Strategic Analysis with current research!
Research the competition and scout out locations. The best location would be in an existing golf course, or nearby, but stand-alone golf pro shops can be found in malls, strip malls or at individual building sites. If you are not a golf pro yourself, consider hiring one to add credibility to your business and better serve your customer base.
Complete a business plan for your golf pro shop. This is an important aspect of any new business. It should include your business name, future vision, action plan, your business definition, financing, business location and any pertinent research you have completed regarding other local golf pro shops.
Obtain the financing you will need to start the business. Unless you have enough money to fund the golf golf store business plan shop yourself, you will need a business loan.
Start by inquiring at your personal bank. While you are at the bank, set up a business checking account. Small Business Administration sba.
Look for an appropriate location for your new golf pro shop. The ideal location would be close to a golf course that does not already have a pro shop on site.
The worst location would be right next to a competitor. If you cannot locate the shop in or next to a golf course, opt for a nearby busy street and make sure to use eye-catching business signage. Visit the local municipality or county for information on business licenses, regulations or zoning issues.
You may need to register your business with the state and pay appropriate fees. Research thoroughly the tax requirements, both in terms of property tax you may have to pay and sales tax for merchandise you will be selling. Hire a business accountant.
This professional can help you set up an accounting system and make sure you are paying any required taxes. He will help you obtain a federal tax identification number, which is required for businesses, unless you are a sole proprietor.
In this case, since you would be the only responsible party for the business, you might be able to use your social security number. Decide what inventory you will sell and how your shop will be set up.
Determine whether you will also do mail-order or online sales. Inquire about wholesale prices from manufacturers. Plan the kinds of office furniture and supplies you will need, such as a cash register, signage, shopping carts and baskets and display shelving.
Hire staff knowledgeable about the sport of golf and the equipment used.Willow Park Golf Course golf course business plan executive summary.
Willow Park Golf Course will lease and operate a golf course and driving range, in a rapidly developing retirement community and destination vacation area/5(19). Free Sporting Goods Store Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below.
Store; Advertise With Us; You are at: Home» Featured Post» Golf Pros: Basic Business Plan for Golf Professionals. Golf Pros: Basic Business Plan for Golf Professionals 0. By Andrew Wood on June 5, Featured Post, If you own or plan to own more than one golf facility, a business plan will help you to be in two or three places at once.
Mahogany Western Wear clothing retail business plan executive summary. Mahogany Western Wear is a western apparel retail store catering to African-Americans/5(). A sound business plan can help any budding entrepreneur lay the groundwork for a successful store.
Inc. the Company will hire a qualified business broker to sell the business on behalf of the Golf Pro Shop. 2. Mr. Products and Services Below is a description of the golf product sales and related services offered by the Golf Pro Shop.1 Sales of Golf Equipment and Merchandise