Running Rewards Small Business Owners
Entreprenurs Who Run Regularly Are More Successful
Sept. 19, 2003 -- Running regularly may help small business
owners stay on the move and ahead of their competition.
A new study shows that running may actually teach entrepreneurs
valuable lessons in what it takes to operate a successful business. Researchers
say the results show that running may be even more beneficial to businessmen
and women than other types of exercise such as weight lifting.
The study showed entrepreneurs who run on a regular basis
report more personal satisfaction, independence, and autonomy than those who
weight train only or don't run. And small businesses managed by runners report
better sales than those directed by non-runners.
"Entrepreneurs dedicated to exercise programs are very goal
oriented," researcher Mike Goldsby, an entrepreneurship professor at Ball
State University, says in a news release. "The study found that running and
weight training help entrepreneurs to be more effective in their jobs. However,
entrepreneurs who only weight train should add running to their workouts to
increase their effectiveness." Goldsby regularly competes in marathons and
Goldsby presented the results of the study last month at the
2003 National Conference of the Academy of Management, in Seattle, Wash.
Physical & Professional Well-Being Linked
For the study, researchers surveyed 336 small business owners
in the Midwest.
They found that the more the business owners said they ran, the
more rewards they reaped.
Although weight lifting was also linked to
greater achievement of internal and external rewards, companies run by weight
lifters didn't show higher sales.
"Attaining excellent physical condition requires developing
a mindset that accepts and embraces hard work," Goldsby says. "If small
business owners were willing and able to grant their physical health the same
respect as they do their financial and professional well-being, most would be
in incredible physical condition."
"Conversely, good physical condition should contribute to
entrepreneur's success in reaching their personal and financial goals as
well," adds Goldsby. "Maintaining a fitness regimen is helpful for
attaining goals and sustaining entrepreneurship."