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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 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.

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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.

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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.

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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.

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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

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