The casino business plan is the blueprint that will guide your new venture for the next three to five years. The document is a living document and contains clearly stated objectives, highlighted difficulties, and success tactics. Its first section is the executive summary. Usually, it is the last part to complete, and must capture the reader’s interest from the first line. The executive summary should include a brief description of your casino business model, market analysis demonstrating viability, and explanation of your unique credentials to meet the identified demand.
Another important section of the casino business plan is the financial plan. You must categorize revenue sources, disclose outside funding sources, and summarize key assumptions. The financial plan also demonstrates that you understand the market and are enthusiastic about maximizing its profits. A casino business plan should also include a strong exit strategy and a thorough financial forecast. This plan will be useful for raising capital for your new business, and it will provide a foundation for your investor presentations.
You should also include the terms of your financing. Initially, your business plan will assume you will be able to secure a $150,000 bank loan at a 9% interest rate. Then, you’ll need to fund the first six months of your venture. In the long run, you’ll need a minimum of $100,000 to finance the project. To make sure you’re getting the most for your money, you should include a financial projection.
