The document discusses creating a sponsorship strategy. It emphasizes that a strategy is important for athletes seeking sponsorship and will guide the process. The strategy involves defining the vision including why the athlete wants sponsorship, what kind of sponsorship they want, who the target sponsors are, and when the sponsorship activities will take place. It then discusses taking action by defining the how of implementing the strategy through sponsorship deals and activities. Key aspects of defining the what include determining desired sponsorship amounts, benefits beyond financial support, types of sponsors, and sponsorship activities.