Unbelievable goal by Robin Van Persie - World Cup Brazil 2014 |
With the semi-finals just a few hours away, and the game of the tournament coming at the end of this week I thought it would be a great topic to cover entrepreneurship in the form of a World Cup tournament. Plus did I mention it is extremely fun to connect business discussions with sports, if you don't believe me just take a look at this post on how the NBA rocks out with their digital presence.
Qualifiers
This is where teams have to compete in a randomly drawn, 5-country group from their continent with the top 2 countries qualifying and advancing for the final tournament such as Brazil 2014. During this stage very few supporters (other than within the country, or immensely immersed followers) are even aware of the games and/or progress of each team.Similar process happens with entrepreneurship: when the founder(s) is establishing his or her unique idea, researching and planning out the organization virtually no one knows about it other than those involved. The planning and execution during this stage has to be spot on, because just as the group qualifications if you are not in the top two standings - your team/organization will not make it far enough to compete on the world stage. In Canada alone, only about 50% of start-ups or entrepreneurial endeavours succeed beyond the first 3 years of business operations.
Often under radar - majority of Canadian small businesses go through qualifications to survive 3+ years in business. |
This where all of the blueprints are laid out and if done right, the organization "qualifies" to move on to the next level of competition:
Group Stage
Welcome to the group stage - by now each team has already proven itself ahead of the competition. While many people may not have been watching - your country (or organization) is now established itself in some way: a great defensive team, dominating possession, etc.By now your business is starting to make some sort of noise - it has built a reputation for having unique products, extremely high quality, unimaginable technology/software, etc.
This however attract attention of others, there are four (or in entrepreneurship world often more) competing countries/organizations trying to establish a name for themselves as well. This is where the team has to be built just right and already in some type of groove or familiarity in order to ward off the competition.
While companies which are picked by experts as favourites to succeed, usually do - there is always an upset or underachievement which allows another entrepreneur to advance. Be honest, did anyone expect Spain to be knocked out in group stage? Absolutely not! Neither did you expect Costa Rica to top Uruguay, England and Italy as leaders of their group!
While experts can predict which start-up will succeed, there are always under achievements: just like Spain failing to advance from the group stage. |
Round of 16
The first level of knock-out rounds - by now your organization has established its team: you have hired the right people, found the necessary location, tools and collaboration to rise above the competition. Well - most of the competition, now is the time to go head-to-head with most immediate competitors and carve out your own brand within a tough market.Utilizing all necessary aid can help: finding right employees or freelancers, effective marketing, powerful branding, financial programs, and any other means necessary. Sometimes the competitions gets really tough - how amazing was the Brazil vs. Chile extra time, penalty showdown thriller? What pushed them over the top was that extra detail of finishing penalties - staying true and effectively closing out the game. Professional SEO services, social media marketing or any other unique assistance can be the difference between getting knocked out or advancing!
Amazing match from both teams - Brazil edged Chile by a narrow penalty shootout result. |
Quarterfinals
If an entrepreneur makes it this far, they have already done an amazing job. It is no easy task to get through qualifications/group stage and conquer the first knock-out match-up in the round of 16. By now many teams and businesses see the "tunnel at the end of the light", meaning that they are very close to the ultimate goal of being crowned champions (or establishing themselves as a strong, desirable brand in both of potential employees and customers).To experience success at this level of competition, the organization has to have enough depth: players get injured (employees leave for other jobs), suspended until the next match due to accumulation of yellow or red cards (firing of employees not fit for the culture), fatigue (sick days) or any other circumstance. Hiring the right personnel to build a strong culture is crucial - having the right people to cover for others if need be, and dedicate themselves to a full-team philosophy increases the odds of success.
Trust, teamwork and collaboration makes Germany a success. Just like many successful entrepreneurial environments. |
Semifinals
One step away from the biggest stage on football (or entrepreneurship) this is where great leaders have to come forth and utilize their skills to efficient execution. They have to take risks to separate from the competition, because at this level - the playing field is fairly equal and little separates competitors.Instead of relying on just traditional websites, the leader may opt to build a responsive website or a fully functional mobile app to engage audiences beyond just desktop devices...even if it may not be the "industry standard". This gives employees confidence, the culture is clicking on all cylinders - work process is optimized, and everyone knows exactly what their role is. Ready to step up and perform at all times.
Great leaders take chances, especially risky chances others would not even consider. Just like Van Gaal did by substituting Tim Krul for the penalty shootout against Costa Rica. |
Final Game
By now your organization has overcome all of the hardships of entrepreneurship - making it all the way to the biggest chance of its existence: a chance for ultimate success. While in FIFA football this is a World Cup trophy, for entrepreneurs it may be a number of things: investors, expansion, longevity, unmatched workplace culture, financial growth, etc.The final step is having a dedicated supporter base (loyal customers), teammates full of confidence and competence (minimal margin for major errors) and the will of a champion (dedication). Believing in yourself and your organization increases the odds of ultimate success. The uncertainty will always there - but with those efforts present, the entrepreneurial journey reaches its summit. Although not the end, each organization (and national team) finds ways to evolve, find new talents and keep improving upon its strategy with lots of ups and downs.
As for this World Cup Final in Brazil - I have picked Brazil and Argentina to meet in the final, with Brazil the host nation winning the tournament. Both have lost key players (Brazil without Neymar, Argentina without Di Maria). Let's see if the teams can come together and overcome adversity as one.
Now enjoy the rest of the world cup, keep working on and believing in your entrepreneurial dreams.
Ole, ole, OLE!!!
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