Every four years, the world watches at each country’s greatest athletes compete in gymnastics, swimming and other summer sports. In this week’s Trending on Thursday, we take a look at what lessons small business owners can take from the Olympics as a whole, as well as how we can all try to emulate our country’s superstar competitors. We also take a look at a major media mogul’s departure from her news organization, provide the latest technology statistics and tips, and examine how we can stop our bad habits.

Check out this week’s #smallbiz roundup below and tweet us at @MarlinBusiness with how you emulate your favorite Olympians.

  1. trendingaug181In the past two weeks, we have been treated to watching the great athletes in the world, many of them American, compete against each other for gold, silver and bronze medals. Rhonda Abrams at USA Today took home a valuable lesson from this year’s Olympics: there are many winners in real and in real business – especially small business – even if you’re not No. 1. Small companies typically survive, even thrive, without being No. 1. Even if you’re the 25th most successful real estate agent in your community, the 16th biggest marketing firm, or the 42nd biggest hair salon in a big city, you’re still achieving a lot.

  1. Sometimes, you just have to call it quits. But whether you’re presented with a better business opportunity or just need a break from what you’re doing, it can still be difficult to leave a business you’re strongly attached to or, worse, founded. In light of Ariana Huffington’s departure last week from her namesake publication, small business owners and entrepreneurs should read Simon Cohen’s article on Entrepreneur featuring tips for a happy exit from any company.
  1. trendingaug182According to an article by Chad Brooks on Business News Daily, small business owners use social media and cloud storage more than any other technology tool. Specifically, 44 percent of those surveyed use Facebook for business purposes, 36 percent use LinkedIn, 34 percent use Google Drive and 23 percent use Dropbox. The research found that the least commonly used tools are those involving customer relationship management and social media management. Just 10 percent of those surveyed use social media management apps, with only 19 percent using a CRM tool.
  1. We’re all prone to have some bad habits in our personal lives, and regardless of how much our family and friends may cringe at them, we shouldn’t allow them to have an impact on us at the office. However, some new small business owners may find their bad habits have seeped into their workplace. When this happens it’s not friends and family that are affected, it’s our employees and clients that are subject to them. Business 2 Community’s David Kiger took a look at some of the most common bad habits small business owners may find themselves struggling with and provides some advice on how to overcome them.
  1. When you’re competing against the best athletes in the world, everyone’s in great shape. They’ve spent years crafting the perfect physique to perform at the top of their game. But physical prowess will only get you so far. Many Olympians will tell you that success is also a product of their mindset and of their ability to not get intimidated by their opponents and crumble under pressure. Shana Lebowitz at Inc. combed through recent interviews with members of Team USA and highlighted the psychological tactics they find most effective. The best part? Anyone can use modified versions of these tricks, whether they’re trying to stay calm during a tough meeting or pumping themselves up before giving a presentation.

Men's and Women's Olympic Swimming. National Aquatics Center