• August 31, 2022
  • Mini Golf,Opportunities,
  • Mini Golf Creations

Investing in business

If you are planning to start a business post-2020 then you must also consider Covid-19. The pandemic has drastically changed the way people purchase and consume services and products. Words and phrases like socially distanced, masks required, check-in app and vaccination status are commonplace these days.

This has increased and decreased the popularity of various business investment ideas.

Whatever business you decide to invest in, an online presence is a must.

Business Investment Ideas – What about mini-golf?

Mini golf courses are outside but usually sheltered from the weather.  This makes it safer for people to engage in activities and easier to socially distance themselves from one another. Generally, masks are not required to be worn in outside areas.  As most mini-golf venues have one entrance only (usually through an arcade or shop), this makes the check-in process easier to manage.

To achieve success in your business you should:

  • Conduct a Feasibility Study
    • Evaluate the viability of your business idea by analyzing market demand, competition, and potential challenges. This helps in making informed decisions and identifying potential risks.
  • Understand Your Chosen Niche
    • Gain in-depth knowledge of your specific market segment to tailor your products or services effectively. Understanding customer needs and preferences is crucial for success.
  • Draw Up a Detailed Business Plan
    • Create a comprehensive business plan outlining your goals, strategies, and financial projections. This serves as a roadmap for your business and is essential for securing funding.
  • Name Your Business and Register the Name, Also Get an ABN for Your Business
    • Choose a unique and memorable business name, register it legally, and obtain an Australian Business Number (ABN) to operate legally and for tax purposes.
  • Apply for Licenses and Permits That May Be Required
    • Identify and obtain the necessary licenses and permits specific to your industry and location to ensure legal compliance and smooth operations.
  • Start a Bank Account for the Business
    • Open a separate business bank account to manage your finances efficiently and maintain clear records for accounting and tax purposes.
  • Raise the Needed Capital
    • Secure the necessary funding through personal savings, loans, investors, or grants to cover startup costs and initial operating expenses.
  • Select the Location and Organize to Lease or Build
    • Choose a strategic location that aligns with your business needs and target market. Arrange for leasing or constructing premises that meet your operational requirements.
  • Find Suppliers and Merchandise
    • Identify and establish relationships with reliable suppliers to ensure a steady supply of quality products and materials for your business.
  • Hire Employees
    • Recruit skilled and motivated staff to support your business operations. Consider their qualifications, experience, and cultural fit with your business values.
  • Continuously Learn About Your Chosen Niche and Sport
    • Stay updated with the latest trends, technologies, and best practices in your industry and sport to maintain a competitive edge.
  • Start a Website Blog
    • Create a blog on your business website to share valuable content, engage with your audience, and improve your online presence through search engine optimization.
  • Join and Participate in Sport Events
    • Get involved in relevant sport events to increase visibility, network with potential customers and partners, and build your brand’s reputation in the industry.
  • Establish Networks with Influential People
    • Build relationships with industry leaders, influencers, and key stakeholders to gain insights, support, and opportunities for collaboration.
  • Promote and Market Your Business, Both in Person and Online
    • Develop a marketing strategy that includes both traditional and digital methods to reach your target audience effectively. Utilise social media, email marketing, and personal interactions to grow your business.

Contact Mini Golf Creations, we would love to discuss the possibility of you having your own mini golf business.

Phone: +61 7 3823 2009
Email: minigolf@minigolfcreations.com