Every entrepreneur has experienced the challenge — you’re passionate about starting a new business but don’t have enough capital. However, with the right business plan, you can determine a budget without breaking the bank, especially when it comes to launching an internet café franchise such as a sweepstakes café.
Sweepstakes companies come in all shapes and sizes. Some are large with more than 30 computer terminals, fully-stocked snack bars, and several staff members, while others are tiny businesses with no more than a few computer stations. The goal is to launch a business you can afford. Not all sweepstakes companies have to cost several hundred thousand dollars. In fact, there have been many successful startups that cost as little as three thousand dollars. The most important factor to consider is not going over your budget. This is possible by cutting costs from nearly every aspect of the business, ranging from marketing materials to office supplies. For example, you can purchase a multi-purpose fax machine and printer in one. You can even consider hiring interns for school credit instead of full-time employees. Consider starting with one phone card sweepstakes machine, and a few computer stations. A great way to stick to your budget is to hire a consulting firm to help you draft a realistic business plan.