10 Things that Entrepreneurs Can Learn from Kiteboarding

12
10 Things that Entrepreneurs Can Learn from Kiteboarding Nathan Manning Twitter: @nathanmanning LinkedIn: bit.ly/nathanmanning

description

This year, I spent two months kiteboarding in Brazil. In addition to helping me to improve my skills on the water, the experience taught me several important business lessons. Check out all of my videos at http://www.slideshare.net/AtNathanManning

Transcript of 10 Things that Entrepreneurs Can Learn from Kiteboarding

Page 1: 10 Things that Entrepreneurs Can Learn from Kiteboarding

10 Things that Entrepreneurs

Can Learn from Kiteboarding

Nathan Manning Twitter: @nathanmanning

LinkedIn: bit.ly/nathanmanning

Page 2: 10 Things that Entrepreneurs Can Learn from Kiteboarding

A lack of preparation will get you hurt

• Success in kiteboarding and in

business requires a respect for the

fundementals

• Take the time upfront to define your

strategy, plan for emergencies, and

check your equipment

• This is the only way that you can

enjoy the ride safely

Page 3: 10 Things that Entrepreneurs Can Learn from Kiteboarding

But, don’t wait for perfect information to get started • Don’t wait for «Perfect conditions»

• Once you learn the fundamentals

and do your safety checks, get in the

water and start learning

• Success in both fields comes from

trying new things, getting feedback,

and applying learning to improving

Page 4: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Experience is more important than equipment • You don’t need the latest or most

expensive equipment to get started

• Do whatever it takes to get in the

water as soon as you can and let

your equipment grow with you

Page 5: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Don’t blame the wind, adjust to it • In business and in kiteboarding it is

easy to blame outside

cirsumstances for our failures

• Most of the time, poor planning is

to blame

• Learn to read the winds of your

market and you will find yourself

harnessing them rather than

fighting them

Page 6: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Overreactions cause crashes • Beginning kiteboarders often react

to a loss of control by pulling back

on the bar sharply, which only

makes the situation worse

• Learn to relax and observe when

unforseen circumstances threaten

your business

• A quiet dip in the water won’t ruin

your business... but overreacting at

the wrong time might

Page 7: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Harness the wind; don’t be blindly pulled by it • Immediate feedback and response

is key to controling your kite or your

business

• You can’t plan every movement in

advance, but, you can ensure that

you have systems in place to give

you ongoing information

• Follow your strategy, but, stay

flexible

Page 8: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Always have a backup plan (or 3) • Kiteboarders have a multi-stage

emergency response plan

• Make sure that you proactively

identify the biggest risks to your

business and determine how you

will respond if they occur

• Sort your risks into categories of

severity and have a response for

each

Page 9: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Make lots of small mistakes to avoid the big ones • Mistakes are critically important to

learning any new skill... including

entrepreneurship and kiteboarding

• But, that doesn’t mean that all

mistakes are created equal

• Know your limits and take a step-by-

step approach to your business

• Measure everything and build a

learning culture

Page 10: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Don’t go it alone

• Even the most advanced

kiteboarders are wise to ask a friend

to launch and land their kite

• Build a team of trusted partners and

advisors who can help you to

succeed

• Learn to delegate so that you can

focus on charting your company’s

course

Page 11: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Remember why you are doing this

• The road to mastery, in kiteboarding

and in business, is a long one

• Look for sources of inspiration

(friends and mentors) that keep you

motivated

• In business and in kiteboarding, if

you focus on your love of the sport,

the rest will take care of itself

Page 12: 10 Things that Entrepreneurs Can Learn from Kiteboarding

Nathan Manning Twitter: @nathanmanning

LinkedIn: bit.ly/nathanmanning