1. Understand the Industry
The sports facilities management industry to which the artificial grass football field system business belongs is indeed an active industry; industry participants are basically involved in indoor and outdoor sports and sports leisure venues, venues, and facilities.
It should be noted that this industry does not include businesses such as health centers, fitness centers, or gyms. The industry is driven by rising consumer spending on sporting events and rising participation in organized sports, particularly at the community level.
The industry has experienced steady growth over the past five years, driven by steady growth in consumer spending on entertainment and culture and increasing spectator sports participation.
While overall sports participation is now about the same as it has been over the past five years, amateur sports participation peaked in 2012 and 2013, increasing revenue for local, community, and grassroots facility operators.
Government investment in large-scale sports projects is a major source of revenue for industry players, and large-scale redevelopment projects have also contributed to revenue growth over the past five years.
The sports facility management industry is indeed a very large industry and is booming all over the world, especially in developed countries such as the United States, Canada, the United Kingdom, Germany, Australia, and Italy.
2. Conduct Market Research and Feasibility Studies
- Demographics and Psychographics
The demographic and psychographic makeup of people who patronize football stadium facilities spans organizations and individuals.
Schools, football clubs, and individuals who don't have a place to play football or any football game will always look for indoor and outdoor sports facilities around them, so the demographic makeup of indoor and outdoor football facilities is all-encompassing.
The fact is that when it comes to playing football or watching a football match, there is indeed a wide range of customers available; every adult and child, male or female, is a potential customer.
Therefore, if you are considering starting a football stadium facilities business, you should make your target audience all-inclusive. It shall include individuals, schools, football teams, business organizations, community associations, religious organizations, and visitors in the area where the football field facility is located.
3. Decide Which Niche to Focus On
It is important to point out that there are no niche areas in this business area. The reason for this is that football stadium facilities are a niche market in the sports facilities management industry.
Industry Competition Level
The competition that exists in the football stadium facilities business is not limited to competition between football stadium facilities in your area, but also among every player in the indoor and outdoor sports facility management industry that provides facilities for people to play football in your area and surrounding areas. competition between. Therefore, it can be said that the competition in the football stadium facilities business is very fierce.
The truth is, no matter how competitive the industry is, if you do your due diligence and brand and promote your services or business correctly, you will always make headway in the industry. Just make sure you provide your customers with a highly secure football stadium facility and that you know how to attract and reach your target market.
4. Understand the Main Competitors in the Industry
As we all know, in every industry, there are always some brands that perform better than others or are more recognized by customers and the public.
Some of these brands have been in the industry for a long time, while others are known for the way they've done business and the results they've achieved over the years.
Economic Analysis
If you want to run a successful business and maximize profits, then you need to make sure you do your economic and cost analysis correctly and, where possible, try to adopt best practices from the industry in which you choose to operate.
You are developing an economic and cost analysis, and you should conduct a thorough market survey and calculate the cost of renting a facility large enough to accommodate a full-size football field (including spectator stands, and locker rooms).
In addition to this, if you are considering opening a football stadium facility, your concerns should not be limited to the cost of registering a business, obtaining the required licenses, renting and equipping the facility, but also focus on branding and how to set up a football stadium facility, establish What a strong customer base.
5. Decide Whether to Buy a Franchise or Start from Scratch
If you plan to open a football stadium, you have to start from scratch because it is difficult to get a football stadium franchise. This is a business open to everyone.
Furthermore, building a football stadium from scratch is simple and not as complicated as one might think. For football stadium facilities, you should try to obtain the correct business licenses and permits wherever possible, ensure a standard and safe facility, the required equipment and supplies, establish business relationships with key stakeholders, and then utilize every marketing tool in-house You can use the Internet in particular to market your services.
6. Select the Most Appropriate Legal Entity
Generally speaking, you can choose between a general partnership, a limited liability company, or even a sole proprietorship for a football stadium facility. Generally, a sole proprietorship should be the ideal business structure for a small football stadium, especially if you are just starting out, have modest start-up capital, and only cover a small community.
However, if your purpose is to grow your business and provide services to customers in your state and throughout the United States of America, then choosing a sole proprietor is not an option for you. An LLC, LLC or even a general partnership will work for you.