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6 Lessons For Entrepreneurs From Game Of Thrones

6 Lessons For Entrepreneurs From Game Of Thrones

Game of Thrones is coming to us with a 6th season, which is a great opportunity to review what we know about the series until now. And more important, what we learned from the series. While most people focus on the murders, I tried to go beyond them and analyze why each character did those outrageous things. And this is how I found Game of Thrones offers a lot of valuable lessons for entrepreneurs!

1. Do not owe anyone, anything

The famous line of the Lannisters is “A Lannister always pays his debts”, which is probably the most valuable tip in this list of lessons for entrepreneurs from Game of Thrones. If Tyrion and his gang used this rule to justify the slaughter, entrepreneurs can use it to make sure their business thrives.

As a businessman your goal is to maximize the profit, but you must always pay your debts! As soon as you leave your debts to gather, you enter a downward road, which is not going to end with a cool breeze from the business market! In fact, not even the most powerful air conditioner will be able to cool down your employees and partners, if you’ve failed to pay them on time. Worse, your business rivals are waiting for this dark scenario to happen, so they can steel your employees and partners, along with your internal secrets.

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The take away: always pay your debts, for the safety of your company.

If you do fail, everyone in the market will recognize you as a reliable, serious entrepreneur, so they will be willing to work with you again.

2. Do not fear bad times

Littlefinger’s favorite line is “Chaos is not a pit, but a ladder” and he couldn’t be more right! For an entrepreneur, the best times are bad ones, when you need to struggle and learn a lot of things on the go. During bad times you have to act fast and dare to take bold decisions. If your company manages to survive during tough times, when the storm makes room for bright sun, your company is going to sail in full bloom. One of the best lessons for entrepreneurs you can take away from Game of Thrones is seeing tough times as opportunities, not obstacles.

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3. If you need to reinforce your status as a leader, you’re sitting on a thin layer of ice

As an entrepreneur, you have to inspire your employees and partners and gain your status as a boss. Successful entrepreneurs never have to say they are the boss, just like respected people never have to say “respect me”. In Game of Thrones, the Lannisters, (“Any man who must say I am the king is no true king”) act as rulers and they are seen as rulers. In real life, you need to act like a boss, take the right decisions, be objective and never cross the boundaries. If you are a good entrepreneur, power will come to you on the way, as well as respect and profit.

4. Don’t be afraid to speak up

Tyrion Lannister also offers a great lesson for beginner entrepreneurs: he might not be taken seriously at some times, but this doesn’t stop him from speaking out loud. When you are a young entrepreneur, or you’re not even currently holding the status of an entrepreneur, but you wish you could run your own company one day, you need to be bold enough to speak up your mind. Don’t be afraid to step up in front of the line and share your ideas – you might be noticed by someone!

5. Don’t be unfair to your employees or partners

The entire Game of Thrones series is rich in bloody leaders who inspire fear in everyone who dares to look up to them. With one exception: Daenerys. The blonde teen becomes the beloved Khaleesi due to her kindness. When you translate this into business world, you gain important lessons for entrepreneurs: don’t be cruel entrepreneur, employer and partner. Yes, you do want people to respect you and listen to you, but using cruelty is not the way to gain loyalty.

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Never try to intimidate others and gamble on your skills to get contracts and grow your business. In the long run, this approach will gain you a lot of friends and trusted partners, which are essential for a successful entrepreneur.

Also, listen to your team! If you fail to do this, you might become a despised leader. Looking at Game of Thrones’ Joffrey Baratheon, you can see the side effects of such a leader. On the business market, being despised is a sure way to kill your company, as your reputation is an important drive for businesses.

6. Never break your word

In businesses, your word is sacred! Once you’ve broken a promise, you’ve lost your word as well as your credibility. Without a valid word, you are going to have a tough life in the business world, where many agreements and contracts start with a discussion at a smoke. Retrieving your credibility is almost impossible, so make sure you never break a promise. Who taught us this from Game of Thrones? Robb Stark, who promised to wed a Frey woman, than completely forgot about it and we all know the bloody consequences of his broken promise.

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Lastly, remember the iconic line from Game of Thrones: Winter is coming!

The House of Stark doesn’t want to message us all that it’s time to open the winter coat chests, but they want to say they are always looking forward to make sure they are never caught on a bad foot. Back to business, you have to look in the future and make sure you stay up to date with the latest innovations and technologies. The sooner you do this, the better for you. If you are preparing your “winter coats” in the summer, you are definitely going to win the Game of Businesses!

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Last Updated on March 23, 2021

Manage Your Energy so You Can Manage Your Time

Manage Your Energy so You Can Manage Your Time

One of the greatest ironies of this age is that while various gadgets like smartphones and netbooks allow you to multitask, it seems that you never manage to get things done. You are caught in the busyness trap. There’s just too much work to do in one day that sometimes you end up exhausted with half-finished tasks.

The problem lies in how to keep our energy level high to ensure that you finish at least one of your most important tasks for the day. There’s just not enough hours in a day and it’s not possible to be productive the whole time.

You need more than time management. You need energy management

1. Dispel the idea that you need to be a “morning person” to be productive

How many times have you heard (or read) this advice – wake up early so that you can do all the tasks at hand. There’s nothing wrong with that advice. It’s actually reeks of good common sense – start early, finish early. The thing is that technique alone won’t work with everyone. Especially not with people who are not morning larks.

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I should know because I was once deluded with the idea that I will be more productive if I get out of bed by 6 a.m. Like most of you Lifehackers, I’m always on the lookout for productivity hacks because I have a lot of things in my plate. I’m working full time as an editor for a news agency, while at the same time tending to my side business as a content marketing strategist. I’m also a travel blogger and oh yeah, I forgot, I also have a life.

I read a lot of productivity books and blogs looking for ways to make the most of my 24 hours. Most stories on productivity stress waking up early. So I did – and I was a major failure in that department – both in waking up early and finishing early.

2. Determine your “peak hours”

Energy management begins with looking for your most productive hours in a day. Getting attuned to your body clock won’t happen instantly but there’s a way around it.

Monitor your working habits for one week and list down the time when you managed to do the most work. Take note also of what you feel during those hours – do you feel energized or lethargic? Monitor this and you will find a pattern later on.

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My experiment with being a morning lark proved that ignoring my body clock and just doing it by disciplining myself to wake up before 8 a.m. will push me to be more productive. I thought that by writing blog posts and other reports in the morning that I would be finished by noon and use my lunch break for a quick gym session. That never happened. I was sleepy, distracted and couldn’t write jack before 10 a.m.

In fact that was one experiment that I shouldn’t have tried because I should know better. After all, I’ve been writing for a living for the last 15 years, and I have observed time and again that I write more –and better – in the afternoon and in evenings after supper. I’m a night owl. I might as well, accept it and work around it.

Just recently, I was so fired up by a certain idea that – even if I’m back home tired from work – I took out my netbook, wrote and published a 600-word blog post by 11 p.m. This is a bit extreme and one of my rare outbursts of energy, but it works for me.

3. Block those high-energy hours

Once you have a sense of that high-energy time, you can then mold your schedule so that your other less important tasks will be scheduled either before or after this designated productive time.

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Block them out in your calendar and use the high-energy hours for your high priority tasks – especially those that require more of your mental energy and focus. You also need to use these hours to any task that will bring you closer to you life’s goal.

If you are a morning person, you might want to schedule most business meetings before lunch time as it’s important to keep your mind sharp and focused. But nothing is set in stone. Sometimes you have to sacrifice those productive hours to attend to other personal stuff – like if you or your family members are sick or if you have to attend your son’s graduation.

That said, just remember to keep those productive times on your calendar. You may allow for some exemptions but stick to that schedule as much as possible.

There’s no right or wrong way of using this energy management technique because everything depends on your own personal circumstances. What you need to remember is that you have to accept what works for you – and not what other productivity gurus say you should do.

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Understanding your own body clock is the key to time management. Without it, you end up exhausted chasing a never-ending cycle of tasks and frustrations.

Featured photo credit: Collin Hardy via unsplash.com

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