is mountain climbing like a business?

Is Mountain Climbing like a Business?

• Nicholas Tart:– How Entrepreneurship is Like Climbing Mountains

Is Mountain Climbing like a Business?Thank you! - Our main sources

• Websites– http://www.youtube.com/watch?v=dDRf7sRRLOk– http://www.inc.com/articles/2003/09/leadership.html– http://www.mcqw.com/resources/articles/is-mountain-

climbing-like-a-business/

• Julie Fleming:– Mountain Climbing Is A Great Business Analogy

• People climb mountains to conquer them and we are aware that it is not an easy task since it requires a lot of preparation, investments and specific skills.

• Many business people have long been used mountains as a metaphor for their strategies to reach their company goals.

Is Mountain Climbing like a Business?Introduction

• When climbing any mountain we need to visualize its peak.

• And there will be times when we will get only glimpses of its main features and challenges.

• And most of the time we need to deal with some discouraging thoughts of our mind if we want to carry on our task.

Is Mountain Climbing like a Business?Our Mountain – Having a vision

• Vision for a business is no different because we need to set up a goal or a summit that our company is willing to achieve.

• All the efforts of our team, guides and others must be focused on reaching that vision for our company.

• In business when we don’t communicate well, our team will not be able to achieve our company goals.

Is Mountain Climbing like a Business?Our Business – Having a vision

• As we know, any mountain climbing is going to take a lot of stamina and tenacity to reach the top.

• Once you decide to go for the summit you need to start training immediately and get yourself prepared for a long arduous journey.

• And it is always important to do a strengths and weaknesses self-analysis of the situation to avoid any unexpected obstacle.

Is Mountain Climbing like a Business?Our Mountain – Analysing our strength and weakness

• The same thinking relates to business.

• It is essential to evaluate all aspects of our business to avoid any surprise when facing challenges and hard times.

• A strengths and weaknesses analysis will get you ready for either climbing a mountain or running a business.

Is Mountain Climbing like a Business?Our Business – Analysing our strength and weakness

• If we want to climb a mountain we need a very detailed plan that includes timing and an endless list of equipment necessary to adapt from ninety degree weather to zero degree weather, etc.

Is Mountain Climbing like a Business?Our Mountain – Preparing a suitable plan

• In business we need to clearly lay out our plan.

• And we need it structured in a way that bench marks are established that let us know we are proceeding towards our goal.

• We call these Key Performance Indicators or Metrics.

• They help us to evaluate our performance and how far or close we are from our company goals.

Is Mountain Climbing like a Business?Our Business – Preparing a suitable plan

• Most mountain climbing requires a well oiled team that assists you in reaching the summit and this includes: guides, porters and fellow climbers.

• All these people are important towards keeping you focused on reaching the summit and they are also a good source of information on how you are actually doing and can give you feedback on a regular basis.

Is Mountain Climbing like a Business?Our Mountain – Developing a positive team approach

• The team approach in business is just as important.

• A well oiled team can help you reach your goals.

• You need to reach out and rely on your team to each do their part of moving you towards the company goal.

Is Mountain Climbing like a Business?Our Business - Developing a positive team approach

• One of the most critical elements to keep us safe and make our climb successful is an experienced guide.

• He obviously knows every nuance of the mountain including weather, trail conditions, snow conditions, etc.

• In addition he has worked with thousands of individuals trying to achieve that goal and knows the best way to help make that happen.

Is Mountain Climbing like a Business?Our Mountain – Finding an experienced guide

• We need someone who has experience to assist us in establishing realistic goals and working with us to achieve them.

• This may be a mentor we have been fortunate enough to come across, a more experienced partner in the business or a consultant we hire to fulfill this role.

Is Mountain Climbing like a Business?Our Business – Finding an experienced guide

• The final component of a successful mountain climb is simply luck.

• We can control all the things up to this point but luck will be the final determinant as to whether we are successful.

• Bad luck has a final veto vote that may keep us from our destination.

• Bad luck may include a freak weather storm that brings in eighteen inches of new snow and makes passage impossible.

Is Mountain Climbing like a Business?Our Mountain – Dealing with luck

• The same phenomenon exists in business.

• We need to do everything we can to be prepared but luck will have a hand in our final outcome.

• Bad luck may include a fire season that produces so much smoke in drives away your customers during your peak business month.

• We need to take care of all the things we can control to mitigate the effects of things we cannot control.

Is Mountain Climbing like a Business?Our Business – Dealing with luck

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