My friends and I are always on the lookout for ways to make money and usually we do. While sitting in a small bar/ strip club, I proposed the idea of us opening our own strip club. We planned it out so we would have 5 people to go in on it origianlly. My one friend has an economic/ business degree, my other friend a marketing degree, other friend- communication degree (his father is also a contractor and can build anything like stages and etc), fourth friend- a computer science degree (he can make the website and run it) and I have a public relations and multi media degree. We would all wait four years and each save $40,000, on top of that we would take out a couple hundred thousand dollar business loan. After paying back loans and making intial investments back we would buy out 2 of the initial investors (2 of them agreed to drop out after some time to start families). Anyhow we know some people and are going to get to interview (pick the brain of) a strip club manager. As for starting out, We would be able to be our own djs, we are experienced at bartending (somewhat), we have connections to hot girls, and the marketing degree friend is related to a security gaurd business owner (security). We have been looking into zoning and all of that too. I know this may sound impossible, but we want to have the best girls to dance in our club (drug free and no prostitutuion )Do you think we have a shot at making this happen, or do you think there being so many of us, we will eventually kill each other?
      Answer1:yes if you are gay you should
      Answer2:I wouldnt. Its a risky business, and its not recession proof, meaning, that when economic times are bad, youll lose alot more business than you would if you sold an essential commodity
      Answer3:I wouldnt do it at the moment, its very risky right now.
      Answer4:Your plan sounds perfectly plausible to me, but I have to admit that I know nothing about the field you are thinking of entering. I do think youve over-simplified it somewhat on how you are going to get set up, but thats not the biggest problem that I see.What IS the problem though is the fact that there are four of you going together (apparently as equal partners). Thats going to be the problem...sooner or later one of a couple of things will happen:1. One of the partners will think hes doing MORE work than the others in the business or that another partner is doing way to LITTLE... Conflict right there.2. One or more of you will not be willing to go along with the consensus of the other three in a specific business decision and will walk out ... meaning hell just refuse to do his part...and you still have a partnership agreement in force (meaning he owns 1/4 of the business)... hard feelings result all the way around.In other words, you cant have four guys/girls working together without hurt feelings arising sooner or later...and that will destroy the partnership.I know you dont believe this. (I can hear you saying "but we have been friends for YEARS...we wont do THAT!") Youll go ahead with this project I bet and, down the road youll say, "you know, that guy was right...why didnt we listen to him."The only way this could work would be for you all to form a limited partnership and have ONE of you be the managing partner. The Managing partner makes all of the decisions and runs the business, merely reporting monthly to the other three. The three certainly can make suggestions, but the decision is the main partners.Write into the partnership agreement EXACTLY how its going to be run and, most importantly, exactly how the partnership can be ended...by going broke, by buying one or more of the investors out..etc.Ideally it should be a closely held corporation, but that takes time and money to set up.Whew! Is that enough to think about?Good luck though. (Oh, send me a couple of free passes when you get opened)
      Answer5:At least one of you should go work in one for a couple of years. There is more to it than you think. And forget about being a DJ or bartender, you need to be free to roam and manage the place if it is any reasonable size. Forget the website guy, totally unimportant and you can get one made a for a few hundred bucks or less.It is a reasonable plan, if a bit idealistic. Sounds like a lot of partners though.
      Answer6:sounds great! you guys have a great plan and wonderful connections! i didnt know that it cost that much to open a club. i thought the $40,000 each would be sufficient...good luck!