Money Smart Athlete Blog

Athletes: Personal growth and business success

Jun 14, 2023 | Personal Development

By Marianna Kazazi, The Sports Financial Literacy Academy

We have seen that athletes who tend to focus on their personal growth, often meet great business success, by demonstrating a wide range of traits and qualities, many of which they have developed through sports, including great determination, adaptability, and resilience. Athletes have shown time and time again that their athletic achievements can transcend the boundaries of their respective sports.

Athletes who succeed in business, usually understand the importance of keeping up with trends, while acknowledging that there is always room for development and improvement. This is mainly due to their commitment to their sport’s constant and regular practice. Continuous learning and adaptability are key to achieving and maintaining exceptional business outcomes.

Moreover, personal growth can lead to improved self-awareness, allowing athletes to gain a deeper understanding of their strengths, areas in need of improvement, values and aspirations. This contributes to making informed, sound decisions and to the identification of suitable business opportunities, always in line with the athlete’s core principles and passions.

An athlete’s personal growth journey, equips them with the resilience and perseverance they need to navigate business challenges and setbacks. Their athletic experience of triumphing over obstacles provides them with readiness to bounce back from potential failures and persist in the pursuit of their business goals.

Furthermore, personal growth fosters emotional intelligence and contributes greatly to the athlete’s ability to understand and regulate their emotions, while empathizing with others. Emotional Intelligence has proven to be extremely important for improving business performance, since it helps build relationships. Athletes can use this ability to manage conflict, effectively communicate, and boost the morale of their co-workers and/or employees.

To conclude, athletes are able to implement the transferable skills they have acquired through their involvement in sports, to the dynamic landscape of business. Among these valuable skills, is teamwork, leadership, discipline, and goal-setting. Athletes develop and cultivate these abilities throughout their sporting careers, establishing a solid foundation that seamlessly transfers to the business world. These skills along with a growth mindset, lay the groundwork for business success.

The Money Smart Athlete® Blog is established and run by the Sports Financial Literacy Academy® (SFLA).  Through its education programs, the SFLA has the vision to financially educate and empower athletes of all ages to become better people, not just better athletes.  For more information on our courses, our SFLA Approved Trainer Program®, and how they can benefit you and your clients, please get in touch with us at [email protected].