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Maria Sharapova

Appeared on:Masters of Scale
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Quotes & Clips from Maria Sharapova

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Saying no to deals creates better future opportunities

And it's also, I mean, amazing lessons because the more the more the the more chances you get to say no, the better opportunities come about. But I I don't think I realized it. I mean, I, you know, I I moved to The States as a young girl. I don't think I really acknowledged, what like, the full picture, the three sixty approach to being an athlete.

Maria Sharapova

Be in the room for your own negotiations

Within that week, you know, I took a few days off. I I flew to Portland. I resigned my Nike deal. My dad told me to get in the room. And there may be things you don't know. There are certain, you know, elements of the deal that you're not gonna be familiar with. But you know what? This is your future. This is your money, and you need to be in that room.

Maria Sharapova

Don't believe the hype after a big win

The next day, I mean, you're focused on winning the next one, which is the US Open. There's only a certain amount of time that you're really allowed to think about your success, which in some ways is sad. But while you're holding the trophy, all the other opponents are are training. You know, the world doesn't end to watch this this big moment in your life. And although you have to appreciate it and take it in, you can't believe the hype.

Maria Sharapova

Running SugarPova was an MBA on the job

I had SugarPuva for over ten years while I was playing, and got it profitable after several years. It was an MBA on the job, ultimately. I mean, I going into it, I didn't know what a p and l was. I didn't know, you know, what a a strategic marketing plan was. Do you sell at a savings store, or do you sell premium? Are you scaling a product that costs $5? How are you doing it by maintaining its quality, that was incredibly valuable and something that I now get to think about as I as I invest in companies.

Maria Sharapova

Composure is everything in business meetings

The composure that you show on a call, in a meeting, the way that I I think of business is, like, composure is everything. People people see how you feel, how you, you know, how you react, use your words wisely. You know, no matter who you meet in life, there there may be a time, most likely, they will come back in your life. Happens in sport all the time. It happens in business even more frequently.

Maria Sharapova

You don't need your best to win every match

I just wanna be better than the person that's in front of me. Right? I don't need my best. Enough to get through. You don't have to be at your best for that match. You don't have to be. And that's hard that's hard to accept. Because we always want the best from us. And in some ways, you don't wanna be because you don't wanna expend resources on something that doesn't shouldn't require those resources.

Maria Sharapova

Sharapova and Serena now share business deal flow

And, like, with Serena, do she's a she's a business person also. Do you do you have a rivalry with her in business like you do in tennis? I mean, I know, you you know, your relationship has softened and she surprised you with the tennis hall of fame induction last summer. But, like, do you push each other on business impact too? No. We we actually there's there's a lot of deal flow amongst us now, which is a lot of fun. Because we get to see, we get to see a lot of the same or similar, business opportunities, and we occasionally run it by one another.

Maria Sharapova

Nothing in business replicates match point pressure

I'd I'd say that that match point feeling is it's hard to replicate, very hard to replicate. Because it's in the moment in front of thousands of people. There's just there's nothing quite like it, which is the beauty of sports, right, of seeing seeing the sweat and the tears, the emotions, the the the pressures. That's why it's so special. There's nothing that could replicate it.

Maria Sharapova

Face-to-face presence at Nike negotiations ensures better financial outcomes

Within that week, you know, I took a few days off. I I flew to Portland. I resigned my Nike deal. My dad told me to get in the room. And there may be things you don't know. There are certain, you know, elements of the deal that you're not gonna be familiar with. But you know what? This is your future. This is your money, and you need to be in that room. So he gave me you know, I was I was a teenager. I'm 17 years old. What do I know about money? But for him to say, just be there, you know, and someone in the room, the the c suite individuals that will be, you know, talking this big game, they're gonna see your face and it's gonna be a little tougher, you know, to bring the deal lower to you.

Maria Sharapova

Selective refusals create higher quality business opportunities over time

And the more you win, the more opportunities you have to say yes. And it's also, I mean, amazing lessons because the more the more the the more chances you get to say no, the better opportunities come about. But I I don't think I realized it. I mean, I, you know, I I moved to The States as a young girl. I don't think I really acknowledged, what like, the full picture, the three sixty approach to being an athlete. I was so I had my head down. I mean, I had horse blinders on for a majority of my career, where all that mattered is the ball and and and the result. I was from the moment I woke up. But I also as I started making a little money and recognized that, okay, now I'm now I'm supported.

Maria Sharapova

Public company boardrooms require intense focus and disciplined communication

Well, it's a different type of intensity. I mean, every meeting is like a UN meeting. They're done in Italian because it's an Italian, public trading company. So every time you speak, I mean, there's a similar microphone like this. You press a button, it's your time to speak. There's a little bit of a delay. And the one thing I've I've really like, that you really miss is the sense of, like, a match point, like, in sport, you know, where there's there's this tension. When you finish something that you've held this tension in, there's nothing really like it. There's nothing that really, like, gets your juices flowing.

Maria Sharapova

Peak performance should be strategically timed for major milestones

The idea of change was always part of of my life and and my career, and always thinking about where I wanna peak. Like, I I wanna peak at the majors. I wanna peak toward the end of the second week of the major. I don't wanna play my best tennis on a Monday of the first week, and that's not required. I just wanna be better than the person that's in front of me. Right? I don't need my best. Enough to get through. You don't have to be at your best for that match. You don't have to be. And that's hard that's hard to accept. Mhmm. You know? Because we always want the best from us. And in some ways, you don't wanna be because you don't wanna expend resources on something that doesn't shouldn't require those resources.

Maria Sharapova

Mental composure is maintained through small physical reset routines

It's all up here, right, in our mind of how of how we approach it, of how, you know, the mentality that you have when things are not going well. Are you deflated? Are you, you know, like that, the composure that you show on a call, in a meeting, the way that I I think of business is, like, composure is everything. People people see how you feel, how you, you know, how you react, use your words wisely. You know, no matter who you meet in life, there there may be a time, most likely, they will come back in your life. Happens in sport all the time. It happens in business even more frequently. So all those little lessons, I I now get to apply.

Maria Sharapova

Collaborative deal flow can replace legendary professional rivalries

And who you're playing against doesn't necessarily matter. I mean, you kind of had a a legendary rivalry with with Serena. Well, of course it matters. You know, that that made that made you better, you felt like, at forced to up your game. Right? Yeah. When I was young, I my father made sure that I would always play up in my age group because he didn't think there were so many there was as many valuable lessons when you're beating everyone to when, you know, people are showcasing your weaknesses. Right? And, like, with Serena, do she's a she's a business person also. Do you do you have a rivalry with her in business like you do in tennis? No. We we actually there's there's a lot of deal flow amongst us now, which is a lot of fun. Because we get to see, we get to see a lot of the same or similar, business opportunities, and we occasionally run it by one another.

Bob Safian & Maria Sharapova

Managing a brand serves as a practical MBA on the job

I had SugarPuva for over ten years while I was playing, and got it profitable after several years. It was an MBA on the job, ultimately. I mean, I going into it, I didn't know what a p and l was. I didn't know, you know, what a a strategic marketing plan was. Do you sell at a savings store, or do you sell premium? Are you scaling a product that costs $5? How are you doing it by maintaining its quality, that was incredibly valuable and something that I now get to think about as I as I invest in companies.

Maria Sharapova

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