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    deonmdavis's Avatar
    deonmdavis Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Mar 29, 2007, 06:56 PM
    Opening a bar
    Recently, I came to the conclusion that I want to open a bar and looking for some information on what to do as the next step. As you can see I am kind of struggling with where to start. So far, I picked a name, found a location, and brainstormed some ideas with the activitites for the club.
    Krs's Avatar
    Krs Posts: 2,906, Reputation: 320
    Ultra Member
    		  
    #2

    Mar 30, 2007, 05:49 AM
    Prepare a business plan.
    Market research - research your potential customer, your competitors and suppliers. That's the first step to take...
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Mar 30, 2007, 06:07 AM
    Use resources at score.org and sba.gov to develop a biz plan.
    excon's Avatar
    excon Posts: 21,482, Reputation: 2992
    Uber Member
    		  
    #4

    Mar 30, 2007, 07:16 AM
    Hello deon:

    Go to work for a bar for a few years.

    excon
    NeedKarma's Avatar
    NeedKarma Posts: 10,635, Reputation: 1706
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    #5

    Mar 30, 2007, 07:21 AM
    Quote Originally Posted by excon
    Go to work for a bar for a few years.
    This is probably the best advice you have been given.

    During my business degree I interviewed a man who owned 2 bars, he said his biggest sources of stress were staff (turnover + stealing) and suppliers (especially if you offer restaurant services). Learn from others before taking the plunge; you must know that the restaurant/bar sector has the highest failure rate of any sector.
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