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If you love being on skates and are looking for ways to make money out of your favourite hobby, or sports if you consider it as one, then consider establishing your own skating rink business.
Begin the venture by first creating a plan for the kind of commercial enterprise that you are looking forward to build. This 'blue print' should include several factors such as sales and cash flow forecasts and profit and loss projection for the next three to five years of your enterprise's existence.
For starters, start composing your business plan by first laying out your vision or goals. This will be the road map that will guide you in the present and in the years to come. After setting your goals, proceed then into creating a budget. This is where sales and financial forecasting should come in. To be able to develop a realistic budget, you must have a clear picture of your customers, competitors, and industry. You must also take into consideration the existing and projected market condition. Lastly, determine how you are going to sell your business to your target audience without modelling it after your competitors. Detailing this out in the plan will enable you to take a closer look and a clearer view of the competition, enabling you to develop a unique and cost-effective marketing strategy.