Like most of us, you probably can’t start your day without a nice cup of coffee. When you think how many people are actually like this, it’s easy to see that it makes for a good business.
If you’ve been thinking of having your own coffee shop, below are tips for you to begin with:
Develop a plan.
Don’t we all wish we had wholesale coffee suppliers at our beck and call? But remember, coffee is not everything there is to a coffee shop. Before anything else, it’s a business, so before you dive in, make a plan. But even this part isn’t just about finding good wholesale coffee suppliers or training to be a barista. You need to focus on the business aspect itself – how to make a profit, what strategies to use, how to market your brand, how to handle your competitors, and so on and so forth. All these must be done ahead of everything so you can have a smooth start.
Find a smart location.
Definitely, for a coffee shop to succeed, it must be in a busy place. And be warned that finding that ideal spot won’t be easy, so be ready to shop around. Remember, when it comes to coffee shops, location is key.
A good location is good for everyone, even for your future wholesale coffee suppliers – a good business for you is a good one for them too.
Save cash for personal needs.
Besides the costs of starting your coffee shop, you might have to spend for the needs of your business during the first few months. That’s one of the most important reasons to for save for your personal necessities. If you don’t, you might start spending money from the shop, and that can be disastrous – unpaid wholesale coffee suppliers, zero equipment maintenance, high employee turnover because of unpaid salaries, etc. The idea is to leave business money to grow upon itself so you can start the works for your second branch soon.
Having a great location and serving great coffee are crucial, but they’re still not enough. You should keep telling more and more people about your shop as you try to build a bigger customer base. For example, join local charities and give out free coffee. Search for other similar opportunities and take advantage of them. You can even partner with local wholesale coffee suppliers for this. Whatever you decide to do, put it on your your business plan.
Market before your opening.
Marketing before your coffee shop opens ensures you have a long line of people waiting once the big day arrives. More importantly, it’s a great way to build hype. The good news is there’s no need to spend too much on marketing, thanks to social media.