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Why Laser Tag Business Start Ups Need a Business Plan

Laser Tag Business Plan

Why Your Laser TAg Business Start Up NeEds A Business Plan

Your first days of a new business start up can be tough.

But with the right amount of forward planning, Battlefield Operators can anticipate some ups and downs and plan out how to best manage their fledgling business.


Despite this, many entrepreneurs throw themselves into building a business without any formal planning.


But a business plan at the beginning of your entrepreneurial journey can help you avoid pitfalls and ramp up fast growth.

business planning

How? By having a Business Plan.


A business plan can help Battlefield Operators forecast the business's cash flow and budget. The plan can project the company's recruitment and selection timeline. The plan can also keep the business on track for group, right from the get-go!

Having A Business Plan For A New Laser Tag Business Needs To Be A Priority

The first days of a new laser tag business is exciting and maybe a bit exhausting. Forget the 9am to 5pm clock-in and clock-out. Forget flexi-time. This is now your big adventure, but it is also your responsibility.


Rookie operators might focus on corporate colors rather than financial forecasts. But writing your business plan ensure you stop and consider your business outcomes. Not sure cash flows but culture too.

It offers you the chance to distill your business video inside a clear and concise document. Something other stakeholders can also get excited about. It enables you to set your business goals and give you a path on how to make these concepts and ideas from your imagination into your reality.

Having A Business Plan Can Help Secure Funding

A good business plan for your new laser tag business can be instrumental for your company to get funding from a financial institution or securing funding from potential investors.


For example, the SBA works with lenders to provide loans to small businesses. The U.S. Small Business Administration also offer resources to help people write a business quickly and efficiently.
 

Having A Business Plan Helps Take Your Passion & Make It Your Profession

A good business plan guides a Battlefield Operator through each stage of starting and managing your business. It is a road map for how to structure, run, and grow the new business.  


It is a plan of exactly how your business dream will become a reality.

A business plan is the blueprint for your business. If are planning to build an architectural "Grand Design" then you would not simply start with the interior design. Rather you would start with a clear picture of your end in mind and you would start with good foundations.

Your business plan does not have be a stodgy, long-winded document. A document that would end up gathering dust on your book shelf.

Rather taking the time to stipulate your start ups key elements like:

  • Executive Summary
  • Market Analysis
  • Organization & Management
  • Products & Services
  • Marketing & Sales
  • Funding Request
  • Cash Flow Projections


The business plan details where your laser tag business with be at Month 1, Month 6 and Month 12 and on-wards.


If you have never written a business plan before, don't stress. There are heaps of resources available online, including from the SBA. 0https://www.sba.gov/business-guide/plan-your-business/write-your-business-plan)

When you draft your Business Plans first consider your audience. As well as getting your ideas and goals clear in your own head, think about who you are writing for.  Are you writing for your local bank manager? Are you writing for your potential landlord? Or are you writing for a future investor?


3 Tips To Writing A Good Business Plan For Your Laser Tag Business


Business Planning Tip 1: Understand your Market

Understand your laser tag market and its different segments. Look for niches that your laser tag business can service.

Consider what you can do profitably. Is there a gap in the marketing in your local area? Battlefield Sports also offers a free download of the Laser Tag Industry Report which offers insights into the sector.


Business Planning Tip 2: Understand your Customers


To gain a competitive advantage for your laser tag business you'll need to understand your customers.

What do your customers really want and need?
Not sure?
Start by asking them!
Consider if you are going for a "Battlefield TAG" theme then your customers are likely to be the Moms of 10-Year-Old Boys who want to book a birthday party.

If you are planning on a "Battlefield LIVE" genre then your customers are likely to be the young men and teen market who want to book a youth group event.

Business Planning Tip 3: Understand Yourself (Your SWOT)

Understanding your internal strengths and weakness as well as your external opportunities and treats give you a clear "lay of the land" for your new business. Knowing what you are good at and what can be improved enables you to establish a value proposition.


Your Laser Tag Business Plan

Summarizing your ideas into a coherent business plan will help you focus your mind on what you want for your new laser tag business.

The early days of a new start up business can be a challenge. With a good business plan you will have one weapon in your business arsenal to help you arm yourself for adventure.