Do we need an Olympic ideal for business?

Tell the truth, you must have taken a step away from your work for a few minutes at some point over the past week to cheer on Bradley Wiggins, Chris Hoy, Mo Farrah or Jessica Ennis, or perhaps just as importantly to cheer on and admire the athletes who may have missed out on medals but have achieved personal bests. But does it, can it and should it have the power to inspire us in our business lives and, if so, are we harnessing it to best effect? It has clearly had an effect on one of my colleagues at Engage Research who admitted having Bradley Wiggins firmly in mind as she cycled to work, achieving a personal best by knocking a couple of minutes off of her usual commuting time. The reality, of course, is that the Olympics are transient and, come September, will be little more than a happy summer memory. Many brands will already have found ways to tap into the current mood of hope and inspiration, to promote the Olympic ideal of being the best you can be. However, soon we will return to the reality of our economic circumstances, in which case some of the traits that set an Olympian aside could be transferrable to a business environment and could have a positive impact on the way we work. · Leave no stone unturned in your preparation – research is critical to the way brands and businesses function. As the saying goes, if you fail to prepare, you prepare to fail. Securing the customer insights your brand or business needs will be central to your chances of success. · Take a risk – the great athletes, like the most successful businesses, take calculated risks. They know the importance of seeing the main chance when it presents itself and then going for it. · Relentless self belief and enthusiasm – the top athletes will not allow themselves to be battered by negativity. If we don’t believe in our brands, nobody else will either. · A desire to stand out from the crowd – nothing will undermine your brand more than becoming ‘wallpaper’. Creating a distinctive identity with which your market can relate is crucial. · Agility – there is ample evidence of successful brands recognising early that something isn't working and then changing their strategy accordingly. · Being part of a team – you only need to watch a successful relay or rowing team to see the importance of assembling the right team and then playing to the strengths of each of the members. · Get used to disappointment – whether you’re an athlete or a brand, get used to the ups and downs and learn how to ride both to stay ahead of the competition. It’s always been very clear to us that you get out what you put in, if you simply let things happen then you'll get left behind. So be inspired and, when it comes to your own business, hopefully you won’t have to wait four more years to enjoy the fruits of your labour.