I am a regular 22 year old college student. I have a business idea that would take x of millions of dollars to start. How would i go about getting funds/started in the process of building an indoor sport complex? It would consist of basketball courts, a turf soccer field, and other areas for volleyball and other sports. Winter takes up 8 months of the year here, limiting the use of the outdoor arenas. A lot of people get throught the winter by playing sports. There are limited places(that are nice) to go for sports such as soccer, basketball, volleyball…etc. There are 3 recreation centers, a YMCA, and few health clubs that arent even involved with sports. Some high schools rent their gyms out but it is pretty pricy. There is one sports complex that is semi new but poorly ran. They have a turf field and 5 courts for basketball, volleyball, etc., that are made from this weird plastic flooring. I am convinced that if there were another sports complex, that it would be very successful.
2 Responses to how does a young and inexperienced entrepreneur start a business with high OH?
First write a business plan. How? Go to the library and ask the research librarian for help in picking out a book to use as a template.
Second, contact ‘SCORE’ (Service Corp of Retired Executives) in your area. These are people who have run businesses and volunteer to help people like you. They may be able to put you in contact with an investor who can supply you with funds.
Third, is there a professional athlete in your area who would add his/her name to your gym? It would help you get publicity.
You need to write a business plan and get your idea patented. The business plan must be detailed and well written in order for possible investors to read and understand it, If possible, prepare a power point presentation. I am sure that your local government would be interested in this project.
Try these links for some pointers.