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Gold standard: What businesses can learn from Australian Olympians

Elsy O’Hare says there are striking parallels between the athletic arena and the business world. The pressure to perform, the need for innovation, and the importance of teamwork are shared challenges.
Elsy O’Hare
business lessons
Source: SmartCompany

The 2024 Olympics has been more than just a sporting spectacle; it has been a masterclass in resilience, determination, and the indomitable human spirit. As a publicist navigating the often unpredictable waters of running my own business, I found myself drawn to the stories of our Australian athletes. Their journeys, filled with triumphs and setbacks, mirror the challenges I encounter daily.

The parallels between the athletic arena and the business world are striking. The pressure to perform, the need for innovation, and the importance of teamwork are shared challenges. The Australian Olympic team, with their unwavering dedication and pursuit of excellence, has offered invaluable lessons in business acumen.

Determination: Fueling success

Saya Sakakibara’s gold medal victory is a testament to the power of unwavering determination. Her journey from tragedy to triumph is an inspiration to athletes and entrepreneurs alike. In the face of adversity, she channeled her grief into an extraordinary performance. As a business owner juggling multiple clients and projects, there are inevitably days when the workload feels overwhelming. However, Sakakibara’s story reminds me that with determination and focus, even the most daunting challenges can be overcome.

Resilience: Bouncing back stronger

Ben Garside’s boxing match showcased the importance of resilience. In the realm of entrepreneurship, rejection is a common occurrence. A declined pitch or a failed campaign can be disheartening, but it’s crucial to view these setbacks as opportunities for growth. Garside’s composure in the face of defeat is a powerful reminder that resilience is a cornerstone of success.

Mindset: The power of positive affirmations

Jemima Montag’s bronze medal win was as much a mental victory as a physical one. Her family’s strategy of using affirmations during the race was a game-changer. By surrounding herself with positive reinforcement, Montag was able to maintain focus and overcome the physical challenges of the 20km walk. In business, positive affirmations and mindset can be equally powerful. Setting goals, visualising success, and practicing self-talk can boost confidence and resilience.

The lessons learned from these extraordinary athletes are invaluable for anyone navigating the complexities of the business world. By embracing determination, resilience, and a positive mindset, entrepreneurs can increase their chances of achieving long-term success.

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