Business Lessons From The Hunger Games

 

The HUnger Game Trilogy Poster
Courtesy of thehungergames.co.uk

If you’ve read The Hunger Games* you know that it’s a story about a young girl, Katniss Everdeen and her fellow competitor, Peeta Mellark. They’re forced to participate in a brutal competition with 22 other young citizens from different districts in their country, in which the winner is the last person alive.

One could draw the comparison between The Hunger Games and the dog-eat-dog world of small business, but there are other (less violent) lessons to be learned as well.
Spoiler alert: If you haven’t read the book there are a few plot details revealed here. But nothing that will spoil it for you overall. Read the book. Or go see the movie. Really – it’s well worth your time. In the meantime, here are 4 business lessons that we learned from the book and upcoming movie.

Know your odds and develop a strategy to beat them

In The Hunger Games, Effie Trinket, the escort for the combatants, tells them, “May the odds be ever in your favor!” This is particularly ironic since the odds aren’t ever in their favor: only one person in twenty-four will finish the games alive.

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Happy Presidents Day – Business Lessons Learned From Past Presidents

 

Surprisingly few U.S. presidents owned small businesses prior to their political careers. It’s not hard to figure out why: most small business owners are too exhausted trying to keep their business afloat to get involved in politics, or they’re still waiting to sell enough “widgets” to fund a multi-million dollar campaign. The majority of our past leaders were trust-fund babies, lawyers or military men (or some combination of the three). However, we can learn some valuable lessons from three past presidents who started small businesses before becoming Commander-in-Chiefs.

Abraham Lincoln

Two important lessons come from Abraham Lincoln’s small business experience. First, location matters. Second, booze won’t save you when your location stinks.

When you look for that first retail space, it might be tempting to go with a super-cheap, sort of dingy shop in a neglected strip mall. You figure you can always upgrade location later, once you’re making better money, right? The problem with this strategy is that you might not ever have the opportunity to make decent money if you’re in a bad location.

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3 Essential Valentine’s Day Lessons for Your Business

 

Valentine’s Day is a tricky holiday. You can either make your loved one very, very happy or make her very, very angry. It’s a holiday that can make or break a relationship that is still in its budding stages, or cause husbands to spend countless nights on the couch. But, if done correctly, a Valentine’s Day celebration can strengthen your relationship and let her know just how much you love her (and can’t live without her), which makes your daily life better in every way.

For business owners, there are some lessons to be learned from this holiday. You really can’t live without your customers–the last thing you want is for them to break up with you. Think about the following truisms about Valentine’s Day, and apply them year-round to your business.

Remember to Acknowledge the Important People in Your Life

There are husbands out there (and probably wives, too) who completely forget Valentine’s Day. This is disastrous. When she first wakes up, a wife hopes for an acknowledgement of the holiday. When that doesn’t come, she thinks perhaps he will surprise her. Then she sits at work and notices the flower delivery guy dropping off roses at her colleagues’ desks all day, but not at hers. She gets home, hoping to open the door to a trail of rose petals, or a dressed-up husband with a dinner reservation. Instead, she opens the door to find that the kids are starving and her husband is watching sports on TV. Still, she hopes that perhaps he’ll whip out a small velvet box from the jewelry store, or at least a box of crappy grocery store chocolates. When he kisses her forehead and goes to bed at 10:00, she finally understands. He forgot. In her mind, it follows that he must not care at all about her and doesn’t love her at all. Of course, this is not true in most cases–the guy just forgot. But you’d better believe that he’ll be paying for this error for the next year.

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