Re: UA Tweets a Trailer for Show “Shop Talkâ€Â
I think you may have misconstrued the statements of not being a great entrepreneur with not having financial success post-sports career. MANY athletes do that (I mean, put your money in a low risk mutual fund and you're already just about set for life - then factor in those who diversify and take some calculated risks and their wealth explodes.)
Having success post-career isn't the same as being a successful entrepreneur. Writing books or being in movies is just an extension of the fame you already have, it's nearly a can't miss proposition and people will line up to pay you to do those things. When starting a new business from scratch there is a much higher element of risk. That's where Lebron finds himself.
Hey, he may make it work, but he will hit speed-bumps along the way, like this debacle, and that just shows it's not his natural element. That's all I was really trying to say. Not that athletes are dumb jocks who can't do anything else. But there is VERY high likelihood that it won't come as naturally. Most of them are just money men who like an idea they hear from ACTUAL entrepreneurs and they live and die by the skills and success of that person and idea.
I know Shaq bought a ton of Five Guys chains and Jordan let Nike put his name on a bunch of stuff but I don't know about the others.
I think you may have misconstrued the statements of not being a great entrepreneur with not having financial success post-sports career. MANY athletes do that (I mean, put your money in a low risk mutual fund and you're already just about set for life - then factor in those who diversify and take some calculated risks and their wealth explodes.)
Having success post-career isn't the same as being a successful entrepreneur. Writing books or being in movies is just an extension of the fame you already have, it's nearly a can't miss proposition and people will line up to pay you to do those things. When starting a new business from scratch there is a much higher element of risk. That's where Lebron finds himself.
Hey, he may make it work, but he will hit speed-bumps along the way, like this debacle, and that just shows it's not his natural element. That's all I was really trying to say. Not that athletes are dumb jocks who can't do anything else. But there is VERY high likelihood that it won't come as naturally. Most of them are just money men who like an idea they hear from ACTUAL entrepreneurs and they live and die by the skills and success of that person and idea.
