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Creating Synergistic Relationships between Ownership, Management and the Tennis Teaching Professional Presented By: Tim Bainton M.A.; M.B.A. Executive Director and Founder
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The Business of Tennis Any good tennis player is able to adjust their strategy and think creatively to win the match… the same is true in the ‘game’ of business – if we apply those skills that we learned playing competitive tennis to our business, then the player, the pro and the owner will all win!
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Objective Instruct Provoke Thought Provide Useful Tips Encouraging value and allowing you to thrive Create open dialogue and discussion
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Synergy Definition of Synergy The interaction of multiple elements in a system to produce an effect different from or greater than the sum of their individual effects.
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Let’s define roles.. TTP Management Ownership Overlap
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Roles & Expectations - TTP Express passion Network Grow club & facility business Build Personal Brand Seek added responsibility Pursue Continuing Ed Think Outside the Box Uphold high standards / professionalism Seek direction from company or another Motivation to improve position Educate oneself and those around us
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Roles & Expectations Management Budget accountability, o Balance realistic vs. unrealistic Return on Investment Know/analyze when to cut dead weight Advocate for TTP with Owners & vice-versa Facility Maintenance & Management Communication | Find opportunities & challenges High level vision and oversight
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Roles & Expectations Ownership Business Growth Provide Management / TTP with tools Capital Investments Communication | Find opportunities & challenges High level vision and oversight
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"Growth is never by mere chance; it is the result of forces working together." -James Cash Penney; founder of JC Penney
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Keys to Creating Synergy How to Become Allies: TTP with Owner/ Manager o Communication: contribute ideas/feedback to help the club improve their bottom line o Build YOUR brand Create value for the club and programs Do things you can promote and people can talk about o Be accountable : don’t ask for a raise until you can prove your value (BRSC Example.)
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Keys to Creating Synergy How to Become Allies: Owner/ Manager w/ TTP o Create a Path to Success: provide opportunities for advancement o Reinvest profits into education o Provide tools: help them look professional and sell more - build the brand o Communication: ask them how you can help them o Accountability: hold them accountable to goals
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Accountability: Importance of Implementing Goal Setting TTP must set goals – Strive for career advancement o Financial and personal o Accountability to goals o Measurable goals o Be careful of playing the ‘victim’ Owners/Mgrs: must help set goals o Educate your staff – spreadsheets, net vs. gross revenue, overhead o Explain the why – goals tied to business growth & profit
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Encouraging & Rewarding Entrepreneurship Management should reward the pro by… o Recognition o Financial incentives o Promotion within company Role of Ownership (Management) o Recognize initiative & entrepreneurship from pro o “Behavior” should be encouraged Entrepreneurship in Tennis Industry o Simple = Creating a new class (CHRIS FIT2HIT) o Mid-Level = Purchase of video analysis software o Difficult = Raising money to purchase a facility
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Titles, Promotions & Raises “What’s in a title?” o Sense of worth, purpose and direction (BREAKDOWN TYPICAL HIERARCHY TENNIS DIRECTOR HEAD PRO ASST PRO) New / exciting title offer selling points o Modernization of title o Reflect strengths, avoid weaknesses o Finding and discovering niche (DIRECTOR OF ADULT PROGRAMMING AND PATRICK CLIMING FOOD CHAIN)
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Ambition Longevity Personal / Financial Success
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A Word About Building YOUR Brand & Increasing Revenue The Five Levers 1. Be Likable 2. Connect 3. Solve Problems 4. Build Trust 5. Create Positive Emotional Experiences
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Importance of Incentivizing Incentives begin with ownership o Ownership incentivizes Management o Management incentivizes teaching pro o Frayed communication / relationships Cowboy / Renegade TTP must ask questions o Ways to be incentivized Communication, respect and accountability between the 3 entities = SUCCESS
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Always Be “Tinkering” Teaching style, program, business model o Always tinker o No one knows everything o Business world constantly changes Examples o Session duration o Class names o Price point o Changing vendors (popularity vs. loyalty)
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How Can You Avoid Pitfalls? Be Proactive Admit Your Mistakes Ask For Help Build Partnerships o Schools, Industry Organizations, Charitable Organizations, and Community Programs Be Aware of Industry Trends Build the Brand: 1 Brand, 1 Team, Unlimited Potential
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TOP 10 TIPS TOP 10 TIPS 10. Create Value : for owners, management and self 9. Be an Ally : How can you help? 8. Build Brand: Both the Club and Your Personal Brand 7. Be Profit Focused: mindful of overhead 6. Programming: Tennis Xpress, Fit2Hit, Rapid Fire, HP 5. Innovate: new ideas create excitement 4. Cultivate a Team Culture : Everybody Wins! 3. PR: If nobody knows how great you are, are you? 2. Strive for Excellence: (what you believe-you can achieve) 1. COMMUNICATE: It all starts HERE!
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Conclusions SYNERGY
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