OPENING A BAR TIP 7.
Money, Money, Money. If you try and open a bar without it, you wont get far. Even if your concept is appealing, your food is delicious and your staff and service are great, without money your bar will struggle to survive. To make money you need customers and unless you've got 1000 heavy drinker friends to fill your bar each night, you will need to spend money to get people through your doors. To do this you either need to promote the hell out of your bar, which costs money, or you need to wait for your name to get out there via word of mouth, and waiting also costs money. Of course all bars are different and many factors influence how fast your business will grow, including location, concept, prices, promotions etc. etc, but unless you have enough cash in the bank to pay wages, buy liquor and cover the lease and license for at least 12 months you are taking a BIG RISK! I am not trying to put off first time Entrepeneurs with big dreams and small budgets, I was exactly that when I opened my bar. After spending all my money on fancy renovations, the lease deposit and stocking the bar, I thought the rest would be smooth sailing. As I would soon discover, there is alot more to it than that. As a young and naive bar owner, I learnt some of the hardest and most expensive lessons of my life running that bar, and looking back, it is a miracle I came out of it alive. FREE Advertising for your bar - CLICK HERE
|  These are they books we read before opening our bar/restaurant and I'm glad we did now! There are some things you just cant know unless you've done it before and the information in these books was invaluable. Highly recommended!
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