By Candra Subra
Like many coffee lovers, you may be planning to open your own coffee shop soon. To operate this business is not as easy as it seems. The potential challenges are enormous but if you can overcome them, it can be very rewarding. Read on for five tips you can use to open a profitable coffee shop.
Before you open coffee shop, you need to complete you research work on your market. There are many different types of coffee shops as consumer tastes are different. If your overall coffee shop environment is comfortable for chilling out and your products are great, you can appeal to a broader consumer base. Even if you have all these handled, you need to be competitive price wise. You need to ensure that there is market for your product price range or you may have to price your products according to the market demands.
Next, you need to know intimately what other players are doing right that attracted the crowd. To do so, you need to come out with a good checklist that shows the type of products they are offering and the kind of renovation they are making. Then, you need to work extra hard to compete in terms of quality and price. Do not copy them blindly. Instead, come up with a unique angle that your customers will appreciate.
Then you need to ask people in those competing places what they like about them — and what would have to happen to make them like them even better. Next, ask them what might lure them to the competition. Is it the coffee? Is it the variety of fancy drinks? Is it the ambience? It could even be the reading materials that you provide free of charge.
You also need to find out about the competition. Maybe you can beat them by being open when the others close? Then again, be sure there’s a ready market at those times, or else you’ll be paying for your employees to be all by their lonesome selves. Maybe there’s a reason why the others are closed at those times.
Finally, you need a coffee shop business plan. Basically, it is a document stating what you need to do before you open a coffee shop. If you are not sure, it is better to educate yourself before committing your finance into the business. Start by working on your business plan first.
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MLA Style Citation:
Subra, Candra "Warning! Do Not Open A Coffee Shop Business Until You Have Read This!." Warning! Do Not Open A Coffee Shop Business Until You Have Read This!. 26 Jun. 2010. uberarticles.com. 19 Oct 2015 <http://uberarticles.com/business/do-not-attempt-to-open-coffee-shop-before-reading-these-shocking-truths/>.
APA Style Citation:
Subra, C (2010, June 26). Warning! Do Not Open A Coffee Shop Business Until You Have Read This!. Retrieved October 19, 2015, from http://uberarticles.com/business/do-not-attempt-to-open-coffee-shop-before-reading-these-shocking-truths/
Chicago Style Citation:
Subra, Candra "Warning! Do Not Open A Coffee Shop Business Until You Have Read This!" uberarticles.com. http://uberarticles.com/business/do-not-attempt-to-open-coffee-shop-before-reading-these-shocking-truths/
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