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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 August 6, 2020

Why Working 9 to 5 Is Outdated

Why Working 9 to 5 Is Outdated

Bristol is the most congested city in England. Whenever I have to work at the office, I ride there, like most of us do. Furthermore, I always make sure to go at off hours; otherwise, the roads are jam-packed with cars, buses, bikes, even pedestrians. Why is that? Because everyone is working a traditional 9 to 5 work day.

Where did the “9 to 5” Come From?

It all started back in 1946. The United States government implemented the 40 hour work week for all federal employees, and all companies adopted the practice afterwards. That’s 67 years with the same schedule. Let’s think about all the things that have changed in the 67 years:

  • We went to the moon, and astronauts now live in space on the ISS.

  • Computers used to take up entire rooms and took hours to make a single calculation. Now we have more powerful computers in our purses and back pockets with our smartphones.

  • Lots of employees can now telecommute to the office from hundreds, and even thousands of miles away.

In 1946 a 9-5 job made sense because we had time after 5pm for a social life, a family life. Now we’re constantly connected to other people and the office, with the Internet, email on our smartphones, and hashtags in our movies and television shows. There is no downtime anymore.

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Different Folks, Different Strokes

Enjoying your downtime is an important part of life. It recharges your batteries and lets you be more productive. Allowing people to balance life and work can provide them with much needed perspective and motivation to see the bigger picture of what they are trying to achieve.

Some people are just more productive when they’re working at their optimal time of day, after feeling well rested and personally fulfilled.  For some that can be  from 4 a.m. to 9 a.m; for others, it could be  2 p.m. to 7 p.m.

People have their own rhythms and routines. It would be great if we could sync our work schedule to match. Simply put, the imposed 8-hour work day can be a creativity and morale killer for the average person in today’s world.

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Productivity and Trust Killer

Fostering creativity among employees is not always an easy endeavor, but perhaps a good place to start is by simply not tying their tasks and goals to a fixed time period. Let them work on their to-do list at their own pace, and chances are, you’ll get the best out of your employee who feels empowered instead of babysat.

That’s not to say that you should  allow your team to run wild and do whatever they want, but restricting them to a 9 to 5 time frame can quickly demoralize people. Set parameters and deadlines, and let them work at their own creative best with the understanding that their work is crucial to the functioning of the entire team.

Margaret Heffernan, an entrepreneur who previously worked in broadcasting, noted to Inc that from her experience, “treating employees like grown-ups made it more likely that they would behave the same way.” The principle here is to have your employees work to get things done, not to just follow the hands on the clock.

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A Flexible Remote Working Policy

Yahoo CEO Marissa Mayer famously recalled all her remote workers, saying she wanted to improve innovation and collaboration, but was that the right decision? We’ve all said that we’re often more productive in a half day working from home than a full day working in the office, right? So why not let your employees work remotely from home?

There are definitely varying schools of thought on remote working. Some believe that innovation and collaboration can only happen in a boardroom with markers, whiteboards and post-it notes and of course, this can be true for some. But do a few great brainstorms trump a team that feels a little less stressed and a little more free?

Those who champion remote working often note that these employees are not counting the clock, worried about getting home, cooking dinner or rushing through errands post-work. No one works their 9-5 straight without breaks here and there.  Allowing some time for remote working means employees can handle some non-work related tasks and feel more accomplished throughout the day. Also, sometimes we all need to have a taste of working in our pajamas, right?

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It’ll be interesting to see how many traditional companies and industries start giving their employees more freedom with their work schedule. And how many end up rescinding their policies like Yahoo did.

What are your thoughts of the traditional 9-5 schedule and what are you doing to help foster your team’s productivity and creativity? Hit the comments and let us know.

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