← 10 Tips to Opening Your Own Club

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By Anslem Samuel | Published March 29, 2011 | Full size is 620 × 464 pixels

Many aspiring entrepreneurs dream of opening a hot nightspot that attracts A-list celebrities and a crowd eager to spend their money to take in the ambiance while sipping pricey wines and spirits. But this type of business is tricky. It requires the right décor, location, marketing, food and drink and sometimes a bit of luck to avoid the astronomical failure rate these ventures have to contend with. But don't close the doors just yet. Industry experts and successful entrepreneurs recommend the following steps to ensure you’ve got the best chance at winning in this highly competitive field.

Many aspiring entrepreneurs dream of opening a hot nightspot that attracts A-list celebrities and a…