4 Business Lessons we can Learn from Michael Jordan

Michael Jordan is regarded as one of the world’s greatest basketball players. Read on to learn what he can teach us about succeeding in business.

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Ramzi Chamat / 8 Ways Media
2015-10-16 08:13:00

Michael Jordan is a former professional basketball player from New York. Regarded as one of the best basketball players in the world, he’s amassed a total of two Olympic gold medals, six NBA championships, five MVP awards and 11 All-Star nominations. On top of that, he tried his hand at professional baseball aged 31, before transitioning back to professional basketball.

Over the years, Michael Jordan has become increasingly accomplished as a professional sport star. He is worth around $1 billion (thanks to countless partnerships with international brands including Nike and Gatorade), not only because of his skills as a sportsman, but due to his entrepreneurial spirit and innovative business skills.

Read on to learn more about what this superior athlete can teach us about succeeding in business:  

Don’t be afraid of failure

“I’ve lost almost 300 games. 26 times, I’ve been trusted to take the gam winning shot and missed. I’ve failed over and over again in my life. And that is why I succeed.”

Michael Jordan has missed more than 9000 shots in his career as a basketball player. He’s failed many times along the way, but each and every time he has picked himself back up and tried again. As a business, you are going to fail at least once. Without the persistence, courage and drive to succeed, how can you expect your business to get off the ground?

Desire to be the greatest

“Some people want it to happen, some wish it would happen, others make it happen.”

Good luck and good fortune rarely fall into someone’s hands. Though at first glance it might seem as if Michael Jordan is a lucky man with an incredible career, this is far from the truth. He has worked relentlessly hard to get to where he is today, and although he possesses a unique, inspiring talent, this talent has been combined with sheer determination to succeed.

Have high expectations of yourself and of your business. When you expect a certain standard of your business, you will find yourself naturally falling into it. Your business will exude greatness in every area, from the quality of your products or services to the level of customer care your team of staff offer.

Be loyal and responsible  

“The game is my wife. It demands loyalty and responsibility, and it gives me back fulfilment and peace.”

To run a successful business you need to be loyal and responsible. If you are loyal to your customers and faithfully commit to each area of your business with a responsible attitude, you are well on your way to succeeding. By putting 100% into everything you do for your business, you will be far more likely to achieve success. 

Work Hard

“I’ve always believed that if you put in the work, the results will come.”

Success doesn’t come by taking the easy root. You need to work hard to achieve the results you want out of your business – and failures will arise along the way. Jordan has worked relentlessly hard to create a valuable brand that is known and loved the world over. He has accepted failure along the way but has never given up on his goals. By persisting with your business endeavours and never giving up, you will definitely attain the success that you have always wanted. 

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