No two coffee shops are the same due to the kind of
coffee they serve. Other things that differentiate each shop is the interior
and exterior decor.
Coffee drinkers in
America and Europe consume over 150 million cups of the brew. There are different types of coffee based on
the coffee seed used in the preparation of the drink.
Before starting the enterprise you need to put a few
things into place. To launch your enterprise you need to create a business plan
then conduct a feasibility study.
Hire qualified and dedicated staff and consider your overhead
expenses. Let’s look at a few ideas on how to open a coffee shop.
How
to Run a Successful Coffee Shop
Write
a Business Plan
You can hire a professional to write a business plan for
your enterprise. Other ways to create a good plan is getting a template online.
The template is only a guide on the formation and
parameters you need. Another method is
using live plan software to create a fund-able business plan.
Checkout coffee kiosk business plan, coffeehouse business
plans for ideas.
Learn
the Business
Before opening the doors to your coffee shop you need to
understand the industry. Study your competitors and customer base.
What kind of coffee are you going to serve your customers?
Things that affect the price of coffee are international price fluctuations and
availability of coffee.
To succeed you need to set a high standard for your
operation. Try to Micro-manage your employees for efficiency, high standards
and prompt customer service.
Despite the business having a simple template it is
demanding and slightly challenging. You need to have a positive attitude
despite the daily challenges you face.
Hire
Staff
Hiring good dedicated staff that carries your vision is a
herculean task. You need staff to mix the brew, waiters, cleaners and cashier.
You might hire a driver and an external accountant to balance your books.
Find
the Right Location
Finding the right location is very important to the
success of your enterprise. Things to look out for are size of shop,
environment, nearby buildings.
You need an area with high pedestrian and vehicular traffic.
Once you have found your ideal location create a floor plan.
The floor plan should add to the efficiency and running
of your establishment. The plan should consider seating arrangement, easy
movement of waiters and brew.
Study other successful coffee shops to see how their interior
design works. You can design your floor plan using online resources such as
autodesk, roomsketcher or floorplanner.
Another way is to hire a freelance or interior decorator.
Make sure the external look of your coffee shop is pleasing to attract
customers.
Funding
your Coffee Shop
Securing startup funds is moderately challenging. You
need to apply for a bank loan to start your business.
You need collateral and some personal funds including a
business plan. Fund your business through
savings or seek soft loans from friends and family.
Once in operation monitor your cash flow and set aside
some money for living expenses. It will take close to nine months before you
start turning a profit.
Paper Cup Manufacturing Business
Paper Cup Manufacturing Business
Create
a Spread Sheet
The spread sheet will account for inventory to run your
enterprise. Your inventory includes coffeemaker, furniture, coffee seeds and
other utilities. It also covers funding and daily expenditure during the setup
period.
Permit
and License
Join local chamber of commerce and associations in your
locality. They provide useful information on marketing trends and prices.
Register your business as a sole proprietorship or
limited liability company. Secure insurance and trade license including value
added tax.
Market
your Coffee Shop
Market your coffee shop through social media channels and
classified websites. Offer discounts, coupons and free samples.
Use signage, billboards, posters and flyers to attract
patronage. Promote the shop on newspapers and television advertisement. Lastly
offer quality product and service to your customers.
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