With the cost of becoming a ‘tier one’ Olympic sponsor amounting to £40,000,000, many small-to-medium-sized businesses can be left feeling as though the Olympics coming to London is passing them by. To be able to generate the kind of revenues that a blue chip company spends on sponsorship alone can seem a remote possibility.
Olympic sponsors have exclusivity to use the magic five rings logo on their products and so it is easy to associate those companies with the big event. However, it is not every day that the Olympics comes to London and as the event gets closer, it’s hard not to notice everyone around you getting excited and the overwhelming, contagious energy. It’s great to have the marketing rights to put the London 2012 logo on your merchandise but there are numerous other ways to get involved and to ride the rollercoaster of London 2012!
One way to get involved with the Olympics is to support an athlete in ways such as helping them with costs associated with training, helping them to purchase better equipment or to seek professional advice to help them on their journey. You can then invite your athlete into your workplace which has motivational factors for staff. As a Company you will find yourself more engaged in the Olympics as a whole now that it seems far more tangible to you and your business. This is not to mention the fantastic benefits you can both glean from the partnership in the media: as an athlete I am frequently asked about my ‘team’ including which companies assist me.
The Olympic Games will generate a huge injection of money into the economy. Athlete and visitor accommodation and associated hospitality services, plus the new infrastructure and superstructure required all generate knock-on work and revenue for manufacturers and suppliers. In turn these firms require new support services such as software to operate efficiently and effectively.
The Olympic Games is the greatest sporting arena of all time. It’s about finding a Champion among Champions. But it’s also about participation, which is why so many countries from the globe compete. However there would be no Olympic games without the SMEs that allow the games to happen. They are the gel between the athlete walking into the arena and the blue chip sponsors financing grand scale projects. The Games are for everyone and they involve everyone.
William Sharman is Britain’s top 110mh Hurdler, currently preparing for the Olympic Games. He maintains a keen perspective on key issues relating to business. He has a BA in Economics from Leicester University and an MSc in Banking and Finance from Loughborough University.




























