Create a Complete Business Plan to be Successful

A Golf Tournament or Outing is a small business. You need a business plan to be successful. What are the key ingredients in a Tournament Business Plan?

Here are the things that you will need:

Objective: What type of event are your hosting?
Purpose: Why are you doing this?
Process: How will you make it happen?
Strategy: What is the angle that makes your event different?
Marketing Plan: How will you reach golfers and sponsors?
Data base of Golfers: You need a big list
Data base of Sponsors: Everyone’s contacts and relationships
Budget: Income, expenses and contingencies
Responsibilities: Who is doing what?
Action Items and Time Line: Give your self 6 months to plan
Golfers Package: What are the golfers getting?
Sponsor Packages: Offer sponsors a return on investment