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Is tennis coaching a profitable startup after this COVID pandemic?
Hello fellas,
I am a teacher by profession and part-time tennis coach in a high school. I have been teaching for the last 12 years and training tennis students for the last 2.5 years. Tennis is my passion and I have developed strong skills and now I can call myself an expert tennis trainer as well.
For the last few days, the idea of starting my own tennis coaching startup is in my mind but not completely sure if it is going to be a successful business while keeping COVID pandemic in mind.
Should I indulge myself in this business for full time and leave my other job or should I keep it part-time? The problem is in part-time, I won't be able to expand this new business. On the other side, if this business doesn't work the way I think, then I won't desire to lose my current job.
What is the best advice for this tennis coaching startup in my case? Open to your suggestions. Cheers!
Comments
I have seen many coaching startups that just started during the pandemic and they are working well. A tennis coach from my friend's circle is also doing great and earning great.
What I would in your situation is to do SWOT analysis, and I would talk to the tennis club coaches how they are managing, how did they start, and what was the most toughest part of managing club etc. Take a piece of paper and write down all the pros and cons of this business, and see if pros are great or cons. You will get the idea.
Thanks for such an awesome reply. I never thought from this point of view. I would definitely give this procedure a try. Thanks again.
My pleasure.
@saleemchola mind if I ask what business do you do?
@alicewprice Well, I am running a small social media agency and provide social media services to my clients like promoting their business in social media world,
Plus, a freelancer.
So do you recommend hiring a social media expert at the start of my coaching business or will it be too early?
To be honest, it is too early because you have not even studied this business in detail yet. First, start your coaching sessions on a local level and learn the ups and downs of this business. Once you are confident, then move to social media. Because social media promotion is not cheap, it is expensive.
Sure I will keep your tips in mind. BTW thanks again for all your help. Have a wonderful day :)
You too!
@saleemchola mind if I ask you to help me build a social media strategy as I have collected earning details from a local tennis coach. Their earning is good so far.
Great advice on the SWOT analysis! Understanding internal and external strengths and weaknesses is critical.
I would also suggest putting together a detailed business plan. The fact that you already do this part time gives you a great head start and insight into the business.
A good detailed business plan will force you to think through what trying to do this full time means. It will also force you to think through the actual cash flow so you can see if this is a viable option for you.
A good business plan will make you think through:
Top line sales projections
Costs
Competition
Viability in your market (do you have enough potential customer?)
Don't leave any part of the plan blank, if you don't know how to fill any part of it out you need to learn more in that area.
Once you've done this I think it will be very clear if it's viable to go full time or to keep it as a side hustle.
According to tennis hunter:
"“Coaching can help people realize, ‘Wow, as much as I’ve been nervous to keep my job, I am performing and I do need time off.’ That’s where the role of coaching is different in this new work-from-home paradigm,” says Brooks, who is scheduled to participate in the Women in HR Technology Summit this fall. “When we were in the beehive, it was, ‘How do you succeed in the beehi"