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Start Your Own Bar Today With Just a Six-pack!

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Starting your own business is not just about having a dream. There are real steps to ensure your business a successful start. So what are all of the things you should consider when launching your new brainchild?

Number one: The Business Plan
So, you want to start your own business. What's your model? For local entrepreneur -- police say "transient," but whatever -- Travis Kevie, the idea really presented itself, a mixture of opportunism and need. Kevie decided to go into business himself, re-opening the shuttered Valencia Club bar in Auburn, CA. "It's a dream come true," he told the Auburn Journal in an article about the bar's reopening, after which a detective who read the article immediately arrested him, but that's neither here nor there. The point is, Kevie saw a need - a block in Auburn without a bar, and an opportunity - a closed bar on said block, and acted.

Number two: Name Your Business
For Kevie, the decision to name his bar came down to two things: one, there was already a sign on the club identifying it as the "Valencia Club," and two, he had no money. Sometimes the simplest idea is the best.

Number three: How to Find the Best Product Sources
For Kevie, this decision involved a couple of critical factors; one, he could only afford a six pack to start, and two, without a liquor license he was limited to paying retail supermarket prices for beer and hopefully making it up by marking the six-pack up once he got back to "his" bar. The operation was simple, sell a sixpack, take the profits, buy more sixpacks, and so on and so forth. "[W]hen owner Travis Kevie... found out that [his customer] was a Corona drinker and none was in stock, he scooted over to the store across English Colony Road to buy a case." See? From six-pack to case in less than 24 hours! Business is good.

Number four: Business License and Permits
Look, whatever. We're opening a bar, not a law firm. “If you’re happy and smiling and feeling good – then smile when you’re here,” Kevie said. “That’s how I want people to feel.”
POSITION:  No positions in stocks mentioned.