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10 Lessons Entrepreneurs Can Learn From Michael Phelps

10 Lessons Entrepreneurs Can Learn From Michael Phelps

The push, the grind, the effort, the consistency, the failures and the victories. We all have success and failures in life, but what matters is how we handle the adversity. Being an entrepreneur is very similar to being an athlete.

The qualities you must possess, the adversity you experience, the physical, emotional and mental pain, all feel the same whether you’re an entrepreneur or an athlete. As an entrepreneur and “retired” Div I collegiate athlete, watching Michael Phelps during the Olympics, I was inspired by his story. Love him or hate him, his story resonates to a human’s core. It surely did for me.

Since I’ve been thinking so much about his story and what makes it so inspiring, I couldn’t help but relate this hero’s journey to entrepreneurship. Life has ups and downs. It’s hard. We are all looking for hacks, tips and resources to ease our pain and find our way back home to share our story of success.

Life can knock you down, like it does for everyone, but how you handle the adversity is what matters. The process of getting back up and facing your biggest critics is how character is built.

Let’s look at the powerful business lessons I learned from a powerful force in the water, Michael Phelps.

1. Be True to Yourself

I’ve watched several interviews with Michael recently and he kept saying he wanted to do it for himself. He wanted to go out on top and do this his way. Can you relate?

With so much noise online and gurus claiming they have the answers to financial freedom, it’s hard to hear your own inner voice and calling. Maybe you’re not sure which action to take. You may feel paralyzed with fear. (I know I do sometimes.) Will the grammar police correct me publicly? Will they think I’m a fraud?

One thing I’ve learned is that I have to be true to myself. I have to get back in the water, as Michael did, even though it’s scary and won’t be easy. Staying true to myself and building a business, on my terms, is what it’s all about.

2. Hone Your Craft

Michael has perfected his craft. He studies film, he takes consistent, daily action. He pushes his body to the limit and he has been doing so for years. I think one of the hardest lessons in life is learning patience.

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And as an entrepreneur, do you have the patience to hone your craft without seeing any results? Are you willing to put in the time after multiple failed attempts? Are you willing to write that book without a publisher, create opt-ins that don’t convert and run Facebook ads that see zero ROI? The entrepreneur’s life is consistent with trial and error. For that I’m certain. We are constantly bombarded with million dollar stories and what seems to be overnight successes.

Michael didn’t win 28 medals “overnight.” It didn’t take him less than a year to hone his craft and reap the rewards. It took years of patience, skill and tenacity. It takes time to hone your craft, remain consistent and practice patience. Are you looking for the quick fix and the simple solution?

Think about it. Do you have the patience to hone your craft?

3. Surround Yourself With the Right People

Most people only have a handful of real friends. Look at Michael, he thought he had friends until someone snapped a photo of him taking “hits from the bong.” There are only a few people in your life that can show you empathy, love and compassion without judgment.

Surround yourself with those people. The wrong people in business will only bring you down and destroy what you’ve built. Find people that lift you up, make you a better person and won’t judge. Currently, if you have the wrong people in your life, you’re allowed to distance yourself and find new friends.

I give you full permission.

Michael didn’t get to where he is without the help and support from the right people. If you don’t currently have anyone in your life, start trusting yourself and connecting with like-minded people that think and perform at the top of their game. Your business and legacy depend on it.

4. Rule Yourself

Have you seen Michael’s Under Armor commercial where he’s working out, swimming countless laps and pushing himself to the brink of exhaustion in the dark? Without a doubt, you notice that determined, focused, passionate look on his face that says, “I’ll never quit.”

It’s the look of an athlete on a mission.
It’s the look of a single mom that works three jobs to make ends meet.
It’s the look of a professional that has their employees and family depending on them.
It’s the look of an entrepreneur up until 3 a.m. the night before a launch.

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“It’s what you do in the dark that puts you in the light. Rule Yourself. I will.”

It’s the ability to rule yourself.

It’s the ability to choose how you want to feel and take back your power.
It’s the ability to accomplish your goals.
It’s the ability to believe in yourself and to know your own value.

Rule yourself my friend, rule yourself!

5. Set Big, Audacious Goals

Katie Ledecky, swimmer and Olympic Gold Medalist, (not Michael this time) said in an interview with Ryan Seacrest that she set a goal after the 2012 Olympics and wrote it down. It was a big, scary goal that she didn’t think she could reach, but four years later, she crushed it.

What does that mean to the entrepreneur that wants to retire their spouse and impact the world? It means that without goals, you’re going nowhere. Goals don’t have to be solely financial either.

Set “impact goals” like, how has your business changed lives?
How can you measure impact?
How many of the right clients have you created as a result?

Get creative in how you measure the results. You could record how many positive emails or testimonials your get on a daily or weekly basis. That could be the driving force in your business. Set an impact goal and strive to increase it weekly, monthly, quarterly.

6. Finish

I hear and see a lot of entrepreneurs starting projects, but rarely ever finishing them. Of course, there have been plenty of times when I didn’t finish a project. But if I’m taking a lesson from Michael Phelps’s book, I’m going to finish what I start.

If I set a goal, I will rule myself until the end. I’m a little stubborn like that.

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There have been hundreds of times when I wanted to quit, but I didn’t.
I wanted to quit when I was in college, but I didn’t.
I wanted to quit when I first started my business, but I didn’t.
I wanted to quit being a mother at 4 a.m. with a screaming child, but I didn’t.

There have been plenty of projects and ideas that never have seen the light of day, but that doesn’t stop me.

Do you think Michael got to be the most decorated Olympian of all time because he quit when it got hard?

Finish.

Finish when it’s not sexy and you don’t feel like it.
Finish even if you don’t make millions from your effort.
Finish because you’ll learn something about yourself.
Finish and you’ll figure out the rest along the way.

7. Flexibility

You’re allowed to change your mind. There’s a fine line between “staying the course” and adjusting along the way. You have to stay the course, but if it’s clearly not working, things need to change.

I hear all too often that “this is how it has always been done” and it kills the creativity of businesses. Things must change to sustain.

It takes skill as an entrepreneur to know when to stay the course and when to be more flexible. Surely you’ll make the wrong decisions along the way, but keep an open mind with your vision. The journey is long. Remain flexible in how you get to your destination, but stay firm in your vision.

8. Implement

You must take action and implement what you learn. How many times have you gone to a summit or conference, learned hours of valuable information, met tons of amazing people only to return home to “business as usual?”

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“Insight without action is worthless.” – Marie Forleo

If you study film, read an article that inspires, educates, motivates, you must follow through and implement the lessons. Apply and do the work. It matters! Get out there and start doing. Take risks and make things happen. You got this!

What action can you take today to apply what you’ve learned?

9. The Pain Has A Purpose

If you’re human, you’ve experienced pain, but the pain has a purpose. It always does.

Often times you can’t see the purpose or reason for the pain, but the message will appear when you’re ready to hear it. Michael felt the pain after his second DUI. The world as he knew it was coming to an end. The pain was immense, but from that pain, he began to heal.

He went off to rehab and found himself swimming in a pool way too small for an Olympic athlete, but within the confining walls of a small pool, he found a man with a purpose. Your pain has a purpose too.

Can you see your pain as an opportunity for growth? Can you move through the pain to see a new perspective? Find your place to heal. Take a step back and get quiet so you can see more clearly. Allow your heart to open and for the forgiveness to enter.

10. Consistency

Consistency is huge and it’s something so many of us struggle with. There will always be someone better, stronger, faster, more skilled and more talented, but the “best” are the ones that remain consistent with their purpose and mission. You don’t have to be the best writer, speaker or leader to make an impact, but you do need to do it consistently.

What makes Michael different than any other swimmer in the world? There are many factors and variables, but one thing remains true. He’s consistent. He consistently shows up and does the work. He puts in the time and goes the extra mile.

Where can you be more consistent as an entrepreneur? Where can you consistently focus more of your time?

The most successful entrepreneurs aren’t working on a whim. They show up consistently and take action even when it’s scary and hard. Be that entrepreneur that makes a difference and changes the world. The world needs you!

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Maggie Rowe

Copywriter | Life Coach

10 Lessons Entrepreneurs Can Learn From Michael Phelps

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Last Updated on September 18, 2019

11 Hard Skills That Will Land You More Career Opportunities

11 Hard Skills That Will Land You More Career Opportunities

Are you looking to move up the career ladder? Or maybe you’re tired of having a “job” and want to start looking for a more permanent career?

Whatever your motivation, you are going to have to learn some new and different hard skills to broaden your opportunities. After all, there’s a very famous quote that says:

“The definition of insanity is doing the same thing over and over again, but expecting different results.” – Albert Einstein

While the insanity part doesn’t really fit here, the overall message is a good one. If you are looking for a different result (career advancement, more money or even a career instead of a job), it’s up to you to make it happen. This is both the good news and bad news!

The good news is that because it’s up to you, you have complete control over it happening. The bad news is that change is hard. Humans are creatures of habit, that’s why we develop routines, and anything that disrupts that routine causes us anxiety. And we will do almost anything to get rid of that anxiety. The overweight person will calm their anxiety by eating that doughnut, the smoker will light up a cigarette to avoid anxiety.

What we want to do with this article is to give you the hard skills you’ll need to reduce that anxiety so you can move up that corporate ladder, make more money or have career instead of just a “job.”

The following hard skills are essential to learn if you want to advance your career. They may not be easy to take up, but definitely worth your effort of learning:

1. Cloud Computing

“Simply put, cloud computing is the delivery of computing services—servers, storage, databases, networking, software, analytics, intelligence and more—over the Internet “the cloud” to offer faster innovation, flexible resources, and economies of scale. You typically pay only for cloud services you use, helping lower your operating costs, run your infrastructure more efficiently, and scale as your business needs change.” Microsoft[1]

There are many different jobs available in the cloud computing world today. They range from architects and developers to data scientists, security pros. Each job is its own specialty and requires a high level of specification for advancement.

This is definitely a hard skill that requires education. But if the tech world and computers are your thing you can make cloud computing a lucrative career.

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2. Data Mining and Statistical Analysis

Again, these are highly specialized fields. Data mining is defined as using large sets of data to look for anomalies and other patterns that can be used to predict future behavior.

Amazon is probably the best known company to use data mining. Have you ever noticed that when you buy something at Amazon, you’ll see a little ad at the bottom that says “customers who bought this also bought…”and it lists 2-3 other items? All of that information comes from data mining, by examining the millions of sales amazon makes they can predict that if you buy item #1 there is a high likelihood that you will buy one of the other items too. T

his not only increases sales for Amazon, but it also serves as a reminder for you that you may need these additional items for your project. This is very valuable information and has a wide range of uses. Although it has a bad reputation and evil sounding name, it is a very useful tool for maximizing productivity and sales.

3. Data Management

All companies today deal with a ton of data! Being able to manage that data in an efficient manor is not only highly prized, but a necessity.

We all have these things on our desks called computers. Unless there is a need for a paper copy, almost all of our data is computerized. Meaning that, in theory it is all at our fingertips. Being able to organize that data so that it’s easily and quickly retrievable is why computers are replacing filing cabinets!

However, just like the old fashion filing cabinet, data management on a computer is only good if it’s well organized. You want to make sure that you are keeping your data well organized so that it’s easy to find when needed. This is a skill that comes easily to some people (are you a person that makes lists? Good!) but with others it will be a skill that needs to be practices. Make sure that this is a discipline you master.

4. Scheduling

Being able to make and keep to a schedule is a very useful tool in both business and life. Effective scheduling means that you can prioritize projects, understand the tools needed to get the job done on time and that you are organized enough to lead people.

An important point here is to write things down! Whether it’s in an old fashion daily or weekly organizer or in a PDA. Have a copy of your schedule available at your fingertips at all times.

5. Financial Skills

These are especially important when looking for that promotion. The higher up the ladder you go, the more you’ll have to deal with things like accounting, budgeting, financial planning and cash flow management.

While you may not need to be an expert at all of these, you should have a good grasp of all of them. This is where taking a few night classes at your local community college is a good idea. You don’t need to become an expert, but brushing up on these skills will help you tremendously.

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6. Research Skills

These are important in all aspects of life, but especially in your work-life.

Are you looking for that first job out of school? Nothing impresses a boss or hiring manager more than someone who has researched the company. Trust me, they deal with people walking in off the street everyday looking for a job, but managers and owners need to see the value in hiring (or promoting) you.

So do your research and have some company specific questions ready to ask. Show that you are interested in working for that company or that position and not just “a” job or the “promotion” because you have seniority or need the money.

If it’s a promotion that you are after, never bad mouth the previous occupant. Instead pick out an example that he/she was good at and explain how you would like to use or expand that policy and how it would enhance the policy changes you’d like to make.

If it’s a new job you’re going for, then make sure to have some company specific questions ready to show that you have done your homework for the new position.

7. Marketing Skills

While marketing a companies products or services has always been a highly sought after skill. In today’s world, it can take on several different forms.

Some of the marketing skills that are highly sought after today include, SEO, Search Engine Optimization, SEM, Search Engine Marketing and marketing campaign management. Familiarity with Google Analytics as well as Word Press are also valuable.

While traditional marketing and branding were focused on advertising and selling. Almost all marketing efforts now a days are focused on the internet.

8. Network Security Specialist

Again, this is a highly skilled position that requires specialized training. But the amount of data that all companies store is significant, and if that data is leaked or stolen, it can costs them millions of dollars in both lost revenue and lawsuits.

So, if you have an interest in network security you will find the field both lucrative and stable.

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9. Communication Skills

At first glance, communication skills may not look like it fits into the category of “Hard Skills” that can help you succeed. But in this ever shrinking world where companies can do business from almost anywhere, communication is more and more important.

Are you bilingual? It really doesn’t matter what language you speak, there’s a company out there looking for someone who speaks that language.

10. Computer Programming

I don’t know about you, but I’m pretty sure that computers are going to be around for a while! As both the hardware and software get more advanced, the need for computer programming is only going to increase.

11. Graphic Design

As of 2018, there were 4.37 million new websites launched.[2] A good number of them will fail because they just aren’t interesting enough visually. The use of templates and replicated websites is only making the problem worse.

Part of the way Google ranks sites is through originality, this almost ensures that replicated sites will never get ranked through Google. So the more original your site is, the more likely people will visit and actually spend time there.

That is what a good graphic designer does. Takes your basic idea and turns it into a website that people actually want to visit.

Embrace the Anxiety That Comes with Change

You know it’s going to be there, you know that you’ll want to give up as you’re learning these new skills but, you’ll also know that the end result is worth the journey.

Here’s a little trick when you’re feeling overwhelmed:

Have you ever met an ex-smoker who was sorry they quit? An ex-drinker or drug user that said life was much better before they quit? These people have gone through some of the most difficult challenges humans can go through including weeks, if not, months of intense physical withdrawal symptoms. They did it because they knew that the pain and anxiety they would experience would ultimately get them to a much better life.

Now what was that complaint you had about attending night-school?

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This is the part everyone hates, everyone thinks night-school, adult education and just generally giving up family and/or spare time. While those are certainly possible ways to develop the necessary skills, they aren’t the only way.

You’ll want to check with your human resources department because depending on the company, a certain degree maybe required in order to even be considered for a position. In those cases, night-school, on-line or some other form of adult education maybe your best route.

But as long as a degree isn’t required, then your options are wide open.

Let’s just say that you’re a sales person interested in becoming the sales manager but, the territory you’ve been given will never produce the sales figures that would make you stand out as a good candidate for sales manager. So how about you start your own side business (don’t compete with your company), but let’s say you enjoy golf.

In this day and age, there are plenty of places that will teach you how to sell products on-line and even set you up with your own website. So you start a site selling golf equipment and accessories (don’t worry, you won’t even have to carry inventory or worry about shipping).

Now, when that sales manager spot opens up, you can explain that even though other salespeople had better numbers than you, it had nothing to do with your sales ability, it was more of a consequence of the territory your were given.

And to prove it, you brought in some information about a side business, you started showing that you’re on target for a sales growth rate of 30% this year. And because you had to do all of the marketing for the business, you came up with some marketing strategies that you can bring to the new job (built-in experience).

The Bottom Line

We’ve put together these 11 hard skills as a way to give yourself a “leg up” on the competition. We’ve tried to make this a mixture of both skills that require a great deal of training, and also ones that you can work on and develop by yourself.

We know that not everyone is cut out to be a cloud computing expert, but we also know that working on and having good scheduling skills will make you a much more desirable candidate for the position!

We also don’t want you to discount the idea of a “side hustle“. Especially for people new to the workforce, having a business that you have started and run successfully shows potential employers that you have initiative, scheduling skills and ambition which can put you well ahead of your competition!

As usual, we hope you found this article both enjoyable and informative. If you did, may we ask that you share it with your family and friends through social media. It really does help us and is greatly appreciated!

More Skill to Help Advance Your Career

Featured photo credit: Kyle Sterk via unsplash.com

Reference

[1] Microsoft Azure: Cloud Computing
[2] Netcraft: December 2018 Web Server Survey

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