Athlete-Owned Restaurants
Professional athletes have a high affinity to be part or own restaurant business. In some cases, others merely lend their names to a restaurant in exchange for equity. The reason behind this is the fact that athletes are mostly identified with living a luxurious life. If it is about a restaurant, they have been into the most elegant restaurants. Due to that fact, they endeavour to have their name in a place that is happening. Doing it will ensure that they remain famous as long as their business operates.
Restaurants owned by athletes quickly fail due to poor business advisors and the power trip that comes with fame. Apart from advisors efforts to create a famous and catchy name they fall much on the essential part which is advising the relevant authorities on how to operate the business on both challenging times and when the company is doing well.
The two celebrities that I chose is Christiano Ronaldo, a football player and Serena Williams’s tennis player. Christiano Ronaldo is known for his numerous achievement in football. He has played in multiple competitions such as Serie A, English Premium League and La Liga. He has also won numerous trophies which have created a brand name for him that can be used in business. Serena Williams is also known to have made an immense achievement in Tennis where she has won numerous trophies as well as in singing. With this, she is known worldwide, which has also created a brand name that she can use to venture into a restaurant business.
We all know that athletes offer both their body and mind in playing field. They easily break targets over and over. The skills that athletes use in the playing ground for them to be successful is the same skills that they need to venture into entrepreneurship. Athletes need to be self-driven, goal-oriented and have high confidence. They should also be in a position to handle failure as in business; there is always profits and losses.