Thursday, May 6, 2010
Business Planning
As of lately we've had some serious talk of finally making a business plan. A wise person told us that we've been doing everything we need to do this whole time, now it's just time to put it into writing. All of this talk of making the business plan is causing us some serious headaches. We have to do this, write that, meet this person or that person. But first we need the plan in writing. We have two people who are familiar with business plans who are going to get us started on that part. It's just a matter of meeting times and putting everything into words. The location is going to be one of the biggest parts of our plan. We need to do tons of research in order to find the perfect place for a successful studio. This is going to be a huge, drawn out process that could take quite a bit of time to make happen, years maybe. We need funding. We hope to find as much free money as possible. Fat chance but it's worth a try. I spoke with the owner of another studio that I frequent. He went in with no money, no equipment, nothing. He got lucky and the investor needed to back out after just five days and bought the entire business for $1. If only we could get that lucky.
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