Chartered Accountants & Business Advisors


Bounce: The Myth of Talent and the Power of Practice

Date: Fri, 24th Oct 2014
Posted by: Thomas | Tagged: thomas' blog, business plans, business performance, mentoring service, financial advisor, management accounts, strategic planning

Guaranteeing your business success

Bounce is a book published in 2011 that, in a nutshell, about what makes the most successful sports stars so successful.

Matthew Syed has competed at the Olympic Games twice, and won the Men's Single Championship at the Commonwealth Games three times at Table Tennis. In Bounce, he sets a scene during his childhood, where a small group of children his age all managed to climb to an elite level, and they all came from the same area.

Syed doesn't attribute this down to mere chance that a group of the most talented table tennis players in the country were all born at the same time in the same area, he puts it down to practice. They formed a club, practiced hard together to try and beat each other, and pushed each other to perform better and better.

Talent is not merely received - it is earnt

It is a simple premise - the only way to be the best is to work hard & smart. If you do that, then you can count yourself amongst the best. Don't just take my word for it, Rene Meulensteen attributes Cristiano Ronaldo's success to him being a "supreme professional who has worked assiduously on all elements of his game", or how Warren Buffet, one of the worlds wealthiest individuals, applied a process of continuous learning to grow his business and abilities.

One of the main reasons people are in business is to earn themselves some money, and there's no shame in that. However, no business will be successful without hard work at it's core, pushing it forwards up to each new level.

So, you know you can work hard if it means guaranteed business success. What about the working smart? It's easy for Ronaldo to be the best when he's working with the best coaches, because he knows his hard work will pay off. However, you might feel held back by the fact that your hard work might just send you barking up the wrong tree.

That is where you need the help and assistance of experienced professionals who can help advise and guide you on your business journey, helping you focus on the strategies that will guarantee you business success with strategic planning sessions, and monitoring your businesses performance with regular management accounts meetings.

So, if you want your business to be a success, and help you achieve what you want from your business, then just work hard and enlist the help of people like ourselves, to put yourself on the route to prosperity.

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