MOBILE BARTENDING BUSINESS PLAN GUIDE
Each year, tons of mobile bartending businesses are established.
Not many achieve their full potential due to ineffective strategies to help enhance their growth. Some bartending businesses never see the light of day due to a lack of planning.
This shows the reason why having an effective bartender business plan is necessary.
Here, we’ve provided a mobile bartending business plan template to guide you through the process of how you should write a good plan.
If you’ve faced difficulty in the past with how to produce a great plan, this article should help address the problem.
Approach it Systematically
Instead of starting the process haphazardly, it’s best to ensure your plan has all the necessary elements. These are simply the essential sections that cannot be skipped.
They give your plan the needed balance and cover all key areas necessary for effective strategy and growth. So, what are these sections?
They include the executive summary, the business description, and the products & services.
Others are the market analysis, strategy & implementation, organization & management team, and financial plan & projections. These sections play a role in allowing you to get definite outcomes.
With these stated, you’ll need to know how to develop them. In other words, specific information to be included in each section will need to be provided. We’ve got you covered.
Let’s discuss each point to show you how each should be written.
i. Executive Summary
The executive summary is where it all begins. This is a summarized version of the entire plan. It serves as an overview and covers the whole section of the primary goal.
The executive summary is designed to pique the reader’s interest and make them want to learn more about the business idea.
Investors have little time to spare going through your plan. You should give your executive summary section the best shot you’ve got.
The reader understands the basics of your bartending business by simply reading through the summary, which should be around three pages on average.
In addition to other sections of the plan highlighted in the summary, you’ll also need to provide the business name & location, the products & services offered, mission & vision statements, and the specific purpose of the plan.
It’s best to write your executive summary last to summarize your thoughts more accurately.
Your mobile bartending business needs to have a name by which it will be called. This gives it its identity. Also, since it’s a portable business, you’ll have to state the locations you’ll be covering.
When it comes to the products and services you’ll be offering, you’ll need to be more specific.
Everyone has an idea of what products and services a bartending business offers. However, specific details need to be included here for more clarity.
Providing too many details about your services will likely take up much space within your summary. Leave the other information for the leading products and service section.
Your mission statement should clearly define your mobile bartending business’s fundamental purpose. In other words, you need to provide information on why it exists and what goals it seeks to fulfill.
Having stated your mission statement, the vision statement is next.
This should convey your dream for the mobile bartending business. Your audience can see the heights you intend to attain after a couple of years through your vision statement.
It should be inspiring to your workforce.
ii. Business Description
The business description section gets into specifics about the business. Important areas discussed include who you are, how you operate, and your goals.
How do you plan on making a profit with your mobile bartending business? Provide the legal structure your business will operate.
A brief history of your operations and the nature of the business needs to be discussed. What more? You’ll also have to state the needs you plan on supplying.
A summary of your long and short-term goals and business growth will be in order. Provide details on financial or market highlights.
iii. Products & Services
Anyone going through your products and services section should be able to get an idea of the products you sell, with information on suppliers.
What more? Your products and service costs and the net revenue expected from sales will be in order—also, state how these services benefit your customers.
Explain the market role of your services and products and the advantages such have compared to those of your competitors. Are there certain products you wish to include in your offerings in the future?
Provide such information here.
iv. Market Analysis
Under the market analysis section, you’ll have to demonstrate your knowledge of the mobile bartending industry. This is only possible through in-depth research.
Provide a sketch of your target customer segments with size and demographics included.
You’ll also have to carefully evaluate your competitors’ strengths and weaknesses while providing an industry description and outlook with supporting statistics.
Provide historical, current, and projected marketing data for services and products.
v. Strategy & Implementation
You will discuss sales and marketing strategies for your mobile bartending business here. This will include explanations of how you plan to promote your business to the market and your sources of labor.
You should state the number of employees you’ll need to run smoothly.
Provide details on pricing, costs, promotions, and distribution of products. This should also be accompanied by your operating hours as well as facilities.
How will your mobile bartending business function?
vi. Organization & Management Team
Your organizational structure needs to be appropriately described.
Provide an organizational chart that describes departments and key employees. This is in addition to the owners and the profile of your management team.
vii. Financial Plan & Projections
The financial plan should include detailed presentations and an assessment of financial statements.
These should include historical financial data, practical prospective financial information, and analysis of financial data.
Your mobile bartending business plan should be well written by following these steps. This also enhances your chances of success.