The Sports Biz Blog

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Should I take a loan from the bank to start my own facility?

Today I got a message from a Basketball trainer who is based in Milwaukee. 

He asked me: 

"Hey Ben, I'm just starting my business and I'm considering taking out a loan from a bank to purchase a gym. I'm only just starting out so I don't have any clients yet. I'm also considering partnering with someone to start my business. Can you please give me some advice?"

 I want to give you a quick disclaimer here and my response to this email is very conservative as I don't like coaches either risking or gambling with their money. If you're in a similar position as this basketball coach then I want you to take a logical approach. 

I've seen so many people who've reached out to me with business loan questions or with questions about partnering with someone else. Many of these coaches haven't had good results in the past and this is why they then reach out to me for more help about what they should do next.   

Here's one thing I think that has really helped when I...

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My client is begging me for a refund for my last basketball clinic!

basketball client refunds Apr 13, 2021

Today I got a great question from a coach who is in Basketball and currently runs camps and clinics with his coaching business.   

Before I move onto his question if you're a coach doing any sort of camps and clinics I have a great program below that will help you to sell out future camps and clinics. I've already had hundreds of coaches go through the program, check it out below: 

PURCHASE MY ALL-ACCESS PASS COURSE BUNDLE TODAY

This Basketball coach asked me this question..

"Hey Ben, I've been running a lot of clinics over the past couple of months and my business is doing great! But the last clinic I ran I had three people who didn't show up and they're all asking for a refund now. What should I do?"

I was able to gather a lot more information from this coach and I asked him to send me over his website so I could take a look at it. I even asked him to send me over his payment page. After looking through both, I noticed that this coach didn't have a terms and...

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"This Basketball Trainer keeps stealing clients and copies everything I do "

basketball business scale Mar 24, 2021

Hey coach, 

Today I want to focus on a message I got the other day from a basketball skills coach who messaged me saying this..

"Hey ben, I have another trainer in my city that is copying everything I do with my social media and email newsletters. What should I do? "

When I was 23 years old and first starting out with my business, I remember there was this one guy in my area who would copy word-for-word everything I would write on my website, social media and even my newsletters!

I became so focused on what this guy was doing all the time that it started to distract me away from my mission of helping more kids in my city and more importantly from my business. 

When this happens to you with your business I want you to do the following: 

Block - The first thing I want you to do is to find this person who is copying you on all your marketing platforms such as Facebook, Instagram and your newsletters and BLOCK THEM!

When you block them they won't be able to see what you...

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I make 8k PER MONTH in my Basketball Training Business, but feel like I'm broke!?!?

Today I want to focus on a coach who wrote into me with a question. 

This coach has a basketball training business that is doing 8K/month at the moment, yet at the end of each month he feels that he is living pay check to pay check and doesn't have enough money to save or make investments.

Today I don't want to be your financial advisor, but if you're finding that at the end of each month you don't have enough money to save or make investments, then it's probably because you are overspending on things. 

When I started my business, I made sure that I was looking at everything I was spending and where I was spending it. Although, I am not perfect I always look to perfect this part of my business so I can look after my family and have more money when I retire. 

It doesn't matter how much money you make, it matters how much of that money you are wasting. Something I always say to coaches who are in my BOARDROOM MASTERMIND PROGRAM is you must live below your means even...

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How in the heck do I get sponsors for my local basketball training business?

basketball sponsorship Mar 12, 2021

Hey what's up coach welcome back to another blog.

Today I'm going to be answering a question from a coach who asked me about getting sponsorship for his basketball training business. 

When you're considering getting a sponsor for your business I want you to think about whether you actually really need one. 

I've worked with many sports coaches over the years who think that by having a sponsorship deal, it will make them more legitimate with parents. 

The truth is, I never had a sponsor and I am a huge believer that you don't necessarily have to have one in order to succeed in business. 

But, if you are considering getting a sponsor to help you with the running costs of your business I'm going to breakdown this process for you in three very simple steps. 

Step#1 - GO TO YOUR LOCAL AAU ORGANIZATION OR HIGH SCHOOL

The first thing I want you to do is visit your local AAU organization or local high school in your area and have a look at the different...

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How To Start Your Basketball Training Business From Scratch

If you're reading this blog I'm assuming you're a basketball trainer and you want to learn how to start and grow your own basketball training business from scratch? 

If that's you, I want you to keep reading..

I'm going to dive into the nitty-gritty details so it might be a good idea if you get a pen and a piece of paper to make notes.

If you have any questions for me about starting up a basketball training business you can schedule a 15-min consultation call with me here. 

If you're brand new and you haven't started training any players yet then this blog is for you and again it's very important that you do this step by step.

Let's say right now that you are a high school basketball coach and you want to branch off and do your own thing.

If that's you, I want you to focus on getting customers and this is where a lot of basketball coaches get this backwards.

Most basketball coaches will try to create this big brand and spend hours and hours on building a crazy...

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