A goal that I have in the future would be opening my
own country bar. Along the way I will be
implementing information design for every step.
First I need to firmly decide how I want my bar to
look and who I want my bar to serve and then I have to design every single
detail.
In order to borrow money, I will need to write a
full business plan. Whether I build a
building or remodel an existing building, there will be construction and I will
need blueprints. I will also need a
marketing plan and an exit plan. All of
these things will entail a lot of research and a lot compromising.
The business plan includes my vision of my bar, and
it also includes all the financial, timeline, all my suppliers, all my codes and
licenses, employees, insurance and all the other details that I haven’t thought
of yet.
According to the SBA.gov website there are 9 parts to a business plan:
Executive Summary: My vision of my business
Market Analysis: Will be a SWOT analysis
Company Description: Country Bar
Organization & Management: The business
will most likely be a LLC
Marketing & Sales: I will need
the details on how I will present myself
Service or Product Line: Alcohol and non-alcohol
beverages and food and live bands and DJ
Funding Request: I will propose a financial statement
for five years
Financial Projections: I will explain
how I will make enough money to payback a loan if I were to get a business loan
Appendix: I will create an appendix that includes the licensing,
permits and regulations and laws
How to Make Your Business Plan Stand
Out: The business plan needs to sell the bar and to find a way to make it very
special to the bank
While I’m still in college there is no chance I have time
to write a business plan, but I could after graduation.
SBA.gov. (2012). How to write a business plan. Retrieved from http://www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/how-write-business-plan
Please let me know when you open :)
ReplyDeleteI wonder how many business plans actually come near the mark. I see lots of businesses that fail within the first couple years and I wonder what they're business plan looked like and what the quality of their research was. It seems like business plans have to be quite optimistic - otherwise how would they obtain funding? Yet often it's difficult to predict an economic downturn, getting fined by the state liquor authority or having a new bar open across the street.