It’s been a month since the League ended and a couple of weeks since the trip to Kiev, so I can’t wait until the World Cup kicks off this afternoon.
I’m not quite as excited as I was about Euro 2016 as there’s no Welsh involvement but, to be honest, that’s been the case for every other tournament in my lifetime so I’m pretty used to being a neutral.
If you need any tips on who’s going to win, I’ve got a 500/1 bet on Morocco. My daughter, Beth, has won all three tournament sweepstakes she’s entered in her school life, and she’s got Morocco this time so I’m going to be a rich man in a few weeks!
Aside from a month of football, we’ve been asking at JDA Towers whether there are any lessons that business owners can learn from the World Cup. And there are. So, here are our top five:
- Are you a Manager or a Coach? There’s been a change in football management in the past few years – for years the Manager was an autocratic figure, but these days Managers have become coaches, working with team members to identify strengths and fix weaknesses. Pep Guardiola changed the way that Barcelona played as a team, but also coached some of the long-serving players like Carlos Puyol to change the way they played. He’s now done the same at Man City. As a business owner, you need to coach your team members to help get your business to where you want to be.
- Vision and strategy – if you’re going to coach them to get where you want to be, you need to know where that is! Football managers might have a style of play, but you’ll have a way of doing things in your business. And a goal for the business as a whole. If you don’t have these, where are you headed?
- It’s no good complaining – There will always be bad refereeing decisions, even with VAR, but you can’t change them. You just need to get on with it. It’s the same in business – you can moan about things that are outside your control (the government, the economy, your competitors, etc) but you need to take full responsibility for your business. Everyone has some doses of bad luck. It’s how you deal with it that decides whether you’re successful or not.
- It’s not over until it’s over – Perseverance is key for footballers and business owners. I was in Istanbul to see Liverpool come from 3 goals down to win the European Cup. And at Crystal Palace to see us let a 3 goal lead slip as we lost the title in 2014. It will be the same in the World Cup – you can’t give in if you want your team, or your business, to be successful.
- It’s the final result that matters – You probably remember who won the last World Cup – Germany. But do you remember their 2-2 draw with lowly Ghana in the group stages? We all make mistakes in our businesses on the way, but it’s how we react and learn from these that will lead to the end result. And it’s the end result that matters.
So, in between scouring the shelves at Tesco for a beer to represent each country, trying to fill my Panini World Cup sticker album, and actually watching the matches, I’ll also be looking out for more business lessons in the World Cup.
If you have any of your own, please let me know.
If you found this useful, please share it using the icons at the side of the page, or leave a comment below.
If you’d like a meeting or a Skype call to discuss this, please get in touch with your favourite Liverpool accountant
- You can ring us on 0151 380 8080
- You can email us at gr****@jo******************.uk