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Casino Business Opportunity
There are really two main options to owning a casino business. One is to purchase a casino business for sale such as an online casino. More and more people are gambling online. A start up of this business can run from less than $200 to over $5,000. It is all dependent on who you want to run it.
There are many franchises with a casino business plan already laid out for you. There are also pre-built poker and casino rooms that can start your online casino business. Either way you will be set up with a web site and given all the tools you will need to succeed. However, you will be responsible for all marketing of your web site. Some franchise's offer you proven guidelines to help you market, and others don't. To market on the internet costs money, and the more money you put out the more hits on your web site.
This is truly a home business. You will make money 24 hours a day, seven days a week. Many online casino business opportunities make 75% to 85% of the monthly deposits of your customers. Your good marketing can make this a very lucrative business.
There is also another option, and that is to start a casino business opportunity that caters to employers, corporations, non-profit and civic clubs. It is a growing business that more people are using for fun and profit. You go to a location and create the atmosphere of a real casino. Many are willing to pay to have this outlet for their employees or as fund-raisers.
Before going out and purchasing cards, roulette wheels and tables, you should create a casino business plan. This will help you discover if you will need a license to operate the business, and what locations you cannot operate. But first call or log on to your local and state government web site, and ask about regulations and requirements for your casino business opportunity.
Once you have that information, go to your local Small Business Administration office or log on to their web site. You will find asample business plan and other forms you will need, mentors, financing information, and other options to help you get your casino business opportunity started.
While working on your casino business plan, start pricing your equipment, and looking for employees. You may be able to contact a local temporary employee service for employees when you are first starting, but you may just want to explain to the employee that they are paid per event. This is an important decision and needs to be decided early on in the venture.
Now that your casino business plan is ready, start looking for financing. You can contact private individuals, banks, and the Small Business Administration. Prepare a proposal explaining your casino business opportunity and business plan. You may be turned away and turned down. Be persistent, you will get financing.
Once you have the financing start advertising your business and purchase your equipment. Get your employees ready to start working. You can send out fliers to corporations explaining your service, and focus on the use of it during conferences to relax and entertain the employers.
Contact Hotels and events facilities to sell your casino business opportunity as well. Many times the facility is required to offer entertainment to conference attendees. This will work in your favor and help you get clients.
Also, let local non-profit organizations know about the opportunity to use your service as a fund-raiser. You can create an exquisite casino business opportunity that is fun and different to help them raise money for their charity or cause. Any of these options or all of them can keep your casino business opportunity busy.
Review your casino business plan annually and make changes as necessary. You also want to subscribe to newsletters and periodicals in the industry to keep abreast of the industry trends. Read books and visit web sites. Most of all, watch your competition.
This is truly a great way to make money and have fun at the same time.
© Copyright Randy Wilson, All Rights Reserved.
David Ralston 'open' to debate on casino gambling, but won't endorse it - Atlanta Journal Constitution (blog)
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