual (or push bedtime back an hour if you’re a night owl, like me) and take time to do something you enjoy.

This could be reading with a cup of tea, catching up on Facebook, spending time on a passion project—anything! As long as it’s meaningful to you, it works!

Bonus:

Starting your day with meaningful time for yourself can set you up to have a positive mood that lasts well into office hours, and having your me-time in the evening can give you something positive to look forward to during the day.

4. Get productive and feel accomplished

Don’t you just love the feeling of checking the last item off of a hefty to-do list? That’s because self-motivation can be a huge driver of positivity and success.

When we accomplish something, no matter how small, it makes us feel good, plain and simple. Applying this tactic to your daily work can be the motivator you need to find fulfillment during the daily office grind.

While there are tons of steps to get more done at work, I’ll share my personal favorite: Prioritizing.

Now, many people handle prioritizing differently. Some like to tackle the little tasks first so they can spend focused time on the big to-dos. Others like to knock out the big items first and get to the smaller ones when they can.

No matter which camp you’re in, you may be missing one crucial step: Time management.

So how’s this work? When you factor in the amount of time your priorities will take, it can transform your productivity ten-fold.

Advertising

Say you have three top priorities for the day. You might jump into the smaller ones or the bigger ones depending on your preferred method, and then find yourself out of time and bringing work home with you at the end of the day.

This is prevented when you factor in time. Knowing how long each item will take, or deliberately setting specific blocks of time for your priorities can help you accomplish more in the same 8-9 (or 12) hours that you typically spend at work.

Try this:

Take a look at your priorities and consider how long they should take. Pop into your Google calendar (or Filofax, whatever works for you) and schedule time to work on your priority items around any important meetings or events of the day.

The most important thing to remember is to stick to your dedicated time.

Often, when we know exactly how long we have to work on something (and honor this time limit), we’re motivated to get more done on time to avoid taking work home at the end of the day.

The bottom line

There’s no need to waste 1/3 of our lives feeling unsatisfied at work. Luckily, you now have the tools to get started, take back your time, and become happy and fulfilled at work again.

The only question is — which tip will you try first?

Featured photo credit: Ellyot via unsplash.com

Reference

[1]Psychology Today: The Healing Power of Gratitude

Read Next