Fortunately, somebody who runs a sports agents business outside of your community will be much more likely to talk with you, given that you don't compete with them in their area.
In addition, there can be no assurance that the Company's cash flow generated from operations shall be sufficient to implement the Sports' business objectives. Passing the exam is a clear indication to prospective customers that you can handle all business requirements efficiently.
It will be key throughout the business plan to highlight what makes my agency unique, and how that will contribute to its success. With dedication, you will be able to find young talent that appreciates your admiration of their potential and values the hard work you put in on their behalf.
The Company's reliance on internet and computer technology implies that there can be no assurances that a system failure would not adversely affect the performance of the Company; Sports presently has limited redundancy systems, relies on third party back up facilities and only a limited disaster recovery plan.
As your business begins to attract a higher caliber of clientele, you can slowly increase the level of your endorsement deals. Statistics include showing how many athletes retain agents as well as the market for endorsements. Currently, Sports Events, one of the Sports' subsidiaries, has stadium insurance for general liability coverage.
A healthy business will naturally grow, but your sports agency must exercise caution to ensure that your growth is not achieved at the expense of your existing clients. This is primarily attributed to the fact that the demand for public relation and its associated services have become exponentially more complicated as the number of new technologies and athletic media have increased.
What Are the Duties of a Sports Agent? For these reasons, and the risks described below, investors should be prepared to withstand a complete, or significant, loss of their investment in Sports.
We will be implementing additional procedures and processes for the purpose of addressing the standards and requirements applicable to public companies. Forward-looking statements are not guarantees of performance.