Everybody likes coffee. Students, business people…almost everyone loves to sit in a coffee shop to talk and discuss things over a steaming mug of coffee. That’s why coffee shops are one of the most profitable business endeavors today. So how do you set up your own coffee shop? Well, you can make a great start by learning what goes into running your company smoothly.
Here are easy to follow steps for opening your own coffee shop.
Draft your business plan. A written account of every detail regarding your business venture should be carefully planned. This way, you will have a map that will track your growth and development. You’ll know what should be done on a step by step basis. You won’t miss anything, and you can be assured that everything you do will run smoothly. Here you can also put together contingency measures should anything go wrong. This is a guide book that will put you in the right direction. If you don’t know how to make one, there are professionals you can consult. Do a bit of research. The Internet abounds in business plan templates that you can adapt. Just put your personal goals in it to have it your way.
Think of what you want to name your coffee shop. This is important in all branding strategies you’re going to use. This must go hand in hand with the theme you want to set-up. This is how you want your customers to recognize you. There are a lot of interesting or generic names you can choose from. What’s important in choosing your name is how it mirrors the character and personality you want your coffee shop to have. Also, you may want to check with your department of trade or chamber of commerce to see if the name has already been used by other companies.
Register your corporation with your local Chamber of Commerce. This is pertinent to any business entity. The cost may vary depending where you are. This also includes your tax registration with your local revenue service office. It may take a couple of weeks in preparing all your paperwork for this stage. You might want to seek help from local consulting firms so you won’t get lost along the way. It may come with a minimal cost, but it’s worth it.
Where do you plan to set up your coffee shop? The location is of utmost importance. You want to put it somewhere where you can get a large pool of potential customers. Go for places near business districts such as shopping malls or anywhere that people will notice you. Imagine putting your coffee shop in an obscure area. Do you think people will come visit you? Of course not. Avoid places where you might get a lot of competition. As a new business, you still have to establish your name, and with competing coffee houses next door, it may be quite unhelpful.
Plan your gourmet menu. Stick with the basics of tea and coffee, but squeeze in your personal style. You can make your products unique to create hype; something that will draw attention and make your customers come back.
Make a detailed check list of all the supplies you need to purchase. From beans, espresso, roasting equipment, cups, and utensils, to furnishings that your coffee shop will require. Of course, make it coherent so you exude your theme. Don’t just pick everything at random.
Establish your manpower. Hire employees and train them on the basic facets of the business.
Create advertising and promotions, and plan your grand opening. After all these preparations, then you’re all set to start operations.
Keep your company on the leading edge of your industry by taking online courses in business management, finance and marketing.