September 20, 2019  
 
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Opening a Pubs Business

We've collected some good advice that is perfect for those who are thinking about starting a pub. This is a must-read before you begin your venture.

Thinking about opening a pub? We tell you what you need to know to get started.
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Successful Business Plans for Pubs

As a startup small business owner, you need to have a business plan you can rely on for both external and internal purposes.

Although there are a lot of tasks screaming for your attention, cutting corners on your business plan can be a precursor to disaster. Why? Because there are a multitude of reasons why your company can't succeed without a sound business plan.

From a business ownership perspective, that makes business planning your first priority - and not a task that can be assigned to the back burner.

Assess Competitors

Before you open a pub within your community, it's essential to determine how you will fit in the competitive landscape. Use the link below to generate a list of competitors in your city. After following the link, enter your city, state and zip code to get a list of pubs in your area.

If there's too much competition, it may be wise to consider starting the business in a less competitive marketplace.

Finding a Non-Competitive Business Mentor

As part of your due diligence on opening a pub, it's a wise move to learn from folks who are already in business. It's very unlikely that the local competition will talk to you. What's in it for them?

But, a person who owns a pub outside of your community can be a great learning resource for you, provided that you won't be directly competing with them. Indeed, many experienced entrepreneurs enjoy offering advice to startup entrepreneurs. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.

Where do you find an entrepreneur who is running a pub who is willing to talk to you but doesn't live nearby?

It's not that hard. Just use the handy link below and enter in a random city/state or zipcode.

Advantages of Using a Business Broker

Business owners are decision makers. And the first decision you'll need to make is between a pub startup and an acquisition. Unless you have specific business objectives that require a startup approach, you're probably better off trying to buy an established pub.

A qualified business brokers can provide a range of services designed to ease your transition into business ownership.

By leveraging the skills, expertise and network of a first-rate business broker, you eliminate the hassles commonly associated with the business buying experience.

Explore Franchising Options

Purchasing a franchise means you benefit from feedback and ideas from other franchisees and get strong support from the home office.

If you planning on starting a pub, it's worthwhile to investigate whether franchising might increase your chances of success.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Questions to Ask Before Starting a Business

Starting a Business

Consideration Before Buying a Franchise


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Already Own a Pub?

If you currently own a pub, try these useful resources:

Marketing a Pub

Selling a Pub

Do You Sell to Pubs?

If you sell to pubs, you're in the wrong place. These resources are more appropriate for you:

Selling to Pubs

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