By George Thompson Many men’s dream is to have a beer bar because such a business is profitable and pleasant. However, you should explore each step of starting a business. For example, it’s easy to find employees, order drip trays and other bar equipment on the Internet, and so on.
Create a Business Plan
The first step is to draw up a clear plan to open. It’s necessary to build a picture of a future business. Solve the following issues:
- Naming. The title should be easy to read, short, and catchy. The name has to evoke an association with the product.
- Business scale. There are different beer business types: a beer shop, a small bar with a few seats, a brewery restaurant. The amount of money that will be required depends on the type chosen.
- General concept. Choose the style of the establishment, the main idea, direction, product quality.
- Price policy. It is essential to create a portrait of future customers: are they people with a low, middle, or high income? Products of which quality do they consume? Set prices on the market average of the costs for a similar outcome.
Financial Part
A business plan should contain a budget calculation. Think over your expenses as much as possible and add about 30% (or better 50%) of this amount for unforeseen expenses.
You need to determine the source of your capital. If you do not have the required amount, you can take out a business loan or find an investor. When you partner with an investor, you lose part of control over business decisions.
It is better to hire an accountant who will help distribute and control finances from the first steps. Also, use a lawyer’s services and purchase a license for alcohol; you can get a very high fine without it.
Calculate money for rent of premises, salary, equipment, products, and related goods. Write down a financial strategy: the period when the business will pay for itself when there is a net profit and a term when the company breaks even. Consider every tiny detail, and your business will be successful.
Lorenzo Billie 
james