What is the difference between amateur and professional baseball? Money.
Overnight, with your name being called in the MLB Draft and the signing of a contract, you instantly transform into a professional. Even though this might be your first decision based on money, you have been a part of the industry of baseball for years. Everyone around you has been making monetary decisions about you for years. A few examples include:
The industry of baseball has been preparing for you, but have you been preparing for the industry of baseball?
With everyone else placing a value on you and trying to maximize their return on investment, do you know how you can maximize your value to yourself, or even where to start?
Whether you have the skillsets or not and whether you are prepared for it, you are now the CEO of a multimillion-dollar business. As the CEO, you have the responsibility of whether the business of you will succeed or fail. That is a lot of pressure, but the earlier you recognize this fact, the better you can prepare yourself to handle this responsibility and maximize your opportunity.
One of the most important jobs CEOs have is surrounding themselves with the right team. As a professional baseball player, you don’t just need to hire a team, you need to hire the right team.
Your team should consist of:
A team like this will put you in the best position to be one of the few players that makes it to arbitration and free agency as well as to avoid the 4 times more likelihood of bankruptcy that MLB players face.
This harsh reality isn’t meant to scare you. Rather, it is to help educate and prepare you to seize the opportunity in front of you. Whether you succeed as the CEO of the business of you is dependent on understanding the opportunity in front of you.
It’s time for you to get to work!
5 Things to Do When Turning Pro | Aaron Goldberg | PGA Players' Series #8
Giving Back Like a Pro | Aaron Goldberg | PGA Players' Series #7
Should I Invest in the Next Hot IPO? | Aaron Goldberg | PGA Players Series #6
What State Do I Live In? | Aaron Goldberg | PGA Players' Series #5
Optimizing Your Taxes with an Individual 401(k) | Aaron Goldberg & Zach Miller | PGA Players' Series #4
Should You Set Up an LLC as a Pro Golfer? | Aaron Goldberg & Erik Averill | PGA Players' Series #3
The Most Important Off-Season Financial Moves | Aaron Goldberg | PGA Players' Series #2
The Unique Financial Needs of Professional Golfers | PGA Players' Series with Aaron Goldberg and Erik Averill
The Difference Between “Personal Value” vs “Market Value” | Travis Chick, Will McGuffey | MLB Draft Podcast #16
Answering the MLB Draft’s Most Asked Questions | Travis Chick, Will McGuffey | MLB Draft Podcast #15
Blue Jays' C.J. Ebarb on Preparing for the Draft | Will McGuffey, Travis Chick | MLB Draft Series #14
LSU's Coach Cain on What Makes Players Successful | Travis Chick, Will McGuffey | MLB Draft Series #13
Texas A&M’s Justin Seely on Navigating the Draft | Travis Chick, Will McGuffey | MLB Draft Series #12
Financial Advice Before The MLB Draft? The Pros and Cons | MLB Draft Series #11
Advice From A 1st Round Parent | Erik Averill, Travis Chick | MLB Draft Series #10
Adley Rutschman On Going Amateur To Pro | Erik Averill, Travis Chick | MLB Draft Series #9
Bobby Stroupe On Utilizing Downtime To Stay On Your Game | Erik Averill, Travis Chick | MLB Draft Series #8
How Is Your Signing Bonus Taxed? (2021 Update) | Erik Averill, Travis Chick | MLB Draft Series #7
Eric Chenowith On Do I Need Disability Insurance? | Erik Averill, Travis Chick | MLB Draft Series #6
Tyler Beede On Navigating The Draft And Your Baseball Career | Erik Averill, Travis Chick | MLB Draft Series #5
Create your
podcast in
minutes
It is Free
AU Wishbone: Auburn Sports
Michigan Insider
The Herd with Colin Cowherd
The Pat McAfee Show
Nightcap