Used Race Cars For Sale – Patrick started the race when he was only 10 years old, and from the beginning he stood out in male-dominated sports. During his career, he drove IndyCar (open wheeled cars) and Nascar (stock cars) and became an international celebrity. In 2008, he took home the first place in the IndyCar Series race, becoming the first woman to do so.
Before retiring earlier this year, Patrick had an accident in two high-stakes competitions, the Daytona 500 and Indianapolis 500. Not as he expected to end his career, but now he tries to beat everyone else: business. He has an activewear, Warrior, and wine brand line, Somnium.
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We talked to Patrick at the Ignition Business Insider conference before he appeared on stage with Business Insider’s Julie Bort, and in both conversations he told what he had learned from the ups and downs of the race, and how he now applied the lesson as an entrepreneur. For our podcast episode “This Is Success,” we highlight important moments from both interviews.
Patrick told Bort that he was studying at the racetrack not to expect anyone else to get out of his way.
Danica Patrick: It’s not left to you, you have to get it. I definitely have to do a lot of that. I will appear behind the car … I remember this particular situation, I will not mention the name.
Julie Bort: Oh, please do it.
Patrick: I licked it and I couldn’t get past it and he was really a jerk. I did everything I could, I mean I really tried and brought it up, I tried to get out a lot of people, it wasn’t as easy as it seemed without removing yourself, what I did was also trying to do it. But I could not pass it and then a car caught me because I was detained. Because of that, he really moved into the middle of the straight away, letting the car that passed me, pulling back in front of me and I was like … This is the kind of thing I handle regularly. I get by someone is teeth and nails.
Bort: It just feels like a metaphor for life.
Patrick: That’s how you deal with it. There will be times when I am young and I will be young and irrational and emotional about it all and I will say every brave word that I can think of, on the radio too – that might be a bad idea. But I realize that when you let frustration overwhelm you and distract you, it will keep you away from your talents and abilities and focus. I finally realized that this was my fate and this was my situation and it was also my job to pass the car in front of me so that they should not just move away. It’s time to focus and make it happen and I get better.
Overcoming the expectations of others
Patrick will prove himself. But before he finished first, he had to struggle with self-doubt. Patrick got his first big result in 2004, when he finished third in the IndyCar series, but he said it seemed the public didn’t care unless it was the first place – an achievement he got in 2008.
Patrick: And I don’t know maybe you can all relate to a certain level to feel like, “Maybe I’m not good enough. Maybe I’m not too good.” I just had to remind myself that I didn’t get here overnight, I didn’t finish all these things because I was poor, and I was here for a reason. I’ve been racing now for 15 years and I’ve been racing for 20 years and 25 years. You don’t stick to something because you’re not good at it.
We all live in our heads, right? We feel insecure about things. We hope we are good enough. We hope we are pretty. We hope for all this. We always … We live in our heads. It’s very easy to be wrapped up in those thoughts and you have to really discipline yourself, challenge yourself not to entertain them and improve them. The first thing is to recognize when you have negative thoughts, such as, “I’m going to have a bad day …” or gossiping about someone or something or judging or not feeling good about yourself.
The first step is to recognize it, then as soon as you begin to recognize these negative patterns, then you start fixing them, then you go … You might be like, “Oh God, I see … You know what? I work really hard and I am beautiful. I do … I will smile and it will be a nice day. “The negative things you use to think, they don’t even resonate with you anymore. I think it’s kind of what finally happened in the race in the end, it’s just … I feel so bad in the room that everyone on the track looks sad, they’re like … Not everyone, please don’t take this out of context. But in general it’s grinding and people …
Bort: There is a lot of pressure. Yes.
Patrick: There is a lot of pressure and there are many things that happen and not everyone is super happy, and I am not too happy, but I like … I don’t like being in that environment. I don’t like bad races and feel very angry. I like, “I hate this feeling. I don’t want to feel this way again.”
Leave the race behind
So, this year, Patrick decided that he would have the last two races, one for IndyCar and one for Nascar. They don’t go according to plan.
Patrick: I raced in the Indy 500 and Daytona 500. The Daytona 500 was the first and I fell in both.
Bort: Yes. Past …
Patrick: Daytona is one of those who honestly likes …
Bort: You are stuck in ten cars.
Patrick: Ten cars. I will finish on the main lap at the end and that’s all that’s left, it’s just … This is the hope that you complete, so I’m stuck in something. I actually never crashed into IndyCar in Indy as a whole … Throughout the year I was there and thousands and thousands of miles that I drove I had never fallen in Indy, IndyCar, until then.
Bort: I am asking how you handle disappointment. I know … I’m thinking to myself, I’m like, “You know, when I am wrong it makes me want to multiply and dig back and do it again.” I ask you and you say something else, you say that you know that you have made the right choice.
Patrick: I think that is something I must conclude last year and I think this is a lesson in life in many fields, personal and business, is that … For me, I feel like I really understand and learn this concept. let go versus stop. Stop is an end, right? I have a feeling like, “Oh, I’m not as successful as I want to be and I’ll stop.” Not too. I can keep going. If my ego will take control, it will keep me going and I will not be able to let go of the image and I will take less money and I will continue to do it.
But I was just like … So many things that came up that were signs and for me, last year my main sponsor left, which was something I had never experienced before. I have been sponsored since I was on go-kart, my book program was launched in early 2017, coming out earlier this year. My clothing line was launched early last year. My wine was finally launched and sold after a process that began in 2009 at the beginning of last year. All of this is like, “Hey. Hi. Do you know what? Yes, it doesn’t work, right? Maybe you need a little push in a new direction.” It made me go, “I’m ready to …” I almost … Yes, I’m ready to go.
That is what happens, let it go versus stop. I need to make room for new things and if you remain dependent on old things because you are afraid of what might happen if you were not in the business or with that person again, then you would never know how well it could be. I think change is one of the things I react to at first, maybe like most people, where you are like, “Oh no!” I remember thinking that at the beginning of last year I was like, “Oh no, I’m not ready to do it. My sponsor is gone. I’m sure they will keep me on track. I’m not ready to do it.” You will never know unless you try and you must be brave enough to try. That’s why it’s very important to do things that you like because if it becomes horrible, at least you have fun.
Building a team that will keep you on track
We have to ask Danica Patrick some questions offstage. Like, what did the 20-year-old racing team teach him about managing his company today?
Patrick: Well, I mean, in a race there is a lot of work, there are many people involved. I think what really taught me, what racing really taught me, was how to do that job was never enough. You have to find people who want to do great work and go above and beyond. Usually that means you have to find people who want to work because of love, not fear and they are people who will go the extra mile and make sure you are happy because they have personal interests and they care about you.
Richard Feloni: What do you mean by that? Because they will operate because of fear? What will look like compared to … Yes.
Patrick: I mean, surgery because of love versus fear as far as the person who helps you is someone who is afraid of being fired. They are always timid and they don’t want to make mistakes. They don’t know exactly what to do and they are afraid of you, maybe they don’t even like you. But because of love you can get to know that person, you can know their story. You know who they are, who they are as a person, their values, their interests. They see your passion and they share with you. So they see you working hard and they want to work as hard, if not harder. They care about you and they care about the end result because they know you do it and you know each other more closely and it creates greater results than someone who is cut off from the results or not even part of it sometimes as you want. Everyone wants to be a part of something and they want to be part of something bigger and have that ownership and have the pride of knowing that because of them, something happens. It’s just called empowering people and it’s something that is based on love.
Feloni: Yes. And they are people you can trust when you are in a ditch and everything is messing around you.
Patrick: Yes. I mean, you only want people who have your back, who care about you, who are willing to work extra without credit, right? Because they just want to make sure that it works correctly. Someone who will pick up the phone on Sunday, someone you don’t need to be afraid to call them at dinner. You just want those people around you because life doesn’t always get perfect.
Feloni: Yes. And during your career, what will you say is the biggest challenge you overcome?
Patrick: I think it’s the biggest challenge and I definitely might face it a little more just because of my uniqueness and position as a girl in the world of men’s racing. But making people believe that I really can do it is difficult, but I think it applies everywhere. I mean, you really have to make people believe that you can do it no matter who you are or what you do, and some people won’t do it and that’s just the reality. You will have people who believe and don’t believe in you just like me, but I think that I might oppose a little more than that just because of some kind of social situation and what it is like. So I think it’s difficult, but I also find great people who believe in me and I always really appreciate them.
Feloni: So next year they launch the Indy women’s racing league. Do you think that if it’s already there when you enter, you won’t have the feeling like you have something to prove the type of thing in the same way?
Patrick: No. I don’t even think I’ll try … I won’t even take part in it. For years there must have been all women or women’s propositions like the entire women’s team. It’s not a series and there’s never something I want as part of because I just want to do the work and I want it to be regardless of gender, appearance, status, history. It’s only about you and what you can achieve. So I really believe that the more you talk about being different, the more different you will be. So I can make a great career against people all the time so I don’t want to spend half of the people from the series, right? I want to compete with all of them.
Feloni: Yes. And what do you want to give me about your career, if they see your career and admire it?
Patrick: The most important thing you have to do is find something you like, because at least you do something that you enjoy if it’s not very profitable, right? And find out why you did it. For me, all my businesses have real roots and foundation from people who inspire and want to help people realize their full potential and who they really are. I feel like I have something I do that brings me to these places and the space where I am, and having fun and not going to work is work. So, you have a dream about it and you have to find it, and then you have the rest, it’s just the process and it’s just life and it’s fun.
Feloni: Alright, thank you very much, Danica.
Patrick: Thank you.
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