How a Sporting Mindset Can Boost Business Performance

Sports stars who have transitioned to small business ownership have revealed how their sporting mentality has given them an edge in the business world. Former Aston Villa striker Dion Dublin, rugby star George North, and weightlifting champion Sheli McCoy credit the "marginal gains mindset" for their business success. This sports psychology term refers to incremental improvements that build up to significantly boost performance.

Implementing Small Hacks for Continuous Improvement

Dublin, who owns a property auction business, believes that implementing small hacks, such as focusing on teamwork and employee motivation, has led to continuous improvement and the flourishing of his business. North, who runs a motorcycle cafe, attributes his success to adapting to modern technology and effectively dealing with pressure. McCoy, the owner of a weightlifting gym, focuses on consistent goal setting across personal development and business growth to keep her business moving in the right direction.

Sharing Tips with Other Small Business Owners

These sports stars have teamed up with Smart Energy GB to create a digital guide for small business owners. The guide aims to show how making small changes can add up and help businesses feel more in control. The initiative follows research of 640 small business owners, which found that 90% were interested in the concept of marginal gains thinking. Additionally, 84% of those who already applied this approach reported seeing tangible benefits.

Similarities Between Sport and Business

Small business owners also found other similarities between sport and business, such as the importance of teamwork, leadership and management skills, overcoming setbacks, and having clear end-goals. However, 69% of small business owners expressed a desire to make changes to the way they run their businesses but are unsure where to start.

Smart Meter Installation for Energy Savings

According to the research, small business owners are concerned about energy costs, with 58% reporting increased concern compared to last year. However, only 67% of small business owners are aware that they are eligible for a smart meter at their business premises. Smart meters can help small business owners identify areas where cost savings can be made, leading to accurate billing and no more estimated bills.

Tips from Sports Stars Turned Small Business Owners

The article concludes with tips from the sports stars turned small business owners. Dion Dublin advises small business owners to use their resources wisely, while George North encourages them to not be afraid to do things differently. Sheli McCoy emphasizes the importance of quarterly goal setting to stay focused and make progress. Overall, small business owners believe that marginal gains can help in areas such as budgeting, employee productivity, employee wellbeing, logistics, product development, and time management.