Why haven't you launched your business

What is holding you back?

5/17/2013

What is keeping you from opening your indoor golf center or adding indoor golf to your current facility? Is it a fear of the unknown, worry about the worst case scenario? Or is it more a lack of time or money? Perhaps it is a lack of advice, information, support or confidence. Let's hear from folks on what they think it preventing them from getting "around to it". I gave you a round tuit at the left, now give me your thoughts. . .

7 Comments

Paul Wilcox

5/27/2013 09:36:35 am

For me, a couple things are giving me pause. I need to know more about the simulator choices available to me and price ranges. I also need advice on whether a sports bar sort of destination or a dedicated golf facility would work better in my area. Seeing more folks share their experiences would be really helpful.

Alex

5/28/2013 02:05:25 pm

For me it's the start up costs that are slowing me down. I have been thinking, planning and designing my own business in my mind since last year. I took 2 golf management classes my final semester before graduation and did a series of presentations on simulators and fell in love with the concept. I know what I want and have shared the idea with several people but I just don't have the funding. Any suggestions for funding or creative ways to bootstrap?

Reid

5/28/2013 03:14:41 pm

Alex, I would consider a couple options. If your business plan is strong enough, you could seek investors to help fund the project. They may also be able to help in other areas like licensing or marketing. A couple of the manufacturers offer different business models where they help get you started. I think it might make sense to talk to a consultant to get ideas. We like Cory from Par2Pro, tell him Reid sent you - he does a free initial consultation.

Adam

12/11/2013 05:10:17 am

for me its funding. the start-up costs for a good size sim facility are quite high. I would look to create a sports pub within this location as well to continue to draw business during slow times. business plan is in process but the amount of funding needed is getting scary for start-up of a 10 bay facility.

thoughts?

Reid

12/11/2013 01:18:26 pm

I think your focus on the business plan is key. Having a very solid understanding of the economics and potential for your area is vitally important to puling the trigger. The plan can also help you secure funding or find partners. I'd also look to network with owners in cities not located near yours (I.e. so they won't see you as competition). See what you can learn from them in how they approached the process, what they would do differently and where they got it right. You can probably either try contacting them directly or get references from the sim manufacturers.

Russ

12/21/2013 02:08:58 am

Ive heard about being able to lease the simulators? Is this true? This eliminates having to face updating units ......

Reid

12/23/2013 01:24:01 am

I've heard of a few programs, but don't have great info on them. That might be a good future blog topic. I found one program below - anyone else leas simulators?
http://www.aceindoorgolf.com/simulator-rental-program.php

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