As part of my overall business plan, I need to obtain funding (a recent article itemizes the costs to be between $150k to $240k just to get going for the first few months) and complete or secure the following items: (1) Location, (2) Restaurant/Bar Equipment, (3) Electronics, (4) Licenses, (5) Employees, (6) Inventory, (7) Marketing (Dean, E. (n.d.)).
g. Identification of potential barriers to reaching stated career goals
According to "How much money does it cost to open a bar," experts have broken down the costs with regard to opening a bar in this region and have come to conclusion that a person should have between 140K and 250K. As such, I believe that obtaining funding may be difficult. Additionally, I am concerned about finding the right place as I realize that location is very important in terms of marketing and strategizing and the business' overall growth (Dean, E. (n.d.)).
h. Analyze the affect of career training programs
I do not anticipate the need to attend any career training programs in the area of selling auto warranties. Rather, I believe that my time is better spent in focusing upon my real dream of opening a sports bar. The local Rotary has a series for prospective new business owners and the local county health department has a program regarding the basics of food and beverage service. These are two...
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