Golf is a sport that conveys many good values and teachings to be applied in other areas of life, such as setting up a business, for example. Four are the golf lessons that can be used by entrepreneurs in their new business projects:
- In golf, as in business, you always play on you own. Golf is a match between the player and the 18 hole course itself, and each time is different. The same occurs in business, it’s the entrepreneur that plays alone against the market and also its own. As in golf, there are ways to ally with third parties and play together, but it’s only the player who hits the ball. Both in golf and in business, the level achieved depends on our own effort.
- Too much information is not helpful: a golf player needs some data before executing each stroke. Knowing the exact wind speed, humidity, distance to target, steep of the fairway… helps to execute the perfect stroke, but having more information doesn’t make you hit the ball better. Too much data can lead to the player not focusing on the relevant aspects of the game, and in a similar way that can happen too when you start a business. The entrepreneur has to keep focused in the important matters, using the minimum amount of information needed to run the business. For example, a simple market study should be enough to design a product or service, being counterproductive to make a deeper study and risk to miss your chance because of too many useless data.
- You have to be prepared: when you’re going to play a golf match, you always have to be prepared. That doesn’t mean that you have to be ready for any kind of setback, but only for those that have a reasonable chance to occur. In a sunny day with no rain expected, the golf player should leave his umbrella at home. In business, the entrepreneur must be prepared for everything that is expected in his venture, leaving aside those that are not supposed to occur in his area of activity.
- Pace is vital: golf is a sport where you need to synchronize a lot of muscles at the same time in order to hit the ball correctly and achieve effective strokes. In business, the entrepreneur must work to find the pace that makes his company flow, synchronizing all processes to obtain the best result. It’s not easy at first, just like in golf, and it’s usual to feel misled, but with practice, you’ll achieve synchronization of the business processes in no time.