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Coach Tom Berry, founder of Youth Hoops Academy, outlines five essential steps to establish a basketball camp business: 1. Set up your legal structure.2. Obtain and register a domain name.3. Create a custom email address.4. Open a business checking account.5. Establish merchant accounts.He emphasizes that while setting up the legal structure is important, the priority should be to begin running camps to generate income, which can help clarify the business setup process later. Starting quickly rather than getting caught up in details is crucial.