Posts Tagged ‘Entrepreneurship’

Having the right people on the team is the key to winning.

Having the right people on the team is the key to winning.

In 1985, the Big East conference in the NCAA featured the best teams in the country.  Georgetown was the favorite to win the college basketball championship.  They lost to the lowest seeded team in the tournament of 64 college basketball programs.

 

How could this happen?  Georgetown seemed to have the better players.  What went wrong?  Nothing!  Villanova, a small Pennsylvania college had the perfect players for their program to defeat the mighty Hoyas.

 

Small business owners need to take a page out of the Villanova book.  They sometimes cry about the big companies dominating the world of business.  Use the Wildcats strategy of just getting the right people on your team.  Don’t worry about your competition.  Play your best game with your players!

 

“We must accept finite disappointment, but never lose infinite hope.”

“We must accept finite disappointment, but never lose infinite hope.”

Dr. Martin Luther King Jr.

 

Although Dr. Martin Luther King Jr. was not talking about entrepreneurship when he made this statement I believe it applies appropriately to the world of the small business owner.  We have to accept failure to experience success.

 

Optimism is probably the greatest asset and the greatest liability to small business dreamers.  We want to keep everything positive to produce energy to our company.  But we must also take the time to learn from the negative challenges to our business.  Don’t’ get too high and don’t get too low.  Keep the faith and learn lessons.  But never lose hope.  Have you ever felt like losing hope with your business?