Money magazine’s Jocelyn Black Hodes’ article “10 Reasons You’re Not Rich Yet” is not only about financial worth but also can pertain to your organization or personal life.
Here is how each point can be interpreted for coaches:
#1 – You Spend Money Like You Are Already Rich – We all have budgets, so stay within yours or it may cost you (your job!) in the long run
#2 – You Don’t Have a Plan – What is your ultimate goal? You need to answer this question realistically so you can plan accordingly (recruiting, player development, fund raising, etc.)
#3 – You Don’t Have an Emergency Plan – What if someone gets sick? What if a player is injured? Who will step in and take over? Head coaches must have plans for these emergencies. Not only will they help their program get through this difficult time, but they will have strengthened their leadership skills and reputation.
#4 – You Started Late – If you don’t have a plan or solid philosophy, you better get one!
#5 – You’d Rather Complain Than Commit – There is nothing worse than having complainers around to infect others. Get rid of complainers and if it is you that is doing the complaining, you should ask yourself, “why do I coach?”
#6 – You Live For Today in Spite of Tomorrow – Always keep the future in mind. Just because you are on a winning streak now it will definitely come to an end. Prepare for rainy days by having a long-term vision of how you see the program in 1 year, 3 years, 5 years, etc.
#7 – You’re a One Trick Investor – You must be versatile in your program. Give each member (players and coaches) the ability to work outside their comfort zone to expand their abilities and confidence.
#8 – You Don’t Automate – Use technology to your advantage: set schedules, reminders, call/facetime to build networking relationships, create your brand, etc.
#9 – You Have No Sense of Urgency – What time is better than now? Procrastination is the enemy of greatness. If there is something that you do not particularly like to do, then make sure it is a strength of someone else on your staff.
#10 – You’re Easily Influenced – As the leader of the program, you have to have a “filter.” Filter out the junk and keep the valuables. Be a 49er!
Follow Bert DeSalvo on Twitter @CoachDeSalvo