What steps should I take if I want to start my own business?

Question

I would like to open a roller skating rink, but i dont know were to even start planing, and who to ask for direction. I would also want to know how much money would i need to invest?

Answer 1

The best routes to take are to research the process of starting a business as well as the industry you're interested in.

I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.

Research, research, research – this cannot be stressed enough. Read as much as you can. Here are some book titles that are relevant:

* How to Really Start Your Own Business, Fourth Edition by David E. Gumpert
* How to Really Create a Successful Business Plan: Step-by-Step Guide by David E. Gumpert
* What No One Ever Tells You about Starting Your Own Business: Real-Life Start-Up Advice from 101 Successful Entrepreneurs (What No One Ever Tells You About Starting Your Own Business) by Jan Norman
* Business Start-Up Kit by Steven D. Strauss
* Start Your Own Business (Entrepreneur Magazine's Start Up) by Rieva Lesonsky

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

you will need a huge area for the rink ( if you're going for the non-ice rink ) which will consume a lot of money b'cos you would need the generators and the safety gears, workers , rentals, water and electric bills, and so on..

this is my example of how you're gonna calculate the costs..
( note that the costs might vary because we're in different locations )
Ice rink arena location rental ( per month / per year ) : $15,000
Safety Gears and other safety materials ( fencing ) : $10,000
Generator & Machinery : $10,000
water & electric bills : $ 1,500
other unexpected costs ( set aside a few thousand dollars because you wouldn't know what might have to be invested on. : $15,000

this is what i done for my friend who opened a ice rink years ago and he's doing fine... what matters is.. location. patrons ( more people going there would be an added advantage ) , and money you're willing to invest.

if you have most of those items that i pointed out then you're already doing fine.. just one more thing.. the bigger the location, the better it is...

just my 50 cent. ^.^

Answer 3

First, do you have enough money to setup? And enough money to back up for afew months? Location varies as rental also varies rate. While employ people to work need salary, electrical & water bill, rental, stock....etc All these you have to draft out and plan carefully.