typical Investor reviews 500 business plans each year, perhaps more. Of those 500 business plans, the majority are filed, lost or disregarded. Reasons for this are numerous, but Investors commonly complain that many of the business plans they receive are thick, overly ponderous documents. Many Investors will reach for the thin business plans first, finding this strategy most appealing when sifting through several hundred candidates. The ideal length for a business plan, according to many Investors, is 25 pages, with appropriate appendices.
Family Entertainment Centers, Arcade Business, Amusement Parks and Children's Entertainment Centers - the resources you are looking for to design, build, open and operate a successful family entertainment center business.
By Peter F. Olesen
Too often, people start planning a family entertainment facility (herein referred to as an FEC) with little or no realistic information concerning the costs involved.
We constantly hear from people with projected budgets under $100,000.00 because they have obtained no realistic information prior to establishing their concept. There are no good reference books in the library, to our knowledge, that can realistically prepare newcomers for the enormity of their projects.
While it is possible to develop a small indoor facility with one or two budget attractions or a small miniature golf course in a leased location, for that small a budget, most facilities will cost far more. This is especially true when the FEC will include multiple attractions.
To clearly determine your local market opportunity and the potential of your project idea's profitability, the first step is looking at the local demographics.
The study and understanding of the demographic make-up of your market opportunity can be a complex one. However, prior to really digging into the specific data, and spending volumes of time there, you can do some quick, general rule-of-thumb projections to at least get a start and some degree of initial confidence, that yes this is an idea that could work.
FOLLOW AN INNOVATOR TO PROFITS
Anyone who knows me, knows I am a huge Apple fan. I have ever device the company has every made including the Apple TV, a big-boy Mac Pro, several Mac Mini's, the iphone, a new ipod and all the way back to the very first McIntosh computer in the late 80's... and if they ever get around to building a stand alone 60" inch plasma integrated Apple TV - I will buy a couple of those too!
For me, the reasons are simple... it just works. Everything, all the time and always has from day one. Never any blue-screen of death, no ini file frustrations or any of that other configuration nonsense you might sometimes run into on the dark side. Oh sure, it hasn't been 100% peanut butter and jelly - over the last 30 years or so, I have had at least 3 or 4 times the machine has crashed, but she's always fired right back up without any data loss - I mean, Wow!