The Right Way to Start Your Coffee Business
Dream big, start small and value the importance of working hard for it.
The presence of these coffee shop industry giants should not discourage an aspirant to pursue the business he wants, always remember that we're all working for someone.
Coffee shops are a good investment just like any other food product is.
Undoubtedly the most important aspect of setting up a coffee shop (like any normal business) is deciding on a location.
It really depends on your preference but if you ask me, you would want your coffee shop to be around people who take the same path on an everyday basis or around college campuses.
Why there? People on the go usually don't have time to brew coffee anymore, if you're there, they turn to you for their everyday fix.
Coffee shops around schools seem is a good idea because students need that little quiet place to study.
Libraries don't allow drinks and food and most of these students would need pick-me-uppers to get through their studies.
It's simple.
It's logical.
Get your business plan straight.
It does not cost much to actually start a coffee business if you would stick to basics and drop gourmet coffee.
Leave the fancy coffee to the big players, work on your niche.
Offer something unique and make names for your coffee.
Know how much goes to production, to services and to lease if you're renting out the place.
It is important to see where your money goes and how it comes back to you (and to make sure it comes back).
Do not hold back on equipment.
It is of great importance that you have good, functioning equipment if you're going to run a coffee shop.
Here's a neat trick - hire one professional barista and then make him train the other less-experienced ones.
You'd be saving a lot in cost.
Starting a coffee shop business is not as hard as it looks.
Like in any other business ventures, you need to cover the basics first.
Get a credible supplier for coffee beans and other ingredients, get good equipment, get efficient manpower and make sure you have a good location.
To further entice customers you can join in the campaign that promotes coffee as an excellent source of antioxidants.
Bank on the fact that coffee does not only keep you up in the morning, it has also been linked to a lot of health benefits, including protection against liver and colon cancer, type 2 diabetes, and Parkinson's disease, according to some recently published studies.
Health buffs would be all over that but of course they know that already so aside from the health benefits, another angle to consider is the kind of warm environment that your place offers.
It's the secret of coffee shops.
The ambiance it offers makes people go back.