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3 Lessons Martial Arts Teaches You About Starting a Company
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Leave no holes in your game
To qualify to compete in an MMA fight, you need to be “complete.” In the fighting world, that means that no matter where the fight goes, standing up or if the action goes to the ground, you’re willing and able to do whatever it takes.
When you’re starting a business, at some point you’ll be taken to the ground. Make sure you have an answer when the battle plan -- or even the business landscape -- shifts.
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Get used to discomfort
A business, like a fight, will push you beyond your comfort zone. You will eventually venture into unfamiliar territory.
Understand that it’s possible nothing will go your way, and you’ll have to take a vicious beating. But prepare for a fight and swing to win anyway.
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Set up your squad
Although MMA fighters are in a cage by themselves, a team of highly specialized professionals -- from massage therapists to sparring partners -- is essential for them to succeed in the ring.
In business, you need a team similar to an MMA outfit -- one comprised of people who can see things you can’t and make you strong where you are weak.
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Goals should get measured
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Own your goals
Once you’ve written down a company or a team goal, two questions arise. Who is responsible for the goal (accountability), and how do you review the results (performance review)?
These goals are designed to try new things, experiment and break old habits. It’s reaching for the moon and landing among the stars.
Tracking goals with meetings
Track your progress towards said goal week by week. This is called continuous performance review.
Weekly status meetings are used in most companies. But you have to be careful with them as they can become pointless very easily if you haven’t set clear goals first.