Throughout his career spanning many decades, Arthur “Art” J. Samberg was the founder and chief executive officer of Pequot Capital Management, Inc. In addition, he established Hawkes Financial, LLC, focusing on healthcare and alternative energy startups investments. Besides his business accomplishments, Art Samberg also conquered Africa’s highest mountain, Mount Kilimanjaro, in 2000.
Mountaineering or the sport of climbing mountains might seem unrelated to business, but in fact, the two share several similarities and can help each other. Following are three mountaineering lessons that can boost your business prowess.
Preparation Outweighs Planning: Most plans fail the moment they are put into practice. The true value of planning lies in preparation. A big mountain trip necessitates breaking down the climb into smaller viable steps. In this way, you turn the set goal from intimidating to achievable. Also, you must consider the strengths and weaknesses of your group and utilize them effectively.
Team Up with People Better Than You: The essence of teamwork is the ability to work together to achieve a common goal, to direct an individual’s talent towards organizational success. Just like climbing a mountain, business is teamwork. In both cases, you need to surround yourself with capable, positive, energetic people that you like and can turn to for help.
Be Aware is the Risk: In the mountains, the danger is your constant companion. Thus, effective risk management is an essential part of any trip. You must know and constantly check your environment. The same applies to business, in which failing to identify a threat could seriously endanger your company. Before taking any risk, ensure you have your emergency kit at hand and a solid support system to help you out if the risk does not pay off.
Mountaineering or the sport of climbing mountains might seem unrelated to business, but in fact, the two share several similarities and can help each other. Following are three mountaineering lessons that can boost your business prowess.
Preparation Outweighs Planning: Most plans fail the moment they are put into practice. The true value of planning lies in preparation. A big mountain trip necessitates breaking down the climb into smaller viable steps. In this way, you turn the set goal from intimidating to achievable. Also, you must consider the strengths and weaknesses of your group and utilize them effectively.
Team Up with People Better Than You: The essence of teamwork is the ability to work together to achieve a common goal, to direct an individual’s talent towards organizational success. Just like climbing a mountain, business is teamwork. In both cases, you need to surround yourself with capable, positive, energetic people that you like and can turn to for help.
Be Aware is the Risk: In the mountains, the danger is your constant companion. Thus, effective risk management is an essential part of any trip. You must know and constantly check your environment. The same applies to business, in which failing to identify a threat could seriously endanger your company. Before taking any risk, ensure you have your emergency kit at hand and a solid support system to help you out if the risk does not pay off.
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