Forums: Discussions for entrepreneurs and small business.

" Until now, our city has not had anybody put forth the effort to have an entertainment facility that has all of your entertainment needs in one stop. " There is probably a reason why. A quick search shows that your city only has 120k people. The population has to be large enough to support a business of that size. Arizona unemployment stands at 8.7% ( http://www.google.com/publicdata/explore?ds=z1ebjpgk2654c1_&met_y=unemployment_rate&idim=state:ST040000&fdim_y=seasonality:S&dl=en&hl=en&q=arizona+unemployment ) Which is inline with the national average. You not only have to have the population, but also the people with the disposable income.

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These things are popular in tourist areas. Even our city doesn't have something like this and its twice the size of yours. 

 

Your trying to cater to everyone and its a recipe for disaster imo. It's like a band that tries to appeal to everyone by doing country, metal, classical and jazz... Instead, specialize in something and focus on that.

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Rock!tS,

Based upon my experience, I would advise that seeking $5 million for a project which is in the very early formation stages is likely to be very challenging. Consider what you can accomplish with a somewhat smaller amount that will move the project forward and allow you to increase the valuation to the point where you can ultimately "command' the full $5 million.

 

 

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