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?

[lagos]

the only problem i see is that no one has any money to put up and you have multiple partners. having other people going into this with you is a bad idea sometimes, because people tend to flake out of the deal when they get scared, or get too greedy.

you said the bar you work at has a good turn out, yet you wonder how they stay in business. what do you think they make a year? what do you think they are doing wrong, if they manage to get a good turn out?