How do you turn an idea into a business ?

Scaldy Ned

Hypothetically
If you had an idea for a pub that might work in the city.....something different that would appeal to all.How would you go about floating the concept to possible investors/Partners ?.
I know nothing about running a pub and i have no money to invest but i do have 35 years experience of "going out" in Waterford and i know that the pub i'd like to drink in hasn't really been done yet .
Is there anyone that these ideas can be floated to ?

kryogen

Draw up a detailed business plan, do your research and know your stuff if you do get to put your idea to anyone.

You need to include where you see the niche, what you have to back this up, how much it will cost to make this dream a reality, how you intend to get it done, cash flow projections, getting a company registered, budgets, percentages, how you see the business growing, time frame for return on investment or dividend etc

There is plenty more, a lot goes into setting up a business particularly if you are coming from a background of no money and no experience

What kind of pub would you like? Why do you think that enough people will also like it enough to spend there money there instead of the other venues in the town and why has it not been done yet if so?

Dicky Pride

Is it a heavy metal gay bar?

stefan idiot jones

Dicky Pride wrote: »

Is it a
heavy metal gay bar?

You could get Rob to run it for you.
http://m.youtube.com/watch?v=oo_sTzE6Tck

looksee

Scaldy Ned wrote: »

Hypothetically
If you had an idea for a pub that might work in the city.....something different that would appeal to all.How would you go about floating the concept to possible investors/Partners ?.
I know nothing about running a pub and i have no money to invest but i do have 35 years experience of "going out" in Waterford and i know that the pub i'd like to drink in hasn't really been done yet .
Is there anyone that these ideas can be floated to ?

Define 'all'. Nothing is going to appeal to everyone, so if you are starting from a point of saying it would appeal to all, you maybe haven't thought it through

obezyana

There is plenty of people who go out on the piss every night of the week but it doesn't mean they would have any clue as how to run a pub so your notion that you would because you have been out and about for 35 yrs is not exactly going to be a reason why any potential person may invest your ideas.

I worked in the pub night club scene for a long time and I wouldn't dream of opening a pub or club as most are dying on their arses.

Scaldy Ned

Dicky Pride wrote: »

Is it a heavy metal gay bar?

Haha ...why not, if that worked.....but why pigeonhole the place ...therein lies the issue

Scaldy Ned

kryogen wrote: »

Draw up a detailed business plan, do your research and know your stuff if you do get to put your idea to anyone.

You need to include where you see the niche, what you have to back this up, how much it will cost to make this dream a reality, how you intend to get it done, cash flow projections, getting a company registered, budgets, percentages, how you see the business growing, time frame for return on investment or dividend etc

There is plenty more, a lot goes into setting up a business particularly if you are coming from a background of no money and no experience

What kind of pub would you like? Why do you think that enough people will also like it enough to spend there money there instead of the other venues in the town and why has it not been done yet if so?

Thanks for the reality check
I don't have enough confidence in the idea to go through all that.
I also don't have the connections or know how......back to doing the lotto

Scaldy Ned

obezyana wrote: »

There is plenty of people who go out on the piss every night of the week but it doesn't mean they would have any clue as how to run a pub so your notion that you would because you have been out and about for 35 yrs is not exactly going to be a reason why any potential person may invest your ideas.

I worked in the pub night club scene for a long time and I wouldn't dream of opening a pub or club as most are dying on their arses.

Hey ....read the FN post at least.....you might see the phrase "how do you" or "how would you" in reference to doing these things....The whole point of my post was to ask "How to"

looksee

You have, by your own admission, no experience, no expertise to offer and no money to put up. So it doesn't matter if someone tells you 'how to', it is not going to happen. So why not put your idea up here where we can take it to bits then if someone does think its a great idea you can at least say - that was my idea! - and maybe someone will buy you a drink and put your photo in the bar :P

reni10

No point in keeping any ideas secret really, you want to tell as many people as will listen so you get honest feedback on the idea.

The idea is the easy part ,it is the execution of the idea that is 99% of the work!

wellboytoo

Dicky Pride wrote: »

Is it a heavy metal gay bar?

Thoughts are inside voice
Writing is outside voice

O Riain

Go to the city council. As far as I know the enterprise will provide everything from advice on what needs to be done and a grant if the idea is sound..

looksee

O Riain wrote: »

Go to the city council. As far as I know the enterprise will provide everything from advice on what needs to be done and a grant if the idea is sound..