Youth basketball club with teams and training

Parents of children and teens, paying a season or term fee. Tournament entry fees are usually passed on to families.

Season or monthly fees per player, minus gym rental, coaching costs and league fees. Camps, extra skills clinics and uniform sales can add income.

• Basketball knowledge and coaching
• Organizing schedules and parents
• Working well with children and teens
• Basic bookkeeping

• Commercial general liability insurance and any insurance your league or provincial association requires
• Police record checks, including vulnerable sector checks, and safe sport or coaching training for anyone working with children
• Concussion policies and first aid cover; check the rules in your province
• Gym rentals can be hard to get in prime evening slots and prices vary by municipality
• Check whether to register as a sole proprietorship, a corporation or a not-for-profit, and when to register for GST/HST
• Seasonal demand: numbers can dip in summer or around exams

Estimates suggest startup costs are typically around $1,500 to $6,000, depending on gym rental, equipment, insurance and how many teams you start with. Gym prices vary by municipality, so check local rates first.

Check commercial general liability insurance and any cover your league or provincial association requires. Look into police record checks, including vulnerable sector checks, safe sport or coaching training, concussion policies and first aid cover in your province.

Estimates suggest monthly revenue of typically around $1,500 to $7,500, depending on team numbers, season fees and camps. The time needed is estimated at a minimum of about 8 hours a week, and numbers can dip in summer.