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Sports business: What the best sports managers have in common

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Image source: buzzsouthafrica.com A huge part of sports is management, which is why sports managers are incredibly significant figures in the industry. They handle quite a number of affairs behind the scenes. Sports managers negotiate contracts, organize media exposure, market events, and promote their clients. They have a huge influence on the tides of an entire professional season, especially if people consider how much superstar athletes trust them. But being a sports manager isn’t for just anyone. Tyler T. Tysdal explains that individuals who become sports managers and excel at it are committed to the endless hours, long trips, and stresses that come with the job. And even with all the issues and problems they face, sports managers are still composed and still focused on the prize, which is to land the best deals they can for their clients. The best sports managers are also expert negotiators. They have to be for them and their clients to get ahead. They are great
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Revenue streams you'll get from building your esports team

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It’s a common dream for many sports investors to own a team in the big leagues– whether it’s football, baseball, or soccer. What stops them from acquiring a team is the hefty price tag which can cost an upwards of a billion just to wade in. An esports team, on the other hand, can realize a sports investor’s dream of owning a franchise while building a brand for a younger, global market. Image source: Sogo Gakuen Human Academy Managing and owning an esports team can be risky if the investor focuses on winning league tournaments. Fortunately, this risk can be managed by creating revenue streams from a potential market of 380-million esports viewers and enthusiasts across the globe. The first revenue stream franchise owners should look at would be content creation at video game platforms like Twitch. These platforms play a billion hours of content to hundreds of thousands of viewers and therefore promise returns for advertising. A team can engage with these viewers while pushing adv
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Three more businesses sports fans can put up

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As Tyler Tysdal always says, sports is big business. As such, it would do sports fans with entrepreneurial minds good to capitalize on sports. But the common misconception about sports is that one either has to be an athlete or an agent to make a killing at it. This isn’t true. Tyler Tysdal shares three more business ideas for sports fans. Image source : thrillist.com Tours A number of franchises and organizations allow visitors to tour their cities and stadiums. Being a tour guide for groups at a time makes for great business. Tours also allow fans to keep themselves close to their favorite stars and updated on all the team’s progress. For this business to work though, owners will need either a van or a small bus, and they’ll also need to be on the inside track of tickets and group discounts. Sports bar Sometimes, sports bars are even more fun to be in when watching a live game of the town’s favorite team. Make no mistake about it, a sports-themed establishment in a com
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Work policies to help your employees work smart

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Numerous companies try to enforce work policies that improve the productivity of their employees. These can be general guidelines produced by human resources or custom policies made by department heads tailored to the need of the division itself. According to Tyler T. Tysdal, these policies tend to help employees work smarter rather than harder, enabling them to do more with what resources they currently have. Here are some examples of such policies. Image source: dzone.com/ Less meetings, more emails A lot of professionals in different enterprises feel like companies set up too many meetings to discuss ideas, projects, or even reports that can be summarized in one email. Going on meetings means dedicating 30 minutes to several hours away from desks where real work can be accomplished. Image source: medium.com Usage of calendar management systems With new and upcoming technologies constantly entering the workspace, it would be foolish not to take advantage of extr
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Why companies need to update their software regularly

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Image source: Pixabay.com      Tyler T. Tysdal acknowledges that a huge part of the success of a business is anchored on its safety and security. Companies hold a ton of sensitive information on both ends. Much of this information is stored in computers and electronic devices, and most office equipments are connected to networks. As such, it can be an easy way for cybercriminals to access electronic devices and wreak havoc on a business. This is one of the reasons, Tyler T. Tysdal explains, computer software needs to be updated regularly. Image source: Pixabay.com      Hackers and other cybercriminals have a knack for sniffing out which companies have outdated software. When a software isn’t updated, patches aren’t sent, and holes aren’t plugged. It’ll be a walk in the park for hackers to send harmful programs such as viruses and malware through these holes. Updating software puts layers over these holes, thus protecting sensitive information a business keeps. However,
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Great business ideas for athletes

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Any athlete would want to translate their passion for sports into a lucrative money-making venture. The industry is obviously a huge one with many niches to test out one’s entrepreneurial skills. Hereunder are some advice on how to channel your know-how of sports into a successful business endeavor, courtesy of sports entrepreneur Tyler T. Tysdal. Image source: smallbiztrends.com First, keep in mind that the niches in the sports industry can be generally classified into sports management, sports equipment, and media marketing and advertising. That said, the sports equipment type can be pursued by opening a sports training facility , which will house various gear for both sports enthusiasts and athletes. You’ll charge a fee for access to equipment for either multi-purpose use or those specific to a sport, like swimming, weightlifting, or golf. If you have the capital, you can aim higher and go for founding your own sports team or club , which you can then develop and enlist i
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Planning for an exit strategy amidst an M&A

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With extensive experience in entrepreneurship and investment, Tyler T. Tysdal has amassed a wealth of knowledge through the years. And through his series of blogs, he tackles various topics in and around business and investment. Image source: cosmeticsdesign.com For this blog, Tyler T. Tysdal touches on planning for an exit strategy – amidst a merger or acquisition. Before anything else, exit strategies need to be part of the business plan. This means that even before businesses are set up, owners already have an idea of how to preserve either the growth or assets of their business. Tyler T. Tysdal notes that there are several ways to go about planning for an exit strategy amidst a merger or acquisition. However, many factors can influence the planning itself, such as the specific circumstances and priorities of the company. Examining these circumstances can aid the owner when looking for the best strategy for the company and shareholders. Image source: martechtoday.co
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