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“WOW…there is a lot to think about! Thanks for putting together an amazing package. Definitely worth the investment.” – Tony Mehta, FL
“So far the info [in the Operations Book] is great for brain storming and sorting out a place to start.” – Brad Kempster, CA
“I’ve already learned alot from your business plan.” – Dan Aronson, MO
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“Thank you for putting together such a fabulous business plan and making it available for purchase. It has helped my partner and I immensely…and saved me ALOT of time!” – Kylie Searle, Australia
“I purchased your business plan, in reading it over so far, we seem to have a very similar vision of what we want in our pool halls and the atmosphere we want to obtain. I think it’s great what you’ve done and I thank you for making this information available to me. I’ve had this vision for several years and for whatever reason I’ve never pulled the trigger…Not this time!” – Jody Frye, TX
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Please click on this link to access your Startup Guide ebook.
Sounds easy right? Here’s the thing, what ties these steps together is a well written business plan. In step one you get your vision on paper. How big is the room you want? How many tables? Is the decor upscale or more working class? What food and beverages will you sell? Do you want a full bar and kitchen?
Putting your vision on paper guides your research into the startup and operating costs (step 2). For instance, an upscale room catering to social players may require a location in a hip part of town with higher rents, versus a family oriented room in a more commecial part of town. A room selling snack and sodas needs less capital to start than one requiring a full kitchen and bar. Both will have very different sales and expense projects as well.
Finally, you need to execute! You have to put in the work. Write the plan, talk to bankers, commercial real-estate brokers and landlords, take bartending or business courses if you don’t have the skills, do your research. And along the way continue to update and tweak you business plan. If you take consistent action I guarantee you will realize your goal of owning a pool hall business.
Despite all my prep work, I still made mistakes that cost me a lot of money. In this ebook I share my experiences in the hope you’ll be empowered to continue with your dream and avoid costly pitfalls. FREE when you buy the three book bundle.
I have written a series of articles on different aspects of starting and operating a pool hall. Read them for insight into what you can expect as a pool hall owner. Click here to access the Articles library.
The first purpose of this manual is to help you avoid the kinds of mistakes that cost new owners thousands of dollars. The second is to give you some knowledge about the billiard business which will help you get the best return as quickly as possible. Third, the manual will help you make profits over the long haul by establishing a “customer building” approach to your business. Finally, it will help existing rooms to become more competitive and more profitable. Click here for a preview.
The bar is going to make or break your business. After you read this book you will have an understanding of the bar business that would take years to learn on your own. It gives you the know how and processes to interview, hire, train and retain the right bartenders and servers. It includes an inventory control program for liquor, bottled and draft beer, and wine “by the glass”. You’ll learn how to deter bartender theft, price drinks, increase sales, and the laws related to the bar business. Click here for a preview.
You are going to have a lot of questions along the way. I certainly did. The internet, your professional support team, friends and family (especially small business owners) are all great resources to leverage. But there may be times when you need to speak with someone that has done what you are trying to do. Maybe its discussing realistic sales and expense projections for your business plan, or you have questions about location selection, or you simply have hit a wall and don’t know what to do next. If you feel you need help, I make myself available for 1-on-1 consultations. To learn more about booking a 1-on-1 Consulting Session click here.
Your dream of owning a pool hall will become your reality if you properly prepare and execute your plan.
My hope is that you find the resources on this site helpful. Remember, you don’t have to go it alone. Feel free to drop me a note at PoolHallBP@Gmail.com. I answer every email and love hearing about your success.
TOKYO (AP) — Japanese technology group SoftBank swung back to profitability in the July-September quarter, boosted by positive results in its Vision Fund investments.
Tokyo-based SoftBank Group Corp. reported Tuesday a fiscal second quarter profit of nearly 1.18 trillion yen ($7.7 billion), compared with a 931 billion yen loss in the year-earlier period.
Quarterly sales edged up about 6% to nearly 1.77 trillion yen ($11.5 billion).
SoftBank credited income from royalties and licensing related to its holdings in Arm, a computer chip-designing company, whose business spans smartphones, data centers, networking equipment, automotive, consumer electronic devices, and AI applications.
The results were also helped by the absence of losses related to SoftBank’s investment in office-space sharing venture WeWork, which hit the previous fiscal year.
WeWork, which filed for Chapter 11 bankruptcy protection in 2023, emerged from Chapter 11 in June.
SoftBank has benefitted in recent months from rising share prices in some investment, such as U.S.-based e-commerce company Coupang, Chinese mobility provider DiDi Global and Bytedance, the Chinese developer of TikTok.
SoftBank’s financial results tend to swing wildly, partly because of its sprawling investment portfolio that includes search engine Yahoo, Chinese retailer Alibaba, and artificial intelligence company Nvidia.
SoftBank makes investments in a variety of companies that it groups together in a series of Vision Funds.
The company’s founder, Masayoshi Son, is a pioneer in technology investment in Japan. SoftBank Group does not give earnings forecasts.
Shopify Inc. executives brushed off concerns that incoming U.S. President Donald Trump will be a major detriment to many of the company’s merchants.
“There’s nothing in what we’ve heard from Trump, nor would there have been anything from (Democratic candidate) Kamala (Harris), which we think impacts the overall state of new business formation and entrepreneurship,” Shopify’s chief financial officer Jeff Hoffmeister told analysts on a call Tuesday.
“We still feel really good about all the merchants out there, all the entrepreneurs that want to start new businesses and that’s obviously not going to change with the administration.”
Hoffmeister’s comments come a week after Trump, a Republican businessman, trounced Harris in an election that will soon return him to the Oval Office.
On the campaign trail, he threatened to impose tariffs of 60 per cent on imports from China and roughly 10 per cent to 20 per cent on goods from all other countries.
If the president-elect makes good on the promise, many worry the cost of operating will soar for companies, including customers of Shopify, which sells e-commerce software to small businesses but also brands as big as Kylie Cosmetics and Victoria’s Secret.
These merchants may feel they have no choice but to pass on the increases to customers, perhaps sparking more inflation.
If Trump’s tariffs do come to fruition, Shopify’s president Harley Finkelstein pointed out China is “not a huge area” for Shopify.
However, “we can’t anticipate what every presidential administration is going to do,” he cautioned.
He likened the uncertainty facing the business community to the COVID-19 pandemic where Shopify had to help companies migrate online.
“Our job is no matter what comes the way of our merchants, we provide them with tools and service and support for them to navigate it really well,” he said.
Finkelstein was questioned about the forthcoming U.S. leadership change on a call meant to delve into Shopify’s latest earnings, which sent shares soaring 27 per cent to $158.63 shortly after Tuesday’s market open.
The Ottawa-based company, which keeps its books in U.S. dollars, reported US$828 million in net income for its third quarter, up from US$718 million in the same quarter last year, as its revenue rose 26 per cent.
Revenue for the period ended Sept. 30 totalled US$2.16 billion, up from US$1.71 billion a year earlier.
Subscription solutions revenue reached US$610 million, up from US$486 million in the same quarter last year.
Merchant solutions revenue amounted to US$1.55 billion, up from US$1.23 billion.
Shopify’s net income excluding the impact of equity investments totalled US$344 million for the quarter, up from US$173 million in the same quarter last year.
Daniel Chan, a TD Cowen analyst, said the results show Shopify has a leadership position in the e-commerce world and “a continued ability to gain market share.”
In its outlook for its fourth quarter of 2024, the company said it expects revenue to grow at a mid-to-high-twenties percentage rate on a year-over-year basis.
“Q4 guidance suggests Shopify will finish the year strong, with better-than-expected revenue growth and operating margin,” Chan pointed out in a note to investors.
This report by The Canadian Press was first published Nov. 12, 2024.
TORONTO – RioCan Real Estate Investment Trust says it has cut almost 10 per cent of its staff as it deals with a slowdown in the condo market and overall pushes for greater efficiency.
The company says the cuts, which amount to around 60 employees based on its last annual filing, will mean about $9 million in restructuring charges and should translate to about $8 million in annualized cash savings.
The job cuts come as RioCan and others scale back condo development plans as the market softens, but chief executive Jonathan Gitlin says the reductions were from a companywide efficiency effort.
RioCan says it doesn’t plan to start any new construction of mixed-use properties this year and well into 2025 as it adjusts to the shifting market demand.
The company reported a net income of $96.9 million in the third quarter, up from a loss of $73.5 million last year, as it saw a $159 million boost from a favourable change in the fair value of investment properties.
RioCan reported what it says is a record-breaking 97.8 per cent occupancy rate in the quarter including retail committed occupancy of 98.6 per cent.
This report by The Canadian Press was first published Nov. 12, 2024.
