Thread: owning a bar
View Single Post
Old 11-22-2003, 09:56 PM  
lynch1000s
Confirmed User
 
Join Date: Mar 2001
Posts: 245
I can't tell you about the experiences of running a bar, but I did have a friend that ran a restaurant.

He started small, gained a lot of experience, and eventually sold it for a large profit and started a much larger and fancier restaurant.

Remember, experience isn't everything. And you can't get any experience without trying.

My advice is to start off by doing research. I definately don't recommend that you jump into a venture like this until you have a good idea of what you're doing.

First learn the ins and outs of entrapreneurship. A good place to start is www.briantracy.com . He's a motivational speaker who offers a lot of advice and consulting for start up firms. If you buy some of his audio-cassettes on starting a business, you'll learn the varying complexities of business, and very importantly the psychology of business. You can listen to his audio-cassettes in your car, and it's much cheaper (and probably more effective) than taking classes on entrapreneurship.

Next would be to take bartending classes. Do you have experience bartending? If not, maybe you should invest some time as a bartender. Go to local bars and maybe the owners will give you advice. Better yet, go to a library or a book store and read up on bars and alcohol.

Also very important is learning customer service and public relations skills. It was once said that any individual with expert knowledge in customer service and public relation skills will never run failing business. Again, customer service and public relations is a must when you start a business like a bar.

And I know I'm talking too much. But again, if you don't have experience working in bars or as a bartender, starting your own bar will take tremendous effort on your part. If you do have experience, then there are other areas you can work on to improve the likeliness of your success.

And sorry if I'm going to in depth about things you may not be concerned about, but I have done a lot of research on entrapreneurship. I'm planning on making it big one day, but I'm still in the process of learning and figuring out what and how I'm going to start a large business.

Anyways... good luck. And find any investment opportunities you can.
lynch1000s is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote