Chess is the perfect game for businesspersons to gain inspiration and insight from. It is a unique, psychological game that challenges one’s intellectual capability and strategic skills.
Be it in terms of analysing sequences, negotiating like a boss, or making strategic decisions, chess can help polish your business skills.
Here’s what you can learn about running a successful business from playing chess:
Never underestimate your opponent
In chess, you can never have the upper hand or determine the outcome of a game until it’s checkmate. Your opponents can always see through your strategy and counter your moves at any point of the game. Similarly, in real life, it’s always wise to plan ahead and avoid underestimating your opponents.
Know your strengths & weaknesses
While playing chess, you are forced to pay attention to the strengths and weaknesses of each and every piece on the board. This gives you tremendous insight into the thought process behind each move and how it influences the game.
You learn to analyse the opportunities and threats that are being created not just by you, but also by your opponents. These skills will help you tremendously in improving your business tactics.
Look at the big picture & learn to adapt
Chess entails a high amount of strategy at every step. This is essential and helpful for businesspersons in every industry. In both business and chess, it is impossible to predict how things are going to unfold.
Making a move without careful planning can land you in a soup and have dire consequences. So, it’s good to think twice before you set your plans into action.
Perfecting resource management
In a game of chess, everyone starts off with limited resources. It is up to each player to decide how to leverage those resources to achieve their goal.
Similarly, to be a successful businessperson, it is important to make the most of your resources like time, money, and abilities of your team to maximise the output of your business.
The importance of learning from the Masters
In life and in chess, the best way to learn is by observing someone who is already good and well established at what you want to do. Doing so will help you avoid making mistakes others have already made and learn to implement a better strategy to deal with problems and setbacks.
Not only will this save you the cost of making mistakes that could easily be avoided, it will also help you prepare for unexpected situations.
You can enjoy a virtual game of chess right now at chess.com, the website hosts more than 10 million chess games everyday. You can also download the app here and play it on your phone at any time. It’s a fun way to get started on the board game and improve your strategies.