Bizmove Business Guides

How to Start a Bar Business | Free Book PDF Download

Starting a Bar Business Busibess

 

How to Start a Bar Business - Free Book


Are you considering starting a Bar Business? if yes, you'll find this free book to be extremely helpful.

This is a practical guide that will walk you step by step through all the essentials of starting your business. The book is packed with guides, worksheets and checklists. These strategies are absolutely crucial to your business' success yet are simple and easy to apply.

The Single Most Important Ingredient for Business Success

The first and most important thing you need to acquire in order to succeed in a small business is... knowledge.

Sounds exaggerated? Listen to this...

According to research conducted by Dun & Bradstreet, 90% of all small business failures can be traced to poor management resulting from lack of knowledge.

This is backed up by my own personal observations. In my 31 years as a business coach and consultant to small businesses, I've seen practically dozens of small business owners go under and lose their businesses -- not because they weren't talented or smart enough -- but because they were trying to re-invent the wheel rather than rely on proven, tested methods that work.

Conclusion: if you are really serious about succeeding in a business... If you want to avoid the common traps and mistakes... it is absolutely imperative that you acquire the right knowledge.

"Why Invent Mediocrity, When You Can Copy Genius?"

That's an excellent quote I picked up from a fellow business owner a few years back. What this means is that you should see what is working and try to duplicate it. Why go through all the trouble of inventing something new, that you don't even know will ever work, when you can easily learn from and duplicate something that has been a proven success?

[ Note: One of the BIGGEST mistakes almost all new businesses make is that they WASTE tons of valuable time, energy and money on trying to create something "new", that has never been tested or proven... only to find out later that it was a total loss. Don't make the same mistake! ]

Hi! My name is Meir. I'm the founder and president of BizMove.com, a successful Internet based information business. I'm also the author of numerous books, mostly in the area of small business management.

I've been involved in small business for the past 31 years of my life, as a business coach, manager of a consulting firm, a seminar leader and as the owner of five successful businesses.

During my career as a business coach and consultant I've helped dozens of business owners start their businesses, market, expand, get out of troubles, sell their businesses and do practically every other small business activity you can think of.
You see, I have been there .... done it ... and bought the Small Business t-shirt! -- This free book contains techniques and strategies I've learned during my 31 year small business career.

Here's what you'll discover in the 'How to Start a Bar Business' book:

How to determine the feasibility of your business idea - a complete fill in the blanks template system that will help you predict problems before they happen and keep you from losing your shirt on dog business ideas.

A detailed manual that will walk you step by step through all the essential phases of starting your business

A complete business plan template. This fill-in-the-blanks template includes every section of your business plan, including Executive Summary, Objectives, SWOT Analysis, Marketing Analysis and Strategy, Operations Plan, Financial Projections and more (a similar template is sold elsewhere for $69.95).

All this and much much more.

Success Tip: Setting Goals

Good management is the key to success and good management starts with setting goals. Set goals for yourself for the accomplishment of the many tasks necessary in starting and managing your business successfully. Be specific. Write down the goals in measurable terms of performance. Break major goals down into sub-goals, showing what you expect to achieve in the next two to three months, the next six months, the next year, and the next five years. Beside each goal and sub-goal place a specific date showing when it is to be achieved.

Plan the action you must take to attain the goals. While the effort required to reach each sub-goal should be great enough to challenge you, it should not be so great or unreasonable as to discourage you. Do not plan to reach too many goals all at one time.

Establish priorities. Plan in advance how to measure results so you can know exactly how well you are doing. This is what is meant by "measurable" goals. If you can’t keep score as you go along you are likely to lose motivation. Re-work your plan of action to allow for obstacles which may stand in your way. Try to foresee obstacles and plan ways to avert or minimize them.

Click here! to download your book for free (PDF version)

Here're other free books in the "how to start a business" series that may interest you:

Agriculture Assisted living Auto repair Bakery Bar Beauty salon Bed and breakfast Bookkeeping Boutique Bowling alley Carpet cleaning Car wash Catering Cattle farming Charity Cleaning Coffee shop Computer repair Construction Consulting Convenience-store Cupcake Daycare Dental Dog daycare Ecommerce Electrical Embroidery Engineering Farm Fashion Film Financial advisor Fitness center Flower-shop Food Food truck Franchise Frozen yogurt Furniture store Gas station Goat farming Grocery store Gym Hairdressing Hair salon Ice cream Insurance agency Interior design Internet Internet cafe IT Jewelry Landscaping Laundromat Laundry Law firm Magazine Manufacturing Microbrewery Motel-hotel Music Nightclub Nonprofit Nursery Online-retail Photography Pizza Plumbing Poultry farming Preschool Printing Private investigator Pub Real-estate Resort Restaurant Retail School Security company Service Software Spa Sports-bar Startup Supermarket Travel agency Trucking Vegetable-farming Website

Here's a Sample 'Executive Summary' for a Bar Business plan:

COMPANY NAME  is Alhambra’s premier venue for salsa dance, concerts and overall entertaining experience. COMPANY NAME , located at 17 South First Street, is a four-story entertainment venue decorated in a tasteful and timeless 1930's style spot. It's comprised of three components; the dance studio, Lets Dance L.A., a tapas bar & restaurant, and various nightclubs on different floors of the building, operating as salsa central.
COMPANY NAME  hosts one of the hottest salsa and Latin clubs in the entire Los Angeles area.  The club is currently open Friday, Saturday and Sunday nights and features the best Latin musicians from around the world.  In addition, it offers early evening and late night dining with a beautiful mezzanine dining room that overlooks the club floor.  It’s a great opportunity for guests to view the stellar live band performances and concerts, while dining in fine style.  COMPANY NAME  has several ballrooms available for fine events such as wedding, banquets and other special rental events.  The vast space offers the capability to host three to four events at the same time.  COMPANY NAME  is also home to L.A.’s premier salsa dance school, Let’s Dance L.A.  The dance studio attracts hundreds of students per day who then dine and dance the night away.
COMPANY NAME  has been open for the past five years and  is the brainchild of Enio Cordoba and Terryl Jones. Enio started Lets Dance LA in 1988. Teaming with Terryl in 1993, they created not just a studio, but a family of dancers, students and friends. Both Enio and Terryl have over 25 years of professional dance experience; as a result, they married their love for teaching dance with nightclub and created the number one salsa dance school in L.A. and premier salsa nightclub. For the past six years LDLA has continuously maxed out at 150 students per class. Since students stay after class to eat, drink and party, the nightclub is an instant success on Friday, Saturday and Sunday nights. LDLA will remain a tenant for COMPANY NAME  and with its renowned success, and the new owner’s ideas and experience; COMPANY NAME  will become the highest grossing entertainment venue in the Los Angeles area.

1.1 Objectives

The following objectives have been established for COMPANY NAME .

  • To become the premier venue in Alhambra, California that offers salsa dancing, concerts, wedding, fine dining and much more.
  • Reach the point of sustainable profitability by the first year. 
  • Keep food and payroll cost under 30% of revenue.
  • Reach 25% occupancy rate.

Long-term Objectives:

  • Improve and add to the premises including furniture, fixtures and safety access.
  • Improve dance studio publicity by adding local professional local dance celebrities to the venue.
  • Purchase additional bar supplies and equipment.
  • Build an additional staircase, providing a separate entrance for weddings, private events and featured artists.

Short-term Objectives:

  • Solidify as many of the target revenue streams, ensuring long term viability and profit.
  • Create repeat business from locals, as well as the entire Los Angeles area.
  • Most importantly, create a club for dancers, by dancers, which guarantees the long term viability of the club.

1.2 Mission

COMPANY NAME  strives to become a premier night-spot in Alhambra, California for locals who are interested in relaxing with a few drinks in an all around high end atmosphere. Our goal is to be a step ahead of the competition. We combine atmosphere, ambiance, and service to create a sense of "place" in order to reach our goal of overall value in our establishment.

1.3 Keys to Success

The keys to success in achieving our goals are:

  • Managing finances to achieve profitability within the first year of operation.
  • Controlling costs at all times without exception.
  • Instituting management controls to ensure proper functioning of daily operations.
  • Environment: provide a clean, upscale, enjoyable environment conducive to giving professional trusting service.
  • Convenience: offering members a wide range of services in one environment.
  • Location: provide an easily accessible location for customer convenience.
  • Reputation: credibility, integrity, and 100% dedication.

2.0 Company Summary

COMPANY NAME  is currently located in the city of Alhambra and is proud to offer the most electrifying salsa and concert experience in-town. Our hot spot is presented in a four-story entertainment venue, decorated with 1930's style. Our services are comprised of offering a dance studio, a tapas bar & restaurant, along with various nightclubs on different floors of the building, operating as salsa central.
COMPANY NAME  is the only nightclub in the city of Alhambra that has been granted a 4am closing time, with the ability to admit under 18 patrons. COMPANY NAME  has been operating for the past seven years, and in 2010, new ownership and management will seek a new venture, ensuring its success to continue.
The old adage “location, location, location” couldn’t apply more to the viability of a club.  For a club to be successful one must be assured that women feel safe in driving to, parking and entering the building.  The two most stated qualities women look for in a club is a safety and clean spacious bathrooms. Female patrons leaving late are always offered an escort to the parking lot.  COMPANY NAME  is on First Street just off Main and is two doors down from City Hall, the Police Station and two blocks from the Fire Station.  The largest parking structure in downtown Alhambra is directly across the street from the Granada, and adjacent parking is located behind the building.  The parking structures are extremely well lit thanks to good planning by the Alhambra City Council.  The City Manager has raved about our operation and The Planning Commission uses the Granada as a model for other clubs applying for permits. 

2.1 Company Ownership

INSERT NAME  is the sole owner of COMPANY NAME , which is a registered Corporation in the state of California.
Table: Past Performance

Past Performance

 

 

 

 

FY 2008

FY 2009

FY 2010

Sales

$41,638

$1,447,558

$1,256,821

Gross Margin

$41,638

$1,447,558

$1,256,821

Gross Margin %

100.00%

100.00%

100.00%

Operating Expenses

$72,351

$1,308,856

$1,157,623

Inventory Turnover

0.00

0.00

0.00

 

 

 

 

Balance Sheet

 

 

 

 

FY 2008

FY 2009

FY 2010

 

 

 

 

Current Assets

 

 

 

Cash

$20,542

$34,821

$35,401

Inventory

$8,520

$9,288

$9,000

Other Current Assets

$0

$0

$0

Total Current Assets

$29,062

$44,109

$44,401

 

 

 

 

Long-term Assets

 

 

 

Long-term Assets

$54,887

$62,500

$70,500

Accumulated Depreciation

$1,000

$1,260

$1,410

Total Long-term Assets

$53,887

$61,240

$69,090

 

 

 

 

Total Assets

$82,949

$105,349

$113,491

 

 

 

 


Current Liabilities

 

 

 

Accounts Payable

$0

$0

$0

Current Borrowing

$0

$0

$12,000

Other Current Liabilities (interest free)

$0

$0

$0

Total Current Liabilities

$0

$0

$12,000

 

 

 

 

Long-term Liabilities

$0

$0

$0

Total Liabilities

$0

$0

$12,000

 

 

 

 

Paid-in Capital

$200,000

$200,000

$200,000

Retained Earnings

($84,345)

($55,782)

($62,966)

Earnings

($32,706)

($38,869)

($35,543)

Total Capital

$82,949

$105,349

$101,491

 

 

 

 

Total Capital and Liabilities

$82,949

$105,349

$113,491

 

 

 

 

Other Inputs

 

 

 

Payment Days

15

15

15

 

 

 

 

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