“The cost of playing continues to increase for a whole host of reasons. Parents are trying to do everything they can to really make sure that their kids are enjoying their experience,” said Mark Bachman, Founder and CEO of FlipGive. “As the costs go up and time goes down, parents need to do other things to help offset those costs. The days of door to door selling are gone. As things shift into the online world, it actually creates new opportunities.”
Team finances often fall on the shoulder of the team manager. They act as the liaison between players, parents and the coaching staff. Managing money, sponsorships, budget and finances are just some of the responsibilities that end up in their lap. Keeping the team money transparent and separate from personal funds are two of the most important tips to remember.
“You shouldn’t be co-mingling team funds and personal funds together. The best practice is to keep all of that team money separate.”