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Look for 18 year olds with 7-8 potential and terrible GS who are listed for more than 75k and were bought for less than 5k and never played in a game. Then look for guys like that who are still listed at less than 5k and buy them.

Pfft I got an 18 year old HOF. Anyways, welcome to Buzzerbeater!

As Belbuc's Coach said, it depends on what you want out of the game. There are many ways to play this game, and there is not just 1 right way to get better. I can imagine you don't know yet what part you'll like the most, so if I were you I'd at least take this opportunity to find out what training is about. As said, the start can be hard because your trainee will be a weak spot on your roster when you play him, but as he gets better, the joy of using him in games becomes bigger. You've got nothing to lose now, since you had a bad start in losses.

A couple of things you can try right away:
1. Expanding your arena. The quicker you can get it to grow, the quicker your income will grow and with that your possibilities in the game. Everything costs money, so if you have more you can do more. Spending half the money you're getting on your arena is not a bad idea, although you can prioritize a bit differently of course

2. Look for some vetrans on the transfer list to help win you some games. Since you'll be training guards, you can get some veteran forwards and centers. You don't have to buy them right away, just spend your money wisely. Take a look at what players are selling at what price for a while, and see if you can get one at a good price. Balanced players are almost always better than players with just 2/3 good skills, as they'll have a higher salary for what you're getting. Keep in mind that players of 33 years and older will get drops in their skills, and their market value goes down quickly with that. It's OK to buy old players, but make sure you don't spend too much money on them.

3. Get an advanced trainer with a salary of under 15k a week to train your MVP trainee. You don't have to spend a lot of money for one that gets 12k salary, just make sure it's under 15. Some people might advice getting a better trainer to make sure your trainee gets the best training, but that costs a lot more money that you don't really have when you just start.

Good luck, and if you have more questions just ask here or you can send me a BB-mail!

Thanks for the help everybody, I'm going to try and pick up another young PG/SG with decent potential (don't want to spend too much though) and train them both up. I'm looking at a few coaches at the moment as suggested and a couple of oldish players to help me at least get some wins now.

Just a few questions, do the match ratings go throughout all the leagues? i.e If someone plays 7.5 in league I and someone plays 7.5 in league V does that mean they both played as well as each other? If they are all even, should I be using this to select good players or is the ratings a bad measurement? Also should I offload some of the dead-weight to cut down on salary payments?

contact Morwood (u21 NT coach) about him, he will give you advice on training him and possibly making him a U21 NT player in a few years

Not entirely I believe, players get higher grades when playing against bad defense. Grades can be an indication of quality, but you need to take into account that there are several factors at play with match rating. First is game shape; check wether the player has received good minutes. Also offensive tactic can influence grades. If you play LI with a guard with bad driving and IS he will get a lower grade I believe. I usually just look at the skills, that says the most. Then dont forget to check if the player is foul prone; I try to avoid players that get more than a foul per 10 minutes.

If you have real dead weight, I'd cut it. I keep 12 players (incl. Trainees) at most plus some 1k salary scrubs in case I need them in scrimmages.