The average playing career for an NFL player is 3.5 years, the average MLB career is 5.6 years, the average NBA career is 4.8 years, and the average NHL career is 5.5 years. Since retirement for professional athletes comes at such a young age, it is crucial you start thinking about your second career during your playing days. Think of this as “planning for your next game.”
Planning can be anything from continuing your education, to building your rolodex of business contacts during your playing career so you can tap into those business relationships later.
Many athletes have gone on to become professional broadcasters, real estate developers, or business owners. The idea is to identify your passion during your active playing days, and do what you can to position yourself for entry into that business before you walk off the field.
Business and career coaches can be a valuable resource for professional athletes. Business and career coaches can help sift through the available options. They can also help plan an orderly transition from your playing days to your post playing days. It is easier to plan appropriately for a smooth transition during your playing years then to delay and try and find a new life after. Career coaches are here to help identify the individual steps to your personal success. As a professional athlete, you have worked with a coach for the bulk of your life, so the idea of utilizing one for your post career field of life should not be surprising.
As a professional athlete, you are constantly fueled by your competitive nature. This same trait that helped you excel on the field will help you excel in the business world. Work hard, be mindful of the opportunities that exist, when they exist instead of waiting until it is much more difficult to transition smoothly. Give us a call today and PLAN FOR YOUR FUTURE now.