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If you're coaching a high school team, try to get the best teacher, both in the classroom and on the floor. It's important to find someone who is prepared and willing to learn. Knowledge is important and the assistant needs to understand your system inside and out. Ideally, he should be committed to growth as a coach, attend clinics and camps, and read, scout, and question others.
Your staff must be hard-working. At all times, the coaches should work as hard as they expect the players to and be willing to put in extra time to improve the program. Look for people who have patience. Mistakes provide opportunities to learn, so treat them as such. Coaches should never give up on players, and you should continue to improve until the very end. Have a "Commitment to Excellence." Because you impress upon your players the importance of being their best, you and your assistant coach should be committed to becoming your best.
In order to maintain continuity, assign significant responsibilities to each coach, as they build a desire to stay. Hire assistants that will always promote the program in a positive light. Maybe the most important quality is loyalty. Coaches can debate in the office but must be united on the court. Just like we preach that we have a TEAM, rather than just players, we should have a STAFF, rather than just coaches. Always work together to improve the program from top to bottom. A staff that works together to achieve the same goals does a great service to their players.