Themed Childrens Birthday Parties
Themed Childrens Birthday Parties
Q1: Financing and insurance
Idea Description
My idea is to have a place where children and their parents can choose a theme for their birthday party. The place would be set up according to their theme. Some of the themes would be Little Girls Dress up, Remote control car racing, Arts and Crafts, Dancing, etc. The party would include pizza, soda and cake.
What will you do if you win $10,000 for this idea?
Find a store to rent.
Vote for it now.
Financing via the SBA would make sense. They'll need a solid business plan with the research. The basis of the idea is practical. Working a partnership with a franchise like Baskin & Robbins or Chuck E Cheese would drive the valuation up as well. Look at ways you can take parents (the buyers) from no or maybe to saying yes. People pay for convenience. If you can bring food, drink AND entertainment you've got a total package. Look next to memory keepsakes with video and photos that are delivered digitally that the kids and parents both can share with those who couldn't attend and relatives.
On the insurance note, your risk metrics will be focused on what kind of devices and activities you are offering your customers. Secondly safety training of your staff will reduce these risks. The lower the risk, the lower your insurance premiums will be. Liability insurance is first.
Good luck.
Cheers.