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The one page action plan allows you to prepare a summarised overview of the current situation, and assists you to implement the right solutions at the right time to achieve your vision/targets. These can be drawn from your SWOT analysis that you have done earlier.
Every bar caters to a different type of clientele — be very specific about yours.
Next, create a mission statement and include the key factors for your bar’s success.
List out everything on your menu with descriptions, from cocktails and liquor to mixers, garnishes, and other add-ons.
Many purchasing decisions are based on emotion, so naming drinks and including the right type of menu descriptions is a crucial component of your marketing plan.
Make sure to go into detail about your bar’s location and design. To attract investors, you want to show you know your stuff when it comes to the industry and market.
So you need a market analysis that compiles industry insights, customer information, and competitive analysis and helps you define what success looks like.
This is important when filing your tax return, so be sure to speak with a legal consultant when selecting the right business entity for you.
A sole proprietorship allows you to be your own boss, but you’re also liable for all of the company’s debts.
Your mission is a summary of your company’s values that highlights how your bar distinguishes itself from the competition.
This statement will trickle through every aspect of your business and may influence who decides to do business with you.