Uncategorized

Wintrust Business Lunch 10/11/17: Stock Market Profits, Soda Tax Ends, & Executive Recruiting

JasonHanoldWGN2.jpg

Advertisements
Some of the most successful entrepreneurs retired NFL players

Some of the most successful entrepreneurs retired NFL players

Football is one of the most popular sports in the United States. Currently, the NFL is the biggest professional football league in the world. The numbers this sport moves in money terms are huge and its players receive enormous incomes while they are active. But football is a short and risky career, so a lot of them must think what to do after their retirement to reach financial security.

After retirement, some players build their financial future making investments in different industries, like technology, real estate, sports, media, among other businesses. On the other hand, some of them turn into TV or radio figures. Other ones continue with related sports professions. But there is a lot of retired players that start their own businesses, making successfully ventures in different fields.

Alex Bernstein

He played for the Baltimore Ravens, New York Jets, Cleveland Browns, and Atlanta Falcons. He was active for 14 years and retired in 2001. Five years after his retirement, Bernstein dabbled in the technology field, more specifically in the software industry founding North Venture Partner in California, which invests and supports emerging companies related to technology. Bernstein’s company has invested in more than 10 businesses.

Besides his venture company, in 2003 Alex was the executive vice president of Echo Networks, Inc. a company what he co-founded dedicated to digital media. A year later he was the senior vice president of Virgin Digital, a company from Virgin Group, Ltd. Three years after North Venture Partner´s foundation, Bernstein participated in the creation of Athleticode, a genetic testing business.

Dhani Jones

Some of the most successful entrepreneurs retired NFL players

Image courtesy of Phil Konstantin

As an active player, Jones played for 10 years in the NFL. His first team was the New York Giants, four years later he signed for the Philadelphia Eagles and three years later for the New Orleans Saints. His last years as a professional player were in the Cincinnati Bengals. After his retirement, Jones started an advertising and design company in New York City called VMG Creative, which includes clients like P&G and Michael Kors.

Jones also hosted a TV game show called “Ton of cash” in VH1 channel. In 2009, Dhani presented the TV program named “Dhani Tackles the Globe”, where he performed sports disciplines that were unknown in the United States. He is also the owner of the Bow Tie Café in Cincinnati. In 2016, he will be presenting “Adventure Capitalists”, a TV show from CNBC channel where entrepreneurs present their ideas to different investors.

Eddie George

Eddie had a brilliant performance in NFL, playing for seven seasons in Tennessee Titans and 2 in the Dallas Cowboys. In his professional career, he won 4 pro bowls, the rookie of the year in 1996, among other awards. Finished his NFL life, George obtained an MBA from Northwestern University’s Kellogg School of Management. In 2003, two years before his retirement as a professional player, George founded an architecture and design company called EDGE Group, which has offices in Ohio.

In addition to his company EDGE Group, George is passionate about finances. Currently, he manages the firm Edward George Wealth Management, which helps football stars and athletes to conserve and manage their finances during their life as active players and after their retirement.

Besides the EDGE Group and Edward George Wealth Management, Eddie has been part of different TV programs as football analyzer in FX and FOX Sports channels. He also took acting lessons and participated in a Broadway show.

Ross Tucker

Tucker played for 6 years in the NFL. During his player career, he was part of teams like Washington Red Skins, Dallas Cowboys, Buffalo Bills, New England Patriots, and Cleveland Browns and returned to Washington Red Skins where he retired in 2007 after a neck injury.

After his retirement, Ross became a writer for Sports Illustrated Magazine. Three years later, he passed to ESPN as NFL columnist and three years later, he was designated as NFL columnist for The Sporting News. Besides his writing works, he hosts the successful Ross Tucker Football Podcast at rosstucker.com, his own website where he posts NFL content and talks about football. In this site, Tucker also has other podcasts, like Fantasy Feast: Eatin and Even Money and The College Draft.

In 2010 NFL season, Ross turned in the host of The Morning Kickoff with Ross Tucker, which airs every morning. Furthermore, he is NFL analyst on the TV show Fantasy Football Live on NBC Sports Network.

In addition to his media work, Tucker is the CEO of Go Big Recruiting, LLC, a company co-founded for him, which let athletes submit their own videos to a platform where coaches can see them online.

The people mentioned above are great success examples of retired NFL players, showing that after football life, there is a lot of opportunities for those who want to secure his financial future and increase their incomes through different ways.

Related: NFL retired athletes who made it as actors by Jason Hanold

 

4 things you need to do when planning your post athlete career

When people think about professional athletes, they always imagine a life full of wealth and high living. Perhaps, seeing the luxurious lives of many tennis, basketball or soccer players has influenced a lot of people to think that. In spite of your glory days being a top professional athlete, you know well that many of you can have numerous difficulties to find a career after your last competition. Finding a career that will help you as a former professional athlete to keep your life as it was before retiring is not an easy job to do. That’s why some specialists say athletes should start planning an after competition career even before their professional athletic time is over. Here you will find some ideas to overcome this not easy task, and to be prepared when your retirement time comes.

Find an academic or professional purpose outside your own sport

Being at the top of your career as an athlete, you might think your life will always be about the sport you have loved and trained for years, and you do not see yourself doing anything else. However, someday you will have to be outside the playing field, and you will need another career to keep your life on track. For that reason, you need to prepare yourself for another professional field, and it is better if you work on this when you are still at the top. Plan before you go out of competitions, so you can do all the planning as it must be. Some advisers recommend taking a career assessment test that will help you to choose a suitable post athletic career for you. Therefore, you will be able to choose an academic field that is unrelated to your current athlete career. Besides, you can take advantage of your sportive abilities to apply for a scholarship as many colleges offer different types of rewards for those students who have outstanding performances in a sport.

Get engaged in a working function of your own sport club or federation

While you are still a professional athlete, you are going to be involved in many affairs of your club or federation. The advice is to take advantage of this situation and become valuable for them on other activities out of your athlete career. After some time, the federations or clubs you were before might need your expertise as a former professional athlete. But it is your job to become extremely important for them in other functions. The best way to do so, it is showing them this federation or club has been essential for your development as a professional athlete, and that you want to somehow repay that. In the same way, some of them will want to recompense you for your many years of commitment to them.

careers for post athletes_jason hanold

Image courtesy of Norbert Grüner at Flickr.com

Use your athlete career to establish valuable connections

While you are a professional athlete, you meet a lot of people. Related with the latter, you need to leave good relations in every club, federation, league or competition your professional athlete career takes you. The idea is to get closed to journalists, coaches, professional trainers, and managers. These sorts of connections will be invaluable when you finish you athlete career, since they might help you in the transition process from athlete to post athlete. Occasionally, you might meet people that are not directly related to the sport you professionally practice, but they can be an excellent resource later to find a post athlete career out of your federation or club if the above suggestion does not work. For example, you might find many former athletes as entrepreneurs, journalists, professional broadcasters, or even actors because they expanded their valuable network beyond the sport fields.

Search career planning advisers for post athletes

Planning a career when you are young is not an easy mission. But planning it when you are an adult and have other concerns in mind is much more difficult. Thus, asking for some help with this won’t be harmful. Nowadays you can find people who are trained to assist you in this matter. These people have created tests and other measurements that will guide you in the process of deciding a career. There are also some websites which design especial articles related to this. Some of them post advices and steps to follow, so you can beat this challenging situation. At the same time, you can also request former athletes for some guidance in these matters, since they have overcome this before. Their lives experiences might give you an idea of what you should expect and what to do next.

To summarize, the general advice here is to plan ahead what you will do with your life after retiring from a professional athlete career. You should not wait until your active playing days are over to start thinking about it. The best thing is to work on a plan when you still have time to do it well.

Job hunting through social media, it’s a small world after all

Job searching can be overwhelming and frustrating and the fact that potential employers are now going through your social network profiles doesn’t make it any less stressful. This not only means that you should be on your best behavior at all times, but that you should also show your professionalism when interacting in these networks. So, your private life becomes your business life as well when employers and recruiters start browsing through your profiles.

A survey carried out in 2015 found that from more than 2,000 hiring managers and human resource professionals 52% used social networking sites to research job candidates. In fact, about 1/3 of those employers have found content that made them more likely to hire a candidate. By means of social media, recruiters can have a more clear idea of who you are and what you have done before they even talk to you. They can also get an overall idea of your personality and how you might fit into their corporate culture.

What you need to know is that social media has become a fast, cheap and effective source for background checks, often done before inviting a job applicant in for an interview. Employers search social media to verify the facts on resumes such as your education, work history and your industry knowledge; to check out knowledge and attitudes expressed publicly including your use of alcohol, illegal substances or even your use of profanity; how you spend your non-work time, and evaluate how well you communicate: for example your spelling, punctuation, and grammar as well as your ability to clearly communicate ideas.

But don’t worry, not everything will be used against you. You can protect yourself by using social media to establish your credibility by Tweeting, blogging and commenting about things you know. Then, when an employer searches, they will find a well-informed individual who can fit well into their company. Even if you are happily employed, keep building your network as a passive form of job searching, so that it is there for you when needed.

On the other hand, if you are not active in social media you may even be dropped from the candidate list before you even had a chance to be interviewed, just because you could not be found or because the information they found did not impress them. Properly managing your online personality should ensure that an employer will find you and see enough of your great qualities that they will want to see you in person for an interview.

Other benefits of establishing a solid and reliable digital identity is that you can expand your potential network. By following potential employers and recruiters and interacting with them, you are able to get their attention and make a more personal connection in a way that you wouldn’t previously be able to.

When considering to set up your professional social network, try not to “saturate the market” with an overwhelming number of different tools.  Some people might find it more effective to make a concentrated effort in only one or two strictly professional social networks, whereas others might focus their efforts on an industry-specific blog that highlights their specialties.  

Take a look at some social networks and how to use them as potential CVs for landing your ideal job:

LinkedIn

With nearly 400 million users globally, LinkedIn is the largest professional networking site in the world. It is the network preferred by most employers and the most business-oriented of the large social media sites. LinkedIn serves as a network of professionals where members connect with each other and participate in groups according to common industry, geography, specialties, career goals, ideas, and more.  

If this platform is used properly, it can convey the same information as a good resume and establish an entire host of relationships that cannot be targeted using traditional job search methods. So firstly make sure that your profile is professional, impressive and easy to find. To do this, be sure to frequently update it with new skills, make the text easy to read and include lots of catchwords that recruiters will be looking for in your field of expertise.

Linkedin Chocolates_jason_hanold

Image courtesy of Nan Palmero at Flickr.com

Twitter

If you are going to use this platform to connect with professionals and find job opportunities remember to keep your activities strictly professional. Maybe it would be better to set up a separate job search account and make sure that your profile reflects your professional life by including your job title and even a link to your LinkedIn profile.

Be sure to follow anybody who may be relevant to your job search, such as companies you would like to work for, industry influencers and suitable job websites. By doing this, your Twitter feed will be flooded with advice and resources for your search, giving you updates on who is hiring, what skills are needed, what courses are available and what the latest industry trends are.

Blogs

According to Wikipedia, blogs “are usually maintained by an individual with regular entries of commentary, descriptions of events, or other material such as graphics or video. Entries are commonly displayed in reverse-chronological order. Many blogs provide commentary or news on a particular subject; others function as more personal online diaries. A typical blog combines text, images, and links to other blogs, Web pages, and other media related to its topic. The ability of readers to leave comments in an interactive format is an important part of many blogs. “

The content and style of what you write is extremely important to your image. What and how you say it shows who you are and the best way to show that is to put yourself out there and write. Use your blog to establish credibility and maybe share your perspective on other people’s blogs and articles. Don’t be afraid to allow people to see your personality and knowledge behind your online voice.

To start blogging effectively, you need to learn how to group your experiences, skills and viewpoints into a coherent ‘blog idea’ that can contribute to your field of interest in a unique and fresh way. Although blogging can be very time-consuming, keep in mind that many blog-hosting services offer a variety of templates and arrangements to provide you with quick and great design; the content is whatever you know about; and simply posting 2 to 4 times a week is enough to establish your professional identity.