6 Reasons Horse Racing is Similar to Running a Successful Business

Well, we broke "tradition" this past Easter Sunday…… we did celebrate as a family (however, only 17 of us were together).  We did have a wonderful meal too.  The difference was that not one of us hosted the afternoon, as we met at the race track – Golden Gate Fields – to watch "the pony’s run"!  (After the races we were escorted to the barns to see some of the horses up close – the photo above is of my daughter, Mikaila, with one of them)

I was amazed how many people were there in their finery.  I was more amazed how many people were lined up at the "$500 minimum window" to place bets.  (And they say we’re in a recession – didn’t look like it that day!)  Being new to it, I stuck with the $2 – $5 bets!

As I watched the races and observed those in attendance, I noticed that having a winning horse is similar to having a successful business.  Here’s how:

• At the beginning you need to do your due diligence and research, to determine what type of business would be best for you.  One that you start and "raise" yourself, or one that has already been handled before and is for sale

• Regardless of what stage you get into your business, it is critical to align yourself with the best training and coaching available for your particular situation.  Constant progress is key, you may not win the races at the beginning, but being persistent and consistent will get you to "show"

• Positive actions and reinforcement keep the momentum going.  Staying focused, practice your skills every day to refine them, and trust those who have come before you with their lessons (no point in recreating the wheel).  Hopefully you have aligned yourself with others who have your best interests in mind

• Running your own business does cost money – there are monthly maintenance costs, advertising and marketing , training and continued education, as you grow you may be hiring staff to support your efforts

• The payoff can be big!  Big in the way of allowing yourself the freedom to live life on your terms.  When you run your own business there is not a glass ceiling on income, you can work as many hours as you’d like (of course it usually reflects in your bank account if you treat it as a hobby)

• So what if you’ve had a bad day, a bad week, or a bad month – get back on that horse and do it again!  No one said being a winner would be easy, but being persistent and consistent will get you closer to the finish line

Do you have any stories to share?

Until next time,  J.
"Take control of your destiny or someone else will"

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April 14 2009 01:16 pm | Another Welcomed Weekend, Home Business Ideas, personal development

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