Business Plan Microbrewery

Business Plan Microbrewery-24
Eventually Sam told himself it was time to actually figure out how to make the business work or move on: We need to either do this or give it up.Life’s too short to be miserable at work all the time.Eventually, people started to compliment how good the beer had become.

Eventually Sam told himself it was time to actually figure out how to make the business work or move on: We need to either do this or give it up.Life’s too short to be miserable at work all the time.Eventually, people started to compliment how good the beer had become.

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It also didn’t help with the banks that Sam had no formal business operation experience. An alternative funding option would be to bring partners into the business that would provide the startup cash required to get started. Any time you bring in partners, the operation of a business gets more complicated with more decision makers to agree on the longterm direction of the business.

So Sam sat down with his wife and they had a big talk about whether or not they should move forward with the brewery.

After a few discouraging meetings with banks, Sam realized that unless he was able to acquire a substantial downpayment of money there wouldn’t be a way to get a loan from a traditional bank.

In most cases, banks will want some form of collateral like a house or automobile that they can take in the event you aren’t able to repay the debt.

While Sam was in the process of figuring out how to pull together the money needed to start his business, a family tragedy struck.

Sam’s dad was diagnosed with cancer and passed within one year.

When it’s time to start looking for a location, one of the first things you’ll need to do is get touch with a commercial realtor that understands your market.

Talk about where you want to be, how much space you’ll need, and the type of areas you envision.

After much discussion they decided to move forward with the plan.

They would take a second mortgage out on their house to get started. Sam and his wife were willing to take the risk of a taking out a second mortgage to fund the business.

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