If you’re a tennis fan like me, you must be riveted by this year’s Wimbledon. Nadal, Federa and Sharapova already out, an upcoming crop of great young hopefuls and “weird Wednesday”, when seven players pulled out amid allegations that the courts aren’t up to scratch. And there was also the fascinating, inspiring and, at times, moving BBC documentary about Andy Murray.
Watching the documentary got me thinking that being a tennis champion, and all that goes with it, is very like setting up a successful business. There’s a well-established link between sporting and business success – that’s why sportsmen and women make such great motivational speakers. First and foremost, there’s the sheer hard work, grit and determination involved in sporting achievements. It’s a bit like when you have a great business idea but need to bring it to fruition with solid industry and market research. Once you’ve done your market research, you’ll need do some deep thinking about how you want to set up your business.
To help you, have a read of our comprehensive free guidance to Starting your business, which will get you thinking about Choosing your business structure, Naming your business and Protecting your ideas. There isn’t any point in setting up your business if you haven’t protected your valuable confidential information and unique ideas. You can be sure that this is something that investors will be particularly keen to check before they back you. Once you’ve done the groundwork, you’ll need to think about how you do business and whether you’re going to employ anyone. Whether you need to hire people or maybe decide you need the advice of a freelance consultant, we’ve got the documents to support you with our Employment contract and choice of business consultancy agreements. Success in business or sport is also about paying attention to detail – it’s about the big ideas and the inspiration, sure, but it’s also about the detail. Once your business is up and running, you’ll need to make sure you keep proper records. Our guidance on Accounting and bookkeeping will set you on the right track.
Being a champion of business isn’t just about what you think and do – everyone needs a great team behind them. And that’s where Rocket Lawyer can help, by providing you with access to a carefully selected network of highly experienced business lawyers. Sometimes, you just need another perspective to set you thinking. Use Rocket Lawyer On Call to find out who can help you on the subject of your choice and, together with our quality documents, it might just be “game, set and match” to you.
Here’s to a vintage year, both on and off the court!