Top 7 Similarities between Business and Sports

It’s so very interesting that a number of the greatest entrepreneurs possess some sports in their background. It makes sense because business is a rather competitive game really. Precisely how much similar is a sporting event or sports into business? Well, pretty similar and lots of sports exist truly because there’s commercial value. Professional Basketball, Baseball, Hockey, Soccer and Golf are both a business and a game. Below are a few similarities to both sports and business, which you could find intellectually stimulating and intriguing.

1.) In business you have to first learn how to conduct business; in sports, you need to train.

2.) In business you will need the most effective equipment, computers, and systems; in sports, you will need the best bike, shoes, equipment or bobsled.

3.) In business you have to make revenue goals; in sports, you have to score goals.

4.) In business you have to strategize and have appropriate preparation; in sports, you have to have a game plan and memorize the plays.

5.) In business you’re competing against the competition for market share and earnings; in sports, you have to compete against your opponent (s) to win.

6.) In business, if you’re the best that you must guard your brand name; in sports should you win you have to defend your name.

7.) In business your brand name is paramount and you need to stay on top; in sports, if you lose a lot of games you’re forgotten.

Those are merely a few of the most obvious parallels to business and sports and there are others. I bring you this just to help you find a new perspective in the game of business and enable you to win market share and increase sales. Maybe you can come up with 3 more similarities between the two; think about all of this in 2006.