A complete guide to starting a brand new carnival business
Opening a brand new carnival business is a humungous task indeed.
The challenges that people usually face in carnival businesses lie in financial investments where they face a lot of struggle to find a balance between their revenues and investments, especially at the beginning stages of their business.
The key is to go all in with an organized plan and build up business experience block-by-block from the very scratch itself.
Don’t try to do too much within a short period, and you may probably reach that goal you had set yourself at the start of your campaign. A slow but steady approach is the key.
In this article, we have provided a few proven tips and tricks that may come in handy for this exact purpose of yours. Let’s go through them without further ado.
Spend a few months with a professional carnival
That way you will learn all the ways through which you might be able to set up your business on a lean budget and attract customers in the best possible manner.
But the question is: How do you do that? You can’t just go to a carnival and ask the manager to inform you everything about their business tactics in general. If you do, it would be a hilarious disaster for you.
There’s only way via which you might be able to gain experience, and that is by taking a direct managing job at a professional carnival business. The job is possible provided they have a vacancy for the spot, and you have the necessary qualifications to apply for the same. Do you?
Create an organized business plan
Your organized business plan should dot all the i’s and cross all the t’s.
Your plan should be based on your experience, your projected budget, and your projected income. Here are a few tips for you:
· Make a detailed list of the rides and the games that you would want inside the park. What do you think would attract your customers the best? How can you use your lean budget in the best possible manner? Make sure you note them all down as thoroughly as possible. Take your time.
· Don’t forget to take into account those transportation costs that you will have to bear on your own for moving from place to place. And did you forget the generators as well?
· Then comes the topic of employees. How many full-time and part-time employees do you need? How many can you even afford? Make sure you get the answers ready in your plan section.
· So budget seems too much of a problem now; right? Feel that your mortgage is in danger as a result of it? Cut yours costs NOW! The risks aren’t worth it. Here’s an alternative tactic that may come in handy for you:
While going for the rides and the games, try to HIRE them individually from reputed sources at least at the beginning stages of your business. In that way, you might be able to save yourself a whole lot of money in the process.
P.S. If you are going for the hiring process (like a Ferris wheel hire or a carousel hire or a mechanical bucking bronco hire), make sure you get them from credible sources. You should never improvise on the safety of these equipments; otherwise, you may get into a whole lot of legal problems as a result of an accident (in case).
· Find out which licenses you need and their respective costs.
· Discuss on the insurance with your insurance agent.
Find investors
It’s quite a well-known fact that a carnival business costs a whole lot of money. One can seldom bear the entire cost on his/her own (even with a mortgage) unless s/he is a king or a queen.
You need to find credible investors for your business. Show them your detailed plan and your estimated revenue intake from your business, and you might just get lucky you know.
Plan execution
So you have got the money you need. Now, it’s the apt time to turn your plans into action.
· Get the rides (either hire or buy the same) and the equipment and decorate them beautifully.
· Hire experienced personnel carefully on part time and full time basis as per requirement.
· Look for the best insurance deal and seal it without further ado.
· Plan winter storage of your carnival equipments. A self-storage service can come in handy in such circumstances.
· Apply for local permits and plan your carnival’s professional itinerary.
· Start an effective advertisement campaign (via newspapers, internet, flyers, posters, etc.).
· And last but not the least, ensure that safety is maintained at priority.
So that pretty much covers everything I guess. Although it might look a bit too easy on paper, trust me; it’s not. But with proper planning and determination, you can surely reach your goal in due time. We wish you the best of luck with your endeavor.
