Thinking about opening a teen club? We tell you what you need to know to get started.
(article continues below)
How to Draft a Teen Club Business Plan
Like it or not, your new teen club is going nowhere fast without a business plan.
But here's the good news: With a few tips, any entrepreneur can create a successful plan for their business. In its simplest form, a business plan is a document that describes your company's goals and your strategy for achieving them.
When you compose a business plan, you formally document the rationale behind your entrepreneurial vision. The information in your plan (and your rationale) are essential for lenders, investors and other people who have a stake in your company.
Before you begin, we recommend reviewing a few sample business plans.
Take a Look at the Competition
Before you open a teen club in your town, it's a good idea to determine how many competitors you have. We've provided the link below to help you find competitors in your city. After clicking on the link, type in your city, state and zip code to get a list of teen clubs near you.
It's important to be aware of what the competition is doing. Take the time to visit the competition to properly assess their strengths and weaknesses.
A Good Source of Advice
As part of your due diligence on opening a teen club, you really ought to speak with somebody who is already in the business. Local competitors are not going to give you the time of day, mind you. What's in it for them?
However, an entrepreneur who owns a teen club in another town can be a great learning resource for you, provided that you won't be directly competing with them. In that case, the business owner may be more than happy to discuss the industry with you. If you are persistent, you can find a business mentor who is willing to help you out.
Want the scoop on finding a teen club owner in another city who you can speak with?
Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.
Purchasing a Teen Club
So you're seriously considering buying a teen club rather than starting one from scratch. Smart move. But how do you go about locating and purchasing a viable teen club?
As you would expect, there are a number of steps in buying a business. A business broker is the gateway to the buying process.
A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.
Don't Rule Out Franchising
Your chances for making a success of your new business increase if you decide to franchise instead of doing it all on your own.
As part of your process in starting a teen club, you may want to check out whether franchising might simplify your entering the business.
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.
These additional resources regarding starting a business may be of interest to you.
If you sell to teen clubs, we've got better information for you elsewhere on our site. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.