Many athletes, particularly those in team sports, think of themselves as employees. You work for your team and your agent. And that may be true from a tax standpoint. But it is not how a Money Smart Athlete thinks.
In the first two parts of the “Mindset of an Entrepreneur” series, I discussed why it is important for you as an athlete to consider the question of whether you are well-suited to being an entrepreneur when deciding your path for transition after your sport.
Read more: https://jobs.viktre.com/the-mindset-of-an-entrepreneur-part-3/
In The Mindset of an Entrepreneur – Part 1, I discussed how important it is for an athlete, when contemplating his or her transition from sport to the rest of their lives, to make the fundamental decision – do I want to be an employee or do I want to be an entrepreneur/business owner? I also presented the definition of an entrepreneur and what I feel are the foundational characteristics for success as an entrepreneur and explored the first two.
Read more HERE.
As an athlete, you have a distinct advantage when it comes to financial challenges or failures – that is, if you remember the lessons you’ve learned from your sport.
Keep in mind that the most successful athletes are always learning, always questioning and growing, always honing their skills. This is also necessary to create success in your finances and business.
If you think of a venture as a failure – there is nothing to be learned and you cannot hope to do better in the future. If you think of every result as feedback, you will always be learning, growing and improving.
Read more for a 2-step process for dealing with financial set-backs: http://moneysmartathlete.com/2018/03/15/the-money-smart-athletes-relationship-to-failure/
Do you have what it takes to be a business owner?
When preparing for the transition from your professional sport career to life after the game, there is an important question that you must consider – “do you go forward as an employee or as an entrepreneur?”
Being a business owner/entrepreneur is hard, but there are great payoffs. In order to be truly successful, it requires both a certain set of personal characteristics in addition to a developed skill set.
You may be used to being at the top of the game during your career in sports. Do you have the courage to start from the beginning and the perseverance to do the work to learn and succeed in a new game – your second career?
Learn more: https://jobs.viktre.com/mindset-entrepreneur-part-1/
In Adjusting Your Time Management for Change Parts One, Two and Three, we covered creating your schedule, your task management system and how to adapt your system. In this article, I show you how to set your priorities according to your values.
https://jobs.viktre.com/adjusting-time-management-change-part-four/
Debra Russell has an article featured on VIKTRE.com…
In Adjusting Your Time Management for Change Parts One and Two, we covered creating your schedule and your task management system. In this article, I am going to show you how to adapt your system to accommodate major changes in your circumstances.
The scheduling system discussed in the first article has “adaptability to the variables of life” built into it. You take your master schedule and flip things around to accommodate the needs of the week. But how do you adjust your system when everything changes?
The key is the master schedule. When you have a large change that is applicable at least for the next several weeks (even if it is not permanent), you look at your master schedule and make the major changes there.
Debra Russell has an article featured on VIKTRE.com…
In “Adjusting Your Time Management for Change – Part One,” I explained the concept of building a Master Schedule using time blocks by category. The premise was that you decide in advance how much time you’ll devote to each category per week and when that will happen. Then, you adjust the week’s schedule to reflect your master schedule by trading time slots, rather than just dropping things out.
So, where does your task management fit inside of this system? In order to look at that, we need to look more specifically at how best to handle, organize and think about your tasks and then fit them inside your calendar.
First, tasks are in essence, action steps. As such, every task should be associated with a goal or project – a specific, clearly defined outcome. This is your “why.” Even something as mundane as doing your laundry can be associated with a goal. For example the goal could be, “Fulfilling my role as a role model by projecting a professional image.” In order to do that, you need clean clothes, right?
Debra Russell has an article featured on VIKTRE.com…
As baseball continues its season and basketball and hockey are getting closer to wrapping up theirs, I’ve been thinking about how an athlete has to completely adjust their schedule with every seasonal change. When you enter preseason, during the season, postseason (with any luck!) and then in between the seasons – your availability, your schedule, your needs and your responsibilities completely change.
For athletes, this happens at least 2-3 times per year! But it will also happen when you leave your sport and move into the next phase of your life. And it will happen with major changes in your life, such as a marriage, the birth of a child or the change in health status of yourself or someone in your family, whether you’re looking for a job or starting/running a business.
There is one thing you can count on in this life – your scheduling needs will change and a sustainable and productive time management system must be able to flow with those changes.