One of the most popular games in America is bingo as it can be played from different places and by different types of people. It is for this reason that starting a bingo business can be very lucrative. Here you need to keep in mind that each state has different regulations for bingo that you will have to adhere to before being issued with a licence. For you to have a successful bingo business it is important to follow a few guidelines.
Guidelines in Opening a Bingo Business
• First and foremost you will have to get free business plan template which can be downloaded from the internet and fill it. A business plan is meant to guide you, keep track of the business and help you identify challenges.
• Secondly you will have to identify the bingo license requirements in your area. In some states playing this game is considered as gambling while in some states it is only allowed if it’s for charity purposes.
• You should then ensure you follow all the procedures that are required of you to obtain the license. It is advisable to register the company first before applying for the bingo business license as this will make transfer easier in case you want to sell the business in the future.
• The next thing will be to find the ideal location for the bingo business. Here you will need to find a large, open room that is capable of accommodating a few rows of tables. You need to keep in mind that the larger the room the more people it is capable of accommodating hence the more money you are capable of getting.
• The next thing to do is acquire the bingo business equipments. These equipments will include tables, cards, balls and display boards among other equipments. There are many companies that provide these equipments so it is necessary to conduct a research to identify the most ideal.
• You will then need to employ personnel that will help you with the operations in the bingo business. One of these employees will be a caller who will be announcing the selected numbers. You will also have to employ people who will be collecting money, verifying the winning cards and paying the winners. If you will be having a concession booth and a child care centre you will also need people for this jobs. It is also important to hire a security guard given the amount of money that you will be getting.
• The last step in opening a bingo business is marketing it. You need to notify the people in your area about the opening date and this should include radio stations, newspapers and any other platform. You should consider giving out incentives on the opening day to help attract new customers.