Baseball and business with A-Rod

Business Casual

Podcast Notes Key Takeaways Alex Rodriguez is disappointed by the US education system not teaching financial literacy“It’s arguably the most important class than any young person can take today” Alex Rodriguez78% of NFL players experience financial distress within 2 years from retirementIn the past years, there has been a shift of power from the institution to individualsWhat should pro-athletes do for their finances?Surround yourself with the best people in the world and build long term relationships Do so during your career, not after itMany athletes don’t invest in networkingWhenever Alex went to a new city, he would meet with local entrepreneurs3 main lessons learned from Magic JohnsonYou always want to stay relevantTelevision allows you to do that and stay connected to your fansGo out for speaking engagementsIt allows you to connect to the next generation of entrepreneurs and investorsSurround yourself with a world-class teamAlex’s 90% RuleHe’s happy leaving 10% of the deal on the table to encourage a long term partnership“It’s not fun getting rich by yourself” Alex RodriguezA lot of reputation has to do with taking a long term viewWhat can you do for your partners?How can you create more win-win scenarios?

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The transition from the athlete world to the business world is not historically an easy one. Today, MLB legend Alex Rodriguez joins us to break down how he so successfully transferred his skills from the ball field to the boardroom to build his company, A-Rod Corp. He’s telling us about the importance of accountability, building long term relationships with mentors, and surrounding yourself with the right team.