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Advice on opening Juice bar in Chicago, Welcome
WE love Chicago. Tell us more about yourself and your plans to open this Juice Bar.
How soon?? Do you have a location??
If I was planing on opening Juice bar in Chicago, I would do two things.
One, Contact your local SCORE office. SCORE is FREE
Two, Develop a Business and marketing Plan and yes SCORE can help
Good luck, LUCKIEST
A good business plan is something that funding sources and/or prospective investors are going to want to see so that should be your priority at this point if you don't have one ready.
How complex and comprehensive your plan should be depends on what you plan to use it for.
This ususally falls into 3 categories:
1. Internal Planning (to form the business and outline the business launch - or expansion/changes for an established business).
2. Internal Planning/External presentation to close contacts that might want to invest in the business.
3. Internal Planning, External presentation to close contacts, experienced investors and/or sources of funding for the business.
Remember if you need funding or are looking for investors they will need to see that the business is viable, that you are a person that can execute the plan and provide them a return on their investment. In general, Business Plans consist of the following components:
- Executive Summary
- Market Opportunity
- Vision, Mission, & Objectives
- Business Strategy
- Financial Plan/Capital Requirements
Once you have your plan done, if it is solid and the business a viable opportunity and if you have good credit you may be able to get bank funding if you have the right collateral that they'll want. You also may be able to find a local "Angel" investor who would provide some funding for you. You can search online for "angel investors" and you will find a number of resources and web sites that will help you find angel investors.
I hope the above helps you or gives you some direction. There is a lot of good information and business start-up and business plan help to be found on this site from some of the professionals that participate in the community. Do a search for those subjects/topics and read more to get additional feedback that will help you.
Good luck and best wishes to you.