Lebron James Business Lessons: What we can learn from the King

in Entrepreneurship Health & Fashion by Francis Simisim — June 25, 2012 at 4:32 AM |

I’d like to first congratulate the Miami Heat for winning the 2012 NBA Finals, it’s been a rough season for them and I’m happy that they finally achieved what they desired. What I’d like to focus on is Lebron James, his story has been one of the biggest talks in basketball and he has taught me a lot of business lessons which can make me a better business person…

 

Here are the Lebron James Business Lessons:

You can’t do it all

When Lebron James was in Cleveland Cavaliers, he had to do it all, there was not many players who can support him. But one man cannot win championships, it takes a team to get it done. Realizing that he can’t do it all and moving on to the Miami Heat that he believes would compliment him and compensate his weaknesses truly made them a formidable team. In business, once you realize to grow the company to achieve higher goals, it’s vital to trust and delegate tasks that can free up some of your time and rededicate it to a higher purpose. Delegation is one key element in scaling a business to be bigger and better.

 

Find Like-minded People

What made Lebron James switch to Miami was Dwayne Wade and Chris Bosh, any one of them could’ve moved to another team with a higher salary but why did they stuck together? Each of them wanted to be NBA champs, they were all determined to reach their goal as opposed to other things. In business, you have to find like-minded people to realize the same dreams that you have. This will help in many aspects on business, such as motivation, trust, and many other factors than if you find people who didn’t have the same thinking. The only way you will reach a goal is if you believe you can do it.

 

It’s not you it’s me – When it doesn’t work out, move to another job or field or business

The most common breakup line that people use right? This is what Lebron James felt when he left the Cleveland Cavaliers for Miami Heat. Often times we get stuck in our own mind that we can make it work that we don’t see the bigger picture. You have to look beyond, see if your organization has what it takes to get the job done, and if not maybe it’s time you consider moving job, fields or business. Lebron James took a big step leaving the Cavaliers, he became almost the biggest NBA villain there is overnight, but, in the end, he did get what he worked hard for, being the MVP and winning the NBA championship. You need to do a lot of soul searching and understanding yourself to know your own strengths and weaknesses and find something that would best use your skills to your potential.

 

Never Give Up

When Miami Heat was playing the Boston Celtics, they were down in the series 3-2 to Boston. But Miami never gave up, they fought their way to a 4-3 win on the series to advance to the finals. Also during game 4 of the finals, Lebron was suffering from cramps and he still played thru the pain and shot the crucial 3 point shot that put the game out of reach from Oklahoma. In business, when things don’t look all sunshine and rainbows, if you believe it’ll work, never ever give up. You never know that the solution to your problem could be just around the corner. Persevere and receive your reward in the end.

 

Play with Love not with Hate

This is, for me, the most meaningful words he said after winning the championships. The first season with Miami, Lebron played with hate. That got them to the championships but was no much for the Mavericks in the series. This year things have changed for Lebron, they started playing well and executing well, and he said that he played the game with love and that was the difference than last year (and they did win the Championships). In business, if we do business or a job with hate, it can get us only that far but never truly achieving our intended goals. As they say, when you love what you do it’s like never having to work the rest of your life right? It applies to this as well, love what you do and you’d see much better results.

Stay true to the Game and your Goals

Lebron James, Dwayne Wade, Chris Bosh played for a common goal which is to win championships. They all could’ve gone to several different teams and have higher salaries, but they all settled with salaries lower than their other offers but with a big chance to be champions. They could’ve been detracted from their goals with higher salaries, more endorsements, fans and many other distractions but they never did. Likewise, in business, you have to stick to your missions, visions and goals. Understand why you were in this business in the first place, avoid distractions and decide smartly and you’d achieve your goal like they did.

Any other Lebron James Business Lessons you can add?

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