Watch “How I hacked an ultramarathon by thinking like an entrepreneur | Phil Sanderson | TEDxBeaconStreet” on YouTube
I have been pondering about something like this for a while.
Actually the reverse, Strategies in successful sports training to be applied to entrepreneurship.
I did my half ironman in 2014, and I was thinking the strategies I applied then could be used in success in business.
In terms of sports these were the strategies
1. A goal – I signed up for a race, saw the cut off times, decided to focus to finish on time. I kinda had an accountability buddy, the guy who got me to sign up. We didn’t train together much, but we did update each other on our training.
2. A plan – knowing about the target, researched what I need to do to achieve it. Reviewed what I already had, and looked at what I need to improve, swimming and running was okay, I needed to increase my cycling speed and distance, and get used to brick training. I.e. Running after cycling.
Created a training schedule I needed to follow.
3. Execution, monitoring and adaptation. Used an android app endomondo to monitor my performance. To see if I am on track. Seeing the improving results gave a positive feedback to continue. Some people can afford to buy the multisport watches like suunto ambit or the garmin 920xt.
4. Show up to the event. And enjoy the results and rewards of the training.
Now I have been think to apply it to business or making money.
1. Set a goal – an amount of money by when.
2. Research and plan – reflect.on what resources I already have, and find out what business I can do, when I need to do it and how.
3. Execute, monitor and adapt – Do it, track the sales, financials. Change if anything needs to.
4. Results and rewards. Enjoy the fruits of your labour.
For now I am still in phase 2, looking into what I have done, and what I can do.