Do you have a Mobile Bartending Business Plan?  I love getting emails from my subscribers with great questions.  I also feel that if I am going to answer the question, I should address it to everyone else as well (just in case you had that same question)

This question comes from Dave W. and it’s in regards to Business Plans:

Do we need to create a business plan and what needs to be included in the plan if we do?

Thanks for the question Dave, it’s a great one!  To answer it bluntly, you do not need a business plan!  In fact, I’ve seen many entrepreneurs and small business owners spend months and months crafting the perfect business plan and never get started!  My theory is that if they preoccupy their time with a business plan, they never have to worry about launching (and potentially failing) their business.  They are filled with fear-a fear of failure!  Do NOT let this become you!

You ONLY need a business plan if you plan on having investors and we already know that Mobile Bartending requires virtually ZERO start-up costs!

So what SHOULD we do before we get started?

Goals are always important, so here is what I recommend doing in place of a business plan.  Whether you are still in the “baby stages” of your business or you are a 10 yr veteran, I think this exercise is necessary.

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GOAL SETTING ASSIGNMENT
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At the top of a piece of paper, write your business name and slogan down and answer the following questions:

1.  What is your Mission Statement?
What is it you do and what makes you unique in doing it?  This can be written however you wish, it just needs to inspire YOU!

2. WHY Do you do what you do?
What makes you LOVE Bartending?  What makes you LOVE working for yourself? Get Specific!!

3.  How much do you want to make PER event?
How much do you want to get paid on a given night?

4.   How much do you want to make by the end of 2010?
By the end of 2011?

5.  What are your Personal Rules?
You’ve set goals, now set some rules for yourself.
ex: I will only work 5 hrs a day.  I will not drive more than 2 hours away. etc.

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NOTE: When you answer these questions, write in complete sentences and use present tense

ex: “I make over $400 each and every event I bartend at”

You don’t need a formal business plan, but you do need a clear vision of what you are doing and what you plan on doing with your business.  If you don’t have goals, how are you supposed to know if you’re successful?

Keep sending me your questions, thanks!

Cheers,

James Wedmore
Bartend4Profit.com

P.S.  If you haven’t checked out the COMPLETE Bartend-4-Profit System,
now is your chance to start building your business and attracting high-paying
clients like crazy!  Visit: http://www.BartenderforProfit.com