Last week I finished directing a production of Fame Jr with my son Ryan at our local community theater group. As I reflect back on the experience, I realize that both entrepreneurship and theater have a lot in common when it comes to the life skills they teach. Here are 5 life skills, that I came up with, that both entrepreneurship and theater teach.
- Passion and Natural Talents: Entrepreneurship is all about finding what you love to do and using it to solve problems and make a difference. Musical Theater kids have a passion for acting, dancing, singing or all 3 and they are using their natural talent to make a difference in people’s lives by taking their minds off of the everyday issues even if it is only for an hour or two.
- Time Management: Running a business takes an enormous amount of time and it requires good time management skills to make sure homework & chores are done, other commitments are completed and that there is still time to work on a business. Ditto for theater; it is a huge time commitment and it requires time management to get it all done.
- Commitment: Being an entrepreneur requires commitment to working on your business idea even when it gets tough. A commitment to your solution or cause will help you make it through but in order for it to work in the long run; you must be committed to it. Again theater is a commitment, it takes a lot of hours to put on a quality production. There is always waiting at rehearsal for your scene; you must be committed to the role you accept.
- Communication: Entrepreneurs must be able to communicate clearly what their product or service is and what the benefits are in order to sell to their customer. You must also be able to communicate with partners and mentors so they can help you grow your business. Whether you are on stage in the cast or off stage in the production staff, you must be able to communicate with the audience to get your message across and with each other to create a successful performance.
- Teamwork: Entrepreneurs cannot do it alone; they need to use their strengths in the most effective ways in order to grow their business without being overwhelmed by everything that has to be done. You need to find a team that can fill in where you aren’t strong to help you accomplish what needs to be done. A good theater performance is the ultimate team-based business model. It requires each person to know their role, focus on it and complete it when it needs to be done. There is a high level of trust that develops in a theater group and it becomes almost like a second family.
I am sure there are more life skills that both entrepreneurship and theater teach and so I would love to hear from you in the comments (or you can email me at email@example.com): Which life skills do you feel are taught in entrepreneurship and theater or another activity that you are involved with?