There is a Batting Cages Business for those people who love baseball and / or softball. This business will make you a profit and will help raise the self-esteem of the children who come to your facility. Batting Cage complexes are popping up all over the world.
A Batting Cages Business requires conviction on the part of the business owner. There is just as much or more work for the person wanting to open the battting facility before the grand opening. Many things must be discussed, and obtained.
The first thing you should do, is contact your local and state government to find out what requirements and regulations your Batting Cages Business will need to comply with and follow. You will probably need a business license, a sales tax license, insurance and possibly other inspections and licenses. However, by knowing this you will know that this is definitely the right business.
Once you have this information, you can decide if you really want to go to the next phase, the Batting Cages Business business plan. This will be a requirement for several reasons. You will need a business plan to get financing, decide on the services you will provide at your facility, make sure you have all required paperwork, and ensure that you have not forgotten anything. It will also help you price everything out to open, and help you set a budget for your business.
You can find many documents to help you prepare a Batting Cages Business business plan and financial statement at the Small business administration website. This web site should become your best friend. It can help answer questions regarding business, get you in touch with mentors to help you, help with financing, and make sure that you are on track during the start up process and the future.
Another option is to work with a business consultant to prepare your business plan. However, this can be expensive and may take just as long as you doing it yourself. The sample business plan on the Small Business Administration will help you do the exact same thing as a business consultant. Plus, by doing the footwork on your own, it will give you a sense of the monetary value your venture will entail, and will better help you establish the operating budget.
While creating your business plan, you should consider whether you want to purchase the Batting Cages Business franchise or build one on your own. You will want to research the pros and cons. The advantage of a franchise is that you purchase the name, support, training, and equipment. The only other thing you have to purchase is the location. You also get their marketing and expertise in the industry.
If you decide to build your Batting Cages Business from the ground up, you will be required to purchase the location, and all the equipment. It is not impossible, but you will have to get the name out into the public and build credibility. You will also probably have a time where you are learning about the business through trial and error, which can produce losses of income or customers, depending on how you set your prices.
It is usually a little more expensive to purchase the franchise at the beginning, but the advantages typically outweigh this problem. Depending on your location, it may actually be cheaper to buy a franchise. You need to consider all your options, and doing this while creating your Batting Cages Business business plan. It is also during this time that you will need to decide on a location for your business.
You have made your decision, have a promising location in mind, and you have your business plan completed. You will now need to get financing. You will need to create a proposal explaining the advantages of your Batting Cages Business venture and show your business plan. You can try to get financing through private individuals, banks, or the Small Business Administration. If you do not get financing right away, do not get discouraged. Look over your proposal and business plan, make changes if needed and keep trying. You will eventually get the funding you need.
Once you have financing you can purchase the location, and start building your Batting Cages Business facilities. However, this does not mean that you are done. You need to constantly update your business plan, it should be considered a dynamic document. You will also need to subscribe to newsletters, and periodicals, check new books and web sites to keep on top of the industry.
Enjoy your venture and look at the smiling faces of the people coming to your facility to know it was all worth it.