 Hey coach, welcome back to the channel. If you haven't yet, make sure you subscribe to stay up today with all the latest content that we put out. Now today I want to talk about how to set up your soccer academy business in the US. Every single day I get questions from coaches who are based out in the United States or North America and a lot of coaches what they ask me is Leo. I'm in club soccer at the moment. I'm looking to step away from that environment and I'm looking to start my own soccer academy business in my local area. How can I do this? What do I need and what are the steps you would recommend? So these are a couple of questions I get every single day from coaches who watch our YouTube channel and reach out to me via email or we get on a zoom call or they watch at me to my business number. So I want to break this down into four simple steps. These four simple steps are steps that I share with coaches who I speak to. These are steps that you can use in whatever sport you're in. This video is soccer specific but really and truly if you have a basketball business, if you have a baseball business, these steps can be used for whichever sport you are in. So the first step is you have to set up your business legally. So what I always recommend to coaches is get legal advice on what is the best way to set up a business in your local city. Okay so do a bit of research, go on to Google, look at all the qualified CPAs in your area and see if they offer a free 15 to 20-minute consultation call where you can jump on a call with them and get any questions answered that you may have with regards to setting up your business legally in your local area. There's a number of ways you can set up your academy, okay you can set up for profit, you can set up a non-profit but the best thing to do before anything is speak to a CPA because they will be able to guide you on what is the best steps for what you are looking to do. Okay now the second one is once we've set up the business legally now we need to look at setting up a business checking account for our soccer academy. So again what I would do is I would look at the the banks in your local area and your local city, your local town and go in and speak to someone about setting up a business account with them. A lot of banks at the moment they they provide a lot of promotions, offers for for entrepreneurs that are looking to start a business and open an account with them. Right if your high street banks isn't an option then also look at some online banks right there's companies out there like Starlin, Revolute, okay these are just a couple of many that offer services and products for entrepreneurs to open up business checking accounts with them. Right there's a lot of banks that do promotions offer but it's a case of just shopping around doing some research and finding out which is the best bank for you and your company. Once we've done that the next step is now we've got to purchase business insurance. Now if you are based in the United States then you know insurance is important for everything we do in the US. Okay people need medical insurance, people need personal insurance, people need insurance for insurance for everything because the likelihood of people getting you know sick, injured or soothed is very high in the US so what I always recommend to coaches is to purchase business insurance for a couple of reasons. First reason is because if you are at a training session you're working with a client and they accidentally fall over, break their arm, break their leg or get really injured which requires them to go to a hospital and get operated on then those expenses that that family has to incur as a result of that injury during your sessions there have been cases where parents then look to sue the coach or the coach's company for the liabilities okay so if you have insurance that just protects you and your business from that ever happening in your business right now the chances are that a parent sues you are very very slim but I know cases of coaches that have been sued from parents at camps or clinics okay because there was some negligence from the coach during the session okay so just be careful protect yourself and it's worth the investment to get insurance not just in the event that a parent might look to sue you for an injury but also the second reason is that if you look if you look to hire out an indoor facility such as a school or a local youth centre or a YMCA to run your sessions out of okay they will require you to have business insurance okay in the event that one of your clients accidentally smashes a window or something gets break during the time that you and your academy are using that facility okay so the chances are no place will hire hire it out unless you have business insurance okay so business insurance is the third step to getting started with your your soccer academy business and the last one once you have all the legalities set up once you have business insurance set up once your your bank account is up and running okay the fourth one I would look for now is a consistent location to run your training sessions out of so if you have to use a local park a couple of things to consider make sure that that local park is suitable to train clients out of also make sure that local park is available all year round to do your training sessions okay and also make sure that local park doesn't require you to have a permit to use it now if they do do require you to have a permit then make sure you go through the steps needed in order to obtain a permit and be able to train clients out of that public park okay there's a lot of parks across the United States that that do require you to have a permit to use that facility right so make sure that you have everything in place in order for that to happen now again if you want to use a park that's great but if you live in Massachusetts if you live in New Jersey if you live in Illinois right if you live in the more northern states then the chances are when it comes to winter it'll be very difficult to use a park because of weather right it either snows it either rains and the conditions to train on those on the on that surface is very very limited because of the weather so you might need to transition your business then to an indoor space throughout the winter months to keep your business going okay so that's why I always recommend coaches make sure that you do your research on venues locations facilities that you can use all year round so that your clients are coming to you for the training you're not having to go to different places across the town to do your training session because not only does that waste a lot of time but that also is costly for you in your business as well okay so set place set location that you can run your trainings training sessions out of each week okay and make sure that you are able to use that facility all year round for your training okay so if you want to get in contact with me to discuss any of the the four things that I mentioned in this video visit the description below you'll be able to either set up a free 15 to 20 minute zoom call through there or you can send me questions to even my email at makemoneycoachingsports.com or you can send me a whatsapp message to my number which is found below this video in the description okay thank you for watching and again if you haven't subscribed to the channel make sure you do that to stay up to date with all the latest content