Thursday, June 26, 2008

Weekly Brief Numero Uno

I'm gonna try doing these on the weekends, but I'll play a little catch-up right now.

Last week:
-May have secured a 3-year contract for organic hops. I don't want to jinx myself by revealing too much, and I'll have a better idea of where I stand in a month.

This week:
-Expanded the income statement into a 5-year forecast.
-Reviewed the first draft of our operating agreement. Mmm... 50 pages of legalese.
-Walked through a vacant restaurant. I'm not sure that I should mention specific places we're checking out, so I'll show some restraint for now.
-My beer fridge temperature is already set to 'lager', so I might as well brew a Dusseldorf Altbier tomorrow (like lagers, alts are traditionally cold-aged).
-Spread some RePublic love while partying with Furthermore and Metropolitan Brewing!

Next week:
-Do some market research to support the revenue prediction that all of my financial projections are based on. Everything I've read says "just pay for a dang feasibility study." I'll look into the merits of that next week.
-Talk with an accountant who has experience with restaurants, startups and LLCs (is that a lot to ask?) to review my pro formas before I stuff them into the business plan.
-Set up an appointment to check out another vacant bar.

1 comment:

Anonymous said...

You should get a hold of Jason and try to get contact information for his buddy JP. He owns some restaurants, I think 3, and could provide you some useful information about the business side of things. He's a good guy and would probably be more than willing to help you out. Any good information from that book I lent you?