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The Magic Cafe Forum Index » » Tricky business » » Writing a Business Plan for FBLA Competition (0 Likes) Printer Friendly Version

Cody Comet
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Loyal user
Louisville, KY
201 Posts

Profile of Cody Comet
I'm a Senior in High School and I'm the president of my school's chapter of Future Business Leaders of America. In April, we have our state conference where members can compete in many different areas of business. Since I needed to write a business plan for my magic anyways, I decided to compete in the Business Plan competition. So from any of you all who have gone through the business plan writing experience, do you all have any tips on writing a magic business plan?

My website is codycomet.com if you all want to get a feel for how my business is set up.
Scott Burton
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Inner circle
1131 Posts

Profile of Scott Burton
Hi Cody,
I have won local business plan competitions and have also competed in international competitions (university/college level). I also have education and real-world experience in this area.
My advice for you is simple: given the huge breadth of this topic (which could never be covered in a forum adequately), I suggest you visit your local library and start studying the contents of all the books they have on business plans.
A magic business is no different than any other type of service business so the essentials are the same.
It's actually fun - especially as it could very well be the blueprint for your dream!
Good luck and have fun!
Scott
Sam Sandler
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Inner circle
2484 Posts

Profile of Sam Sandler
Well Scott, sure make the kid do the work himself HUH Smile

I was pres of my FBLA and member of DECA I made it to nationals and came in 5th for my business plan.

that was many moons ago!

although I made a joke in my open remarks Scott is right that going to the library will be the most informative for you however search the net as well.

keep in mind one thing Feel free to think outside the box. magic although a business it is a unique business.

good luck

sam
sam sandler- America's only full-time DEAF Illusionist
http://www.samsandler.com
http://www.deafinitelymagic.com
rockthemike
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Special user
Seattle
694 Posts

Profile of rockthemike
4 year DECA member/president and State Officer here Smile
*bragging
Michael Wong
Wizard
http://michaelwong.says.so
Bill Hegbli
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Eternal Order
Fort Wayne, Indiana
22389 Posts

Profile of Bill Hegbli
Magic business is not as easy as one may think if one has the desire for high paying work. Most of that would mean devising an act that can play around the world in many countries.

Norm Nielsen became a very successful magician working in Europe. Bob Brown and Brenda worked around the world as well. Channing Pollack as well worked in America and Europe. I would like to see a business plan for such service as these performers.

There are many magicians that work solely for Cruise Ships, a business plan for this would be interesting as well.
Bob Sanders
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Grammar Supervisor
Magic Valley Ranch, Clanton, Alabama
20496 Posts

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Best wishes from an old university business professor! Convince them!

Bob Sanders
Magic By Sander
Bob Sanders

Magic By Sander / The Amazed Wiz

AmazedWiz@Yahoo.com
Al Angello
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Eternal Order
Collegeville, Pa. USA
11047 Posts

Profile of Al Angello
Cody
So you want help with your homework eh? I'm afraid if you ask Scott too many questions they may detect the ringer. LOL
Al Angello The Comic Juggler/Magician
http://www.juggleral.com
http://home.comcast.net/~juggleral/
"Footprints on your ceiling are almost gone"
Octarine Prince
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Regular user
111 Posts

Profile of Octarine Prince
MBA here (business plan comp local winner). Business consultant

I didn't realize there was such a disproportionate amount of people with formal business education on this web forum. That is very nice.
Cody Comet
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Loyal user
Louisville, KY
201 Posts

Profile of Cody Comet
It's nice to hear from everyone, especially all the MBA's and FBLA/DECA alumni! My initial worry was that the judges wouldn't think a magic career wouldn't be "realistic" enough, but from the research I've already done, a point was made that service businesses like magic have an advantage b/c they don't have to buy the start up equipment that a merchandising business does. Which is very encouraging as I embark on this journey.

Keep the good advice coming folks!
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