Sports And Entrepreneurship: Two sides of A Coin By Arun Pandey, Chairman & MD Rhiti Group
One of the more entertaining and popular ways of rewinding is certainly sports. Therefore, it would not be incorrect to claim that today, entrepreneurs are supporting our economy, enabling it to thrive and sports, in turn, can support our entrepreneurs to thrive, both, physically and mentally.
These are unprecedented times, trying our resiliency and ability to adapt. Under such circumstances the need for restorative and acoustic therapy is peremptory and one of the easiest ways to indulge in it is through sports. Everything, including the business environment, is changing all over the world and entrepreneurs are completely revolutionizing the economy while concurrently attempting to recharge, recalibrate and reboot themselves.
One of the more entertaining and popular ways of rewinding is certainly sports. Therefore, it would not be incorrect to claim that today, entrepreneurs are supporting our economy, enabling it to thrive and sports, in turn, can support our entrepreneurs to thrive, both, physically and mentally. Hence the bond between the two is mutual and unbreakable!
Moreover, it is an ineludible fact that there is a striking resemblance between sports and entrepreneurship! It is noteworthy that just like in sports, starting a new business too, demands dedication, determination, discipline, and working sedulously. These values which one learns in the field are highly applicable within the business world as well. Hence, the underlying correlation between sports and business not only needs to be recognised, but also nurtured in order to aid our endeavours while building back better for a new tomorrow.
Although the comparison between sports and entrepreneurship seems metaphorical, in actual fact both are two sides of the same coin. Both sports and entrepreneurship are very competitive professions, demanding burning passion, tenacity, agility, and continued focus from ‘players of the game.’
Undoubtedly, failure is an inevitable part of both these spheres, but what distinguishes sportspersons and entrepreneurs from others is the manner in which they celebrate failures, learn from them, and strive harder to achieve their goals. Also, the inter-twined relationship between the two spheres has given rise to concepts like ‘sports entrepreneurship’ which can prove beneficial for our economy.
Furthermore, the innovative techniques and values which one learns on the field such as teamwork, humility, consistency, competitiveness can easily be applied within the business world, clearly giving you an edge over the others. Again, we cannot deny that the sports world to benefits largely from the business world, as it adds the ‘Midas touch’ to the sports industry through research and technology innovation. A strong culture of innovation, thus delivered, enhances the experiences of players and audience alike.
The world of sports is more than just entertainment, glamour, and money; it is an asset to our existence with the potential to better people's lives. Given its universal appeal, sport can provide a common platform to connect with and address the developmental needs of a community, including entrepreneurship. Indeed, it is a well-documented mechanism for both, individual and entrepreneurial development as it demands and fosters qualities such as dedication, discipline, and teamwork, which go hand in hand with growth and evolution.
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