Remember: what you deserve and what you qualify for are always two different things. This applies to people looking to start a paintball field or existing successful business owners looking for growth loans. Here are a few examples and see if you can relate.
I helped a business owner with a growth loan of $500,000. He had excellent credit and his long time business was thriving. He need some more capital to grow, the challenge was he had a current SBA loan. Traditional banks won’t do a business loan in second position to a SBA loan. Regardless of strong the business is or how great the credit. However we got him the loan at a great rate in-spite of what the traditional banks said.
I helped a 5 year + business get a micro cash loan to grow and expand. They had good credit and their business was on the rise, the banks and investors didn’t want to give him the full amount he needed because he was a home based business. They were penalizing him for being prudent and not wasting money on fancy office space. Makes no sense.
The moral of the story for people looking to start a paintball field or grow their existing paintball or entertainment business is this. It’s personal to you but not to the banks. All they see is numbers on a screen, they do not see common sense. Here at Money Paintball we know it’s personal to you and it’s personal to us. We want you to succeed and we will leverage all our investor and banking relationships to help you turn your dream into reality. The possibilities are always greater than the impossibilities at Money Paintball.
I just received an honorary doctorate over the weekend, very humbling and exciting. So what does this have to do with Starting a Paintball Field or any business for that matter?
For many of us, there is always something holding us back from pursuing our dream of owning a successful paintball, laser tag/ entertainment business. ( Read my previous blogs to fully understand the entertainment reference ) Sometimes, what is holding us back is permission. As a product of the public education system, I was “incarcerated” to a system that told me when to get up, when to sit down and when to be hungry, with the guidance of school bells, just like Pavlova and his dog. I never heard from my teachers, or principal or even my family that it was “ok” to start a business. Be it a paintball business or any other kind.
So now as a Ph.D I’m officially giving you permission to start your successful business. Go and do great things and live your dreams. We are here to help, with 100% financing, turn key solutions and even a franchise option, we can make your paintball dream a reality.
If your starting a paintball field, looking to grow your existing paintball field or just want to raise your profits, this blog is for you.
Disneyland is by far the Gold Standard for monetizing memories, however many of those formulas are a challenge to duplicate at a paintball field. So I’m going to use the famous nationwide restaurant Benihana for my example today. The founder was light years a head of his time, actually cooking in front of you and doing fun food tricks. 30+ years before Food network was even invented.
So why bring them up, well, if your celebrating a birthday or special event there, they take your picture and then print it out on the spot, then give it to you in a Benihana frame before you leave. It’s a great memory and a great keep sake to stick on the fridge. But again, not the easiest to duplicate at a paintball field.
Here is what you can do for FREE along the same lines, and it’s very effective. When doing private groups or birthday parties, have your head reff or field manager, grab some shots on their smart phone or your designated device. Take some shots in the staging area and also behind the nets of the birthday boy or group leader in action. Then approx 1 week later e-mail Mom or the group leader the pictures. With a little thank you for coming note and a request for them to refer some new business to you.
It works like a charm, Take Action and try it today! For more great idea blogs check out the bottom of MoneyPaintballGlobal.com
I was at the dentist not too long ago and I came across the People magazine with Angelina Jolie talking about a paintball wedding on the cover. Needless to say it got my attention! If your looking to start a paintball field or your a long time paintball field owner, pay close attention.
Most Americans and now the world want so desperately to do what movie stars do. Take advantage of this global FREE advertising campaign, courtesy of People magazine. This magazine is read by 42 million people and seen by over 150 million. That is half of the U.S. population! They have all seen the cover and thought; Hmmm, a paintball wedding, that’s interesting.
Do you advertise paintball weddings on your website now? Why not? Have you sent out an email blast to your existing customer list offering a paintball wedding? Take Action and do it right now, here is an example of what to say:
Subject line: Paintball Wedding like Brad Pitt and Angelina.
(Remember, the only purpose of a subject line is to get them to open the e-mail.)
Email Body: I’m sure you saw the recent People magazine talking about Brad Pitt and Angelina’s paintball wedding. Now you can do it too. Etc.. Etc… Etc… you can fill in the rest. Make sure to offer in the e-mail a special promo coupon, like a buy one get one free for all your customers that are not ready to get married : )
Don’t panic, you don’t need to hire a wedding coordinator yet! But this may turn out to be a home run for your paintball field. Are you going to do a wedding every weekend? Not likely, but you will book 100% more weddings by letting people know it’s available.
Next and most importantly, this article puts paintball on the front of people’s minds. Just like we talked about in previous blogs with Bud Light’s huge paintball campaign. Now that people are already thinking about paintball, they just need a good excuse to go play. Like a promo e-mail from you or a special Living Social campaign done right, where you actually make money. We can do that for you at no charge! Just give us a call 310-750-6218 or e-mail evan@moneypaintball.org
Actually it’s the popular “WhatsApp” that Facebook scooped up for $19 billion, give or take in early 2014. So what does this have to do with starting a paintball field or the paintball industry for that matter?
Owning a paintball field is very similar to the social media business explosion in this way, they both don’ t play by the rules. If you try to apply traditional business rules to “WhatsApp” or any of the recently purchased social media companies in the last 5 years, you will notice they all break the rules. Some would accuse Facebook’s owner Mark Zuckerberg of spending money like a drunken sailor and that all the recent companies he purchased for billions of dollars are over valued. Perhaps Mark knows something these “so called” experts that have never started a company do not.
These traditional rules of business do not apply to paintball either. Some do, but many do not, simply because owning a paintball field is one of the most forgiving business models out there. When done correctly you have massive margins and you can barter just about anything you need with a ” Free Play” coupon. These large margins allow you to make mistakes and still recover, unlike traditional businesses where one or two mistakes and your bankrupt.
With that said, I have seen many paintball field owners drive their businesses into the ground by simply snorting all their profits up their nose or finding numerous other vices to blow their cash on before the bank opens on Monday.
Numerous paintball field owners pocket all the cash ( approx 60% of revenue ) and simply report all the credit card transactions to the tax man. That’s a lot of cash on hand! Many can not handle it and they self destruct as the money “burns a hole in their pocket.”
The take away from all this is, to learn all you can from trusted advisers that actually know about the paintball industry and from trusted advisers about how to handle your wealth and your emotions.
For more great information keep reading the blogs below or visit www.moneypaintball.org
Before we look at the new game, let’s define the old game first. This applies to starting a paintball field or just life in general. The old game is waking up every day doing what you hate, go to work, come home, rinse and repeat. You were made for better than this. You are better than this!
The new game is doing what you love! The new game is spending time doing something you believe in! Something that will not only create wealth for your family but create a better community. Do you think Southern California and Orlando Florida are better off because Walt Disney built parks there? Do the same for your community, provide a safe place for people of all ages to go and have a great time!
For the most part people are not coming to your park to play paintball, they are coming to escape their problems and have a great experience with family and friends. Tom Staggs, the chairman of Walt Disney Company’s parks and resorts says it this way. ” We’re known for castles and tea cups and cruise ships, but at the end of the day, we’re in the experience business.” Step up and be the man or woman to provide this in your community, you will glad you did.
We are here to help with 100% financing, even if you don’t have perfect credit. We also offer consulting and even a Paintball Franchise that will skyrocket your success rate. Take Action on your dream today.
What is the #1 most important step when starting a paintball field? It’s not what you think. It isn’t raising capital or finding an investor, it isn’t finding potential locations or even picking your name. The #1 step is…
Decide! That’s right, you must decide to open your field. The Latin root word of decide means to CUT OFF or KILL , as in to cut off or kill any other alternative than to start a paintball field. Once you do this, the rest is just minor details.
Yes, you still need a name and a location and possible funding ( we we can offer by the way) but the most critical step of all for your success, is to make the decision to start your paintball field. Once you have cut off any alternative, then you can kill the nagging doubts like ” what if it doesn’t work.” etc.. Here is a thought, what if it does work? What if you make so much money you have to open 5 more bank accounts? Think about how much money you are losing by not opening your paintball field.
Take Action now and make a quality decision to start your paintball business today. We are standing by ready to help!
Many people looking to start a paintball field or looking to expand their paintball business are concerned about paying too much in interest rates. Part of this challenge is that we are bombarded with real estate interest rates all the time, 3.5% is all we see at the banks, hear on the radio and see on TV. However a businesses loan is in a different solar system than a house loan.
As you may have heard, over 85% of new businesses fail in the first 3 years ( our Paintball Franchise has a 100% success rate, but that’s a different blog). The point is, loaning unsecured money to a business is a huge risk, vs. a car loan or a house loan. Simply because the house isn’t going anywhere and with cars they can get them back fairly easily. With a business loan it’s next to impossible to collect when someone goes out of business. For this reason, start up and working capital loans require a higher interest rate to off set the risk, plain and simple.
So, how much is too much? I must point out that standard VC ( Venture Capitalist ) interest rates are 40% PER YEAR and they take ownership and control of your company. They do this to insure they get their 40%. VC’s sound really exciting and glamorous but there is much more than meets the eye. A great book about this that is a fun roller coaster read is Ryan Blairs Nothing to Lose and Everything to Gain.
Recently a paintball field owner called me and said he ran the numbers on his loan that he just paid off. He said, “ Evan, I just paid over $10,000 in interest, that’s too much! “ So I said, have you ever looked at how much interest your paying on your home loan? Then I asked him what his sales for the year was, he said “approx. $500,000.” He grew from $350,000 the year before. Then I said, don’t you think $10,000 is a small price to invest to get a thriving business that does $500,000 a year? Plus his entire payment and interest was all tax deductible. He then replied “ Wow, I never thought of it that way, your right, I got a great deal.” You see without his start up loan, he could have never started his business.
The bottom line is this: interest vs. opportunity. I believe the opportunity of owning a thriving paintball business is worth paying a little interest for. If your looking for start up financing for your paintball field or need working capital to expand, call my direct line at 310-750-6219 or e-mail evan@moneypaintball.org
Current paintball field owners and people looking to start a paintball field pay close attention. First off paintball insurance is really low, approx $1,500 to $4,000 per year depending on your field size, UNTIL YOU HAVE A ACCIDENT CLAIM!
A recent paintball field owner shared with me that his insurance just rose 10 TIMES because he had his first claim. Oh it gets better, the claim was not his fault! Some kid took his goggles off during a game and guess what, he got hit in the eye. I’m not going to bore you with the details of the claim and the attorney vs. the insurance company battles. To be clear, this paintball field owner runs a tight ship, he does 200 to 600 players a day and this was his very first claim ever.
The bottom line is this: A kid took his goggles off. As a paintball field owner you can have the greatest safety video, the best refs and the safest fields but you can’t stop a kid from taking his mask off, or can you?
Many paintball field owners make the mistake of using the cheapest rental masks they can find. Simply because the masks and the lenses get thrashed very quickly, so why bother paying more. I believe this is a HUGE MISTAKE and one that can save you $50,000 or even $5,000,000 in paintball insurance premiums over the life of your paintball field.
In all our rental paintball packages that we offer on emoneypaintball.net we include high end DYE rental masks THAT ARE VERY COMFORTABLE and fog resistant. If the mask is comfortable there is less of a chance that someone will want to take it off. I have tried on many a so called “rental mask”, only to rip it off my head in a few seconds because it hurts! So if your looking to start a paintball field or if your already a successful paintball field owner, choose a more comfortable mask, it’s a small price to pay to avoid the pain of high insurance premiums.
Yes, it’s true, the Denver Broncos players used paintball to help get them to the Super Bowl. As someone looking to start a paintball field or if your a current field owner, NFL stars like to play paintball. It’s one of the rare extreme sports their contract will allow them to do. Take advantage of this!
Denver Bronco star linebacker #59 Danny Trevathan and his teammate David Bruton recently played paintball at our Franchise Paintball Field in Denver Colorado, The Paintball Park Aurora. Danny was looking for a way to let off a little steam and have fun, but he soon realized how paintball makes you a better leader. The Bronco defense is seeing this payoff big time.
So if you looking to start a paintball field or grow your existing one, reach out to a local NFL team or any sports team for that matter. The marketing possibilities are endless. Send me an e-mail if you need some tips with this. evan@moneypaintball.org