How to start a Bar and Tavern Business

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Did you ever watch the tv show 'Cheers' and wish you were Sam Malone surrounded by friendly faces and a warm jovial setting? Well you can make your dream come true by opening your own bar and tavern. Owning your own bar and tavern isn't as easy as the tv show made it out to be.... there are many long hours and sometimes dealing with unruly customers - but if you plan correctly and do your research you can have a very financially rewarding and successful small business.

According to the Distilled Spirits Council of the United States, U.S. spirits sales for 2004 grew 3.1 percent in volume and 5.8 percent in dollarsfor over $14 billion in revenue. There has been a steadily increasing rise for all types of spirits, but super-premium products have seen the biggest jump. And every year there is an ever-expanding variety of new brands that suit just about every taste and occasion.

Be sure to read and learn everything you can before venturing into starting your own bar or tavern.... it can be a very rewarding business both financially and socially, but you must plan carefully and perform your due dilligence before proceeding.

Starting a Bar and Tavern business can be fun, exciting and very rewarding. If you are considering starting your own Bar and Tavern business, be sure to read the following advice so that you can shorten your learning curve, minimize your risk, and start generating income quickly.

Read on to learn how to start your own Bar and Tavern business in 10 easy steps.

1. Write A Business Plan.

Writing a business plan for your small business is key in getting your new Bar and Tavern Service venture off to the its best start. Lenders won't even consider your request for a loan without a written business plan in hand. Also, the process of preparing a business plan forces you as an entrepreneur to consider every aspect of the company's operations. Don't skimp on this crucial step.


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2. Choose A Company Name.

When choosing a company name, pick a name that easily fits into a web address or domain name. Your web address should be easy to type, simple but catchy. Every business has an internet presence nowadays. You must be sure that your Bar and Tavern business is on the internet as well. Once you pick a company name for your Bar and Tavern business, make sure to register the domain name quickly, before someone else does. You may also want to get not only the .com version of the name, but the .biz and .info versions as well, so that competitors don't encroach on your business by grabbing your domain with a different extension. You may regret not having these additional domains when your company grows and becomes successful.


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3. Incorporate Your Business.

One of the primary advantages to incorporating your Bar and Tavern business is the fact that you can then enjoy limited liability. As a sole proprietorship, of a Bar and Tavern business owner, you assume all the liability of the company. Your personal assets, such as your house and car can be seized to pay the debts of your business.
When you incorporate your Bar and Tavern business, you become a shareholder in the corporation. As a shareholder in the corporation, you can't be held responsible for the debts of the corporation. Your liability as an individual shareholder of the Bar and Tavern business is limited to the amount you have invested in the company. In today's litigious society, it is best to protect yourself, and separate your personal assets from the Bar and Tavern's company assets.


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4. File For A Tax Identification Number.

There are several types of tax id numbers:

*A Federal EIN Number - The Federal Tax Identification Number is used to identify a business entity and is required for employers and corporations as well as partnerships.

*A State Sales Tax Id - Sales tax id number or sales tax exemption certificate is a legal document issued by the state. This certificate of authority gives your business the authority to collect the required sales and use taxes, and to issue appropriate sales tax exemption documents, including resale certificates used for purchasing inventory

*A State EIN Number - A state specific Tax Identification Number. Check your state regulations to see if it is required.


5. Examine Your Competition.

Examine your competition in the Bar and Tavern industry - your clients will. Compare your business ideas against your competitors. Determine what are your strengths and weaknesses are. Compare them and determine how to strengthen your weaknesses and how to emphasize your strengths. Your clients will compare your Bar and Tavern services with others before choosing - so make sure you offer your clients a service they can't refuse.



6. Calculate Your Fees.

Since you will be working on your own you will need to determine your wages. Keep in mind that you will need to pay for self-employment taxes, insurances, supplies and education. Make sure when calculating your fee to include all of your expenses and what you need to make a profit. Make sure your rates are competitive or you can justify why you are charging more than your competitors. Remember, your potential clients aren't always looking for the cheapest Bar and Tavern business. They want dependability, relaibility and genuine quality service from a skilled and professional Bar and Tavern.


7. Get A Logo.

A logo is also a very important element for your Bar and Tavern business. A logo clearly sets the tone and presents a graphic representation of your business and it’s value - providing your Bar and Tavern business with an extra level of professional presence. You need to provide your clients with a sense of legitamacy, as they will be entrusting you with their Bar and Tavern business needs.
A great logo should be eye catching and visually appealing, without being too garish or flashy. Hiring a professional to design your Bar and Tavern company logo is a wise choice, because a logo is often the first impression a potential client will get of your Bar and Tavern services. So it is best to have a professional design it, who can create a timeless and balanced look that can stand as your business identity for years to come.


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8. Create A Website.

Hire a website developer or use one of the many do-it-yourself online companies that offer you an assortment of website templates, where you can enter your own content. Be sure to choose a template that relates to the Bar and Tavern industry.

Keep your website simple and to the point. Start with a home page, which describes your business and the services you offer. Then include a page that provides your professional biography and credentials as well as a photo. A web form that allows potential clients to enter their information for quote by phone is a nice feature. Don't forget a page that provides your contact information. Include a payment form where clients can pay for your services using a credit card or electronic check, if advance payment or a deposit for your services is required.


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9. Find Clients.

You will need to advertise, market and promote your Bar and Tavern business in order to attract clients. Make sure to prepare a budget for maintaining your a website, getting business cards, ordering fliers, and sending out a press releases. Offering a special incentive to your first clients could help speed up your client acquisition process.


10. Keep Learning.

Stay current within your field of Bar and Tavern. Sign up for free newsletters and subscribe to magazines and newspapers designed for those in the Bar and Tavern industry. This will help you stay in touch with the newest trends in the Bar and Tavern business world. The more knowledgeable you are about Bar and Tavern, the more likely to you are to succeed.


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Bar/Club  Business Startup Guide

Bar/Club Business Startup Guide

Owning your own bar or club can mean long hours, meticulous attention to detail, giving up vacations and weekends, and sometimes dealing with unruly customers. But if you have a clear vision, do your homework, and learn the ins and outs of the business, it can also translate into a rewarding and financially successful enterprise.






Bar and Club  Business Startup Guide


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