NFL gamers earn a number of money and that makes NFL players a high target for enterprise humans and con artists looking to make an clean dollar. every yr NFL players are scammed out of tens of millions of dollars from commercial enterprise human beings and scam artists looking to gather investment money to start a enterprise. The cause for this is that NFL gamers are athletes and we are not nicely educated in enterprise. That makes us clean objectives.i am one of the NFL gamers who has been scammed out of loads of heaps of dollars. as an example, numerous years ago i used to be approached via a enterprise guy who asked me to be a partner in his new business. He said all I should do is supply him $50,000 and he’s going to do all of the paintings and double my money. on the time I did now not recognise about commercial enterprise and the idea of easily doubling my money sounded splendid. So, I gave him the cash. He then fast spent all of the cash I gave him and went out of commercial enterprise. I in no way heard from him again. That taught me a completely valuable lesson. If I want to make cash in business, I should come to be an professional at commercial enterprise.i’ve watched many other NFL players become victims of unwise business investments. This includes commercial enterprise humans coming to them soliciting for investment cash to start entertainment organizations, restaurants, apparel strains, clubs, and greater. In almost each instance, the NFL player lost every cent of cash he invested to assist start a enterprise.As i’ve studied business and emerge as successful at it, i have developed a few rules that I stay by whilst starting a brand new commercial enterprise.1. there is no such component as smooth cash. beginning a enterprise takes time and it is hard work. To achieve success at commercial enterprise you have to be patient and conservative together with your money. more commonly of thumb, triple what you observed charges will cost and divide with the aid of 3 the cash you watched you will make. via doing that you will have a greater accurate photograph of ways a enterprise will perform in its 2-three years.2. whilst getting worried in enterprise, only get involved in a business you’re very obsessed on. You need to love the commercial enterprise you’re in. And, you ought to be very educated approximately the commercial enterprise you are becoming concerned in. do not just blindly spend cash beginning a new enterprise for which you don’t have any enjoy. You have to learn the whole lot you feasible can about running that sort of business earlier than you make investments your cash. If possible, get a activity running in a totally similar commercial enterprise so that you can research all there is to know approximately strolling that kind of commercial enterprise. See if there are books written approximately the type of commercial enterprise you need to begin and study them again and again. also, communicate to other business owners who run the form of business you need to start. Ask them for pointers and the satisfactory way to run that sort of business. maybe you may rent them as a consultant to help you begin your business. The more knowledge you could gain earlier than you start a business, the better chance you’ve got of creating your enterprise a success.three. observe your economic scenario. Do you have enough money in financial savings to cover all of your private and commercial enterprise prices for at least one full yr? if you do no longer, you are inquiring for hassle. almost all groups do no longer make a profit their first yr in commercial enterprise. in case you anticipate the commercial enterprise you start to right away generate a number of cash, you’re in for a massive disappointment. again, you must be very conservative together with your money.4. discover a accurate accountant who will help you with tax planning. If you can, find an accountant who has experience doing accounting for the kind of commercial enterprise you want to begin.5. The maximum vital issue you can do is discover a a hit enterprise mentor. I persisted to be unsuccessful in enterprise until i found a business mentor (Peter Geisheker) who helped me with each factor of strolling my business. I began an online keep to sell NFL merchandise (mcsportsfan.com). Peter is an expert at internet advertising and e-commerce and he taught me all the ins and outs of correctly strolling an online business. He has additionally helped me keep a variety of money as i was spending a small fortune on net offerings that I did not need. Now that i’m operating with Peter, i’m being profitable in place of losing money and i’m having a number of a laugh in commercial enterprise. again, I can not stress how essential it’s far on the way to find an sincere and a hit business mentor to manual you via building and managing your business.