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In this episode of Grow a Small Business, host Michael Denehey interviews Jacqui Louder a Psychologist at Performe Sports Medicine. Discusses the parallels between sports and business, focusing on resilience, managing ego, and embracing failure as keys to success. She offers insights on building a winning team culture and practical tips for avoiding burnout, emphasising the importance of self-awareness and continual growth for small business owners.
Key Takeaways for Small Business Owners:
Resilience Through Setbacks: Success in both sports and business often comes from learning through setbacks and embracing failure as a growth opportunity.
Managing Ego: Regularly challenge ego in business to avoid stagnation and encourage continuous improvement.
Importance of Small Wins: Just like in sports, recognizing and rewarding small achievements in business contributes to long-term success.
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Preventing Burnout: Self-awareness, good time management, proper sleep, and nutrition are crucial to avoiding burnout and maintaining peak performance.
Creating a Positive Team Culture: Build a strong team culture by highlighting strengths before discussing areas for improvement, fostering a growth mindset, and treating everyone fairly.
Sustained Success: Focus on process-oriented goals rather than just outcomes to ensure consistent progress and long-term success.
One action small business owners can take:
One action small business owners can take, according to Jacqui Louder, is to regularly acknowledge and celebrate small achievements within their teams. This practice not only boosts morale but also builds momentum toward achieving larger business goals.
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Quotable quotes from our special Grow A Small Business podcast guest:
Success in business, like in sports, comes from embracing failure and learning from it – Jacqui Louder
A strong team culture is built by valuing character over personality – Jacqui Louder
Mindfulness is keeping your head and heart in the same place, fully present in the moment – Jacqui Louder