Bar management, Business plan Options

[jayi12-15psi]

For the last couple of months I've been working at a local nightclub, it plays mostly hip-hop and it usually entertains a pretty good crowd. The problem is that this club is very poorly run and seems to me like it is about to go out of business, how it stays afloat is beyond me.

I was thinking about starting a new club with a couple of my friends, they are both bar managers at this club. They have the experience in management and we all bar tend. My expertise is usually more book smarts. I have my psychology degree and I'm working on my business degree. The problem is I've taken alot of business law and management courses but I haven't taken my finance requirements yet.

In short, the question is... Is anyone here an entrepreneur/have knowledge of creating business plans for new businesses?

[jayi12-15psi]

do you know where I can find a good template for a business plan? We have alot of combined knowledge to run the business but we need to work on financing the business. We have a good location in mind, but right now we need a good successful business plan to obtain a loan. Also if anyone has any good advice to give to a small business owner, anything would help. We're also working on the set up of the actual bar, it's shaping up to be an upscale ultralounge composed of two sides, one a lounge and the other a dance floor. We have a few neat ideas, but we're looking for some more imput. If there's something neat you'd like to see in a bar, lemme know.

alone, none of us could afford to start up a bar in the location we're looking at.

[97lestyousay]

do you know where I can find a good template for a business plan? We have alot of combined knowledge to run the business but we need to work on financing the business. We have a good location in mind, but right now we need a good successful business plan to obtain a loan. Also if anyone has any good advice to give to a small business owner, anything would help. We're also working on the set up of the actual bar, it's shaping up to be an upscale ultralounge composed of two sides, one a lounge and the other a dance floor. We have a few neat ideas, but we're looking for some more imput. If there's something neat you'd like to see in a bar, lemme know.

alone, none of us could afford to start up a bar in the location we're looking at.

I started one once, but never finished it. You have to express the way you're
buisness has an aspect that makes it unique. You can offer something no one
else can. Then show why people will choose ur product/ idea/ services over another
of the same nature.

This post has been edited by 97lestyousay: Feb 13, 2006 - 9:06 PM