After a lifetime interest in everything, coffee can be your inspiration to open your own coffee house. But the interest in coffee alone is not enough: you must also build your new business based on sound business principles.
When conducting a type of business, it is smart to start a solid business plan. It allows potential investors, partners and suppliers to understand the heart of how your new business should be structured.
If you are interested in creating a coffee plan, here are the 7 essential elements:
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This introductory section of your business plan may not contain more than two pages. It should emphasize the key elements of your plan. Put some sales in the summary summary: Remember some of you who read this may be potential investors. Your goal in this section is to inform the reader - and at the same time encourage the rest of the plan to end.
2. Summary of business:
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In the corporate summary of your coffee business plan, they present a description of your business. Add all the facts, such as the intended name of the coffee, owner's name or owner, and any information that describes the events that led the idea to the company.
3. Overview of the management team:
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The credibility of a new company always depends on the credibility of your management team. The purpose of this section of your plan should be to impress the reader with the reliability and credibility of your team.
4. Product and customer segmentation strategy:
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Each coffee shop serves a slightly different group of people. Are you traveling according to the number of passengers? Types of lounging book lovers? Mothers who stay home? Write down the details as your choice of target market will affect your choice of products.
5. Keep design ideas, equipment options and general environments:
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In this section, write details about the subject you are looking for in your new business. For example, will it be ultra modern, contemporary, old-fashioned, European, Bohemian, etc.? Describe the type of customer you target (see # 4 above) and wrap it in your ideas about the overall design and atmosphere of your coffee. One of the biggest factors to consider is your choice of equipment; The wrong equipment can really be out of place if it does not fit your intended environment.
6. Suggested location and market analysis:
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Successful coffee makers know that this location is particularly important. Your coffee shop must be located near a main street, business park, residential area or shopping center. Suggest a handful of suggested specific locations for your new business.
7. Financial Plan:
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A successful company is one that can speed up sales fairly quickly with the aim of earning more revenue than needed to maintain the company. Use a good spreadsheet program to make assumptions about items such as number of customers per day, average earnings per sale, and the value of indirect (or fixed) bet.
Tip: If you're challenged with numbers, you're right: just write your assumptions, ask a friend, family member or paid adviser to help you make the math.