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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 November 5, 2018

20 Best Places to Work for a Great Career in 2018

20 Best Places to Work for a Great Career in 2018

Looking for a job? There’s no doubt to the fact you will want to work with a company that appreciates you for who you are.

Well, good news. The labor market today is one that has peened up with more opportunities for advancement and personal employee improvement. This is partly due to the fact that a lot of companies have been made to understand the value of their biggest assets: the employees.

To wit, here’s a list of companies- across a wide array of industries- that have been able to develop working environments that are healthy and accommodating to workers.

Take a look at these 20 best place to work for a great career:

1. Salesforce, San Francisco, California,

    Salesforce is in the information technology business and the company ranks highest due to their commitment to learning and innovation. They are ready to try new things and everyone with a new idea is always welcome to share it at the company. The company has also been known to exhibit an exceptional approach to alignment.

    Find out more about careers in Salesforce

    2. Wegmans Food Markets Inc.,Rochester, New York

      Based in Rochester, New York, employees have been known to enjoy a sense of purpose from working here. The company has been able to achieve an optimal level of engagement across all working tiers and they’ve been able to achieve great things together. They even do deliveries.

      Find out more about careers in Wegmans

      3. Ultimate Software, Weston, Florida

        Employees get amazing benefits here but that’s not the only reason why this place is so awesome to work. Whenever there is a need or a death of an Ultipeep or any of other family members, the company shows love and support like no other.

        Find out more about careers in Ultimate Software

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        4.The Boston Consulting Group, Inc., Boston, Massachusetts

          Development is at the center of anything that goes on here. The business is about people and employees are the company’s biggest asset. Employees are able to challenge the status and also leave impacts on clients.

          Find out more about careers in The Boston Consulting Group

          5. Edward Jones, St. Louis, Missouri

            Edward Jones is admired for their ability to acknowledge history without being mired down by it. The company builds on a solid foundation but there is also a level of flexibility that allows for innovation.

            Find out more about careers in Edward Jones

            6. Kimpton Hotels and Restaurants, San Francisco, California

              Kimpton is a trendsetter in the hospitality industry. The company always strives to try something different and that perspective is welcomed there at all times. Enjoy the weekends with luxury rooms, conformable mattress, furnished and well dressed service staff. A great opportunity for job seekers.

              Find out more about careers in Kimpton Hotels and Restaurants

              7. Workday, Pleasanton, California

                Newbies will find no issues with feeling welcome and at home here as this has always been a core culture component of the IT giant. Everyone is treated like family and this fosters a sense of oneness.

                Find out more about careers in Workday

                8. Genentech, South San Francisco, California

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                  Here, employees are encouraged to be themselves. There is a feeling of care, safety, and acceptance that you get here that you can’t get at many firms. The development of an all-inclusive environment has always been foundational.

                  Find out more about careers in Genetech

                  9. Deloitte, New York, New York

                    Deloitte is one of the biggest professional service providers in the world, noted for their focus on constant learning, development and improvement. They invest in their employees and are concerned about their well being.

                    Find out more about careers in Deloitte

                    10. Baird, Milwaukee, Wisconsin

                      Baird is a financial services provide that is known for adopting a “no asshole policy’ which guides the way people relate with and respect each other, regardless of their position on the company’s hierarchy.

                      Find out more about careers in Baird

                      11. Quicken Loans, Detroit, Michigan

                        At Quicken Loans, the views and opinions of everyone are respected and heard. The organization is revered for the amount of investment they put in their team members and everyone looks for ways to grow and be better.

                        Find out more about careers in Quicken Loans

                        12. Capital One, Mclean, Florida

                          Capital One has adopted a culture that encourages employees to take risks and try new things. They foster a healthy work-life balance and associates are challenged to live better lives.

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                          Find out more about careers in Capital One

                          13. Cooley LLP, Palo Alto, California

                            Cooley LLP is a law firm known for their ability to care about the company culture and being able to develop a working environment that is empowering and fun. Cooley is known to go for the best when it comes to their employees, regardless of the occasion.

                            Find out more about careers in Cooley LLP

                            14. Southern Ohio Medical Center, Portsmouth, Ohio

                              The medical center has been known for their propensity to delegate so much to their employees, thereby providing them with the ability to grow and learn on the job. In the end, you get a workplace that is all-engaging and super fun.

                              Find out more about careers in Southern Ohio Medical Center

                              15. American Express, New York, New York

                                American Express is a firm that celebrates wins, no matter how small. Everyone is made to share the same attitude towards service and the people they are to serve, thereby making people care about what they do.

                                Find out more about careers in American Express

                                16. Adobe Systems Inc., San Jose, California

                                  The culture at Adobe Systems is one that encourages employees to develop their own ideas and get a strong viewpoint. As opposed to encouraging competition, work-life balance is fostered everywhere here.

                                  Find out more about careers in Adobe Systems Inc.

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                                  17. The Cheesecake Factory Inc., Calabasas, California

                                    The Cheesecake Factory rewards dedication and hard work. Promotions come pretty easy, and there is always space for guidance to develop your experience and skills.

                                    Find out more about careers in The Cheesecake Factory Inc.

                                    18. Sap America, Newtown Square, Pennsylvania

                                      If you’re looking for a new career path, SAP might be the best bet for you. The company is adept at recognizing value and transferable skills. And you can always look for a new path while maintaining your employment.

                                      Find out more about careers in Sap America

                                      19. NVIDIA Corporation, Santa Clara, California

                                        NVIDIA is known for looking after even the smallest of things. With even a “pets allowed” policy this company accepts you for who you are, and helps you to work within your personality. Advancement is also fostered, and you are able to collaborate effectively.

                                        Find out more about careers in NVIDIA

                                        20. KPMG LLP, New York, New York

                                          Communication and progressive collaboration are the foundation of this company’s workforce treatment. Regardless of the level you are, someone is always at the ready to help and the company rewards extra effort with gratitude.

                                          Find out more about careers in KPMG LLP

                                          All in all, it’s safe to say that you will be able to find somewhere to apply your skills (whatever they are) that is all inclusive and highly accommodative. Companies today are being made to understand how much they can get when they treat their employees right and this has opened the door to an encouraging work environment for all.

                                          Happy job hunting!

                                          Featured photo credit: Pexels via pexels.com

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