When an athlete retires from sports, there are plenty of opportunities for them to open businesses that use the skills and experience that they have gained over the years. Once they retire from sports, they can use these skills to start up a new business where they can have great success. Take a look at the best business start-ups for athletes.
Start a Football Coaching Business
A former athlete has the experience and knowledge to start a football coaching business. This coaching business model can expand in many ways. For instance, once an athlete becomes a successful coach, it is possible to write editorials This is probably the most obvious business start-ups for athletes. They can join or host television shows where they can present their predictions on future football matches. In fact, people who enjoy betting on football often watch them so that they can make more informed decisions when they place bets.
Open a Sporting Goods Store
People play sports all over the world, and there is always a need for a sporting goods store. A former football player can specialize in equipment for his sport, or he can offer a variety of goods. If he was a famous athlete, then this will attract people to the store and help to make the business a success. The store should fit in with the local culture and interests. For example, a professional skier shouldn’t open a sporting goods store by the beach and sell ski equipment. Opening a sporting goods store can be a great business for a professional athlete.
Start a PR Business
A professional athlete who is looking for a start-up idea can start a PR business. Athletes will have inside information about people who are currently playing, and they have knowledge and experience about how the sports teams and the negotiation process works. They can start a business managing current athletes, and they will understand how to find appropriate advertising and endorsement deals for their clients.
Open a Gym
Another great business for a professional athlete to consider is opening a gym. If the athlete was a boxer, this is a great opportunity, but it could work for any athlete as they all understand fitness and what the body needs. Their fame can attract people to the gym, but it is important to make sure that it is in an ideal location. The athlete will want to learn about business and the need for insurance before opening the gym.
Open a Sports Bar
Sports bars are almost always successful, and professional athletes have a real advantage if they want to open one up. They can use their name to draw people in, and they can theme the bar after whatever sport they played. In fact, a number of athletes do go this route, and they usually draw a lot of customers.
Work as a Scout
A scout is critical for finding new talent, and pro athletes know exactly how to find it. They will be able to understand the technique, form, and skill level of the people they watch. Athletes are also used to spending a lot of time on the road, and this business requires a lot of travel. It can be a great way for athletes to transition out of playing and into another role.
Offer Training on YouTube
Professional athletes can use modern technology to impart their wisdom to aspiring athletes. This career will work for any athlete who wants to train people through YouTube. It is fairly simple to create a video and upload it. Athletes can make a series of training videos or work on particular skills in their sports.
Open a Camp for Kids
Athletes can also open a camp for kids. Their names alone will draw people to sign up, and they can offer camps during school breaks and the summer holiday. They can teach kids skills they need as they develop in their sports. A football player can offer camps and break it down into different skills. People will enjoy learning from a pro, and the pro can help future generations develop in the sport.
When a professional athlete retires from sports, there are still a lot of opportunities out there. They can open a number of different start-up businesses and continue to be involved with the sports they love. Do you have any other ideas for business start-ups for athletes? If so, share below in the comments!