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How do you open a coffee shop?
I want to open a coffee shop.
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david’s Answer
Hi, brianna,
Patrecia gave excellent advice, as there is much to do. Just to focus on the mechanics involved, here are some of the issues to consider:
- You will probably need to work at least ten hours a day, six days a week, and use much of the seventh day to handle paperwork.
- you will probably need to hire at least three people, one of whom to be in charge on your day away.
- with employees, you will need to handle salaries, taxes, benefits, insurance and other aspects of managing employees, including filing federal reports
- you will need insurance for the business property and liability insurance against injuring customers
- you will need various licenses to open the business and regular checkups by the local health department
- whether getting a franchise or building from scratch, you may well need $100,000 or more in an available bank account to set up the business and install all of the needed equipment
- a tax consultant and lawyer on retainer will be important
- you will need sufficient funds to handle business and personal expenses for several months, as new businesses do not show a profit initially, due to the high cost of startup.
I don't want to discourage you, but I wanted you aware of some of the issues of starting a business. This can provide lots of pleasure for you, but knowing the challenges up front always helps. I wish you the best.
Patrecia gave excellent advice, as there is much to do. Just to focus on the mechanics involved, here are some of the issues to consider:
- You will probably need to work at least ten hours a day, six days a week, and use much of the seventh day to handle paperwork.
- you will probably need to hire at least three people, one of whom to be in charge on your day away.
- with employees, you will need to handle salaries, taxes, benefits, insurance and other aspects of managing employees, including filing federal reports
- you will need insurance for the business property and liability insurance against injuring customers
- you will need various licenses to open the business and regular checkups by the local health department
- whether getting a franchise or building from scratch, you may well need $100,000 or more in an available bank account to set up the business and install all of the needed equipment
- a tax consultant and lawyer on retainer will be important
- you will need sufficient funds to handle business and personal expenses for several months, as new businesses do not show a profit initially, due to the high cost of startup.
I don't want to discourage you, but I wanted you aware of some of the issues of starting a business. This can provide lots of pleasure for you, but knowing the challenges up front always helps. I wish you the best.
Updated
Patrecia (Trish)’s Answer
Hello! I've never opened a coffee shop before, but I have started a small business with my son and husband. I can offer some guidance on how to begin something you're passionate about.
First, conduct research to figure out where you want to open your coffee shop. Consider what type of coffee shop you'd like to own - a franchise or an independent one. Identify your goals and write them down. Then, search online or in your local area to see how many coffee shops already exist in that location. This will help you decide if the location is suitable.
Next, determine the scope of your store by deciding if you're introducing something new. Think about what products you'll offer, such as just coffee, breakfast, or more. Also, decide on your operating hours. Will you be open all the time? If you choose a franchise, this information will be provided for you.
If I were to open a store, I would personally speak with a local store owner to learn about their experiences and gather advice. People are generally willing to share their insights and guidance.
Additionally, research the costs involved. For a franchise, pricing information is usually available, and you can look into opening a franchise for that specific store. If you're starting independently, you can use franchise information as a reference, but not all costs will be relevant. Alternatively, you can start from scratch, which may be more affordable. Just make sure to do thorough research.
These are a few suggestions to help you get started. I hope you find them helpful!
First, conduct research to figure out where you want to open your coffee shop. Consider what type of coffee shop you'd like to own - a franchise or an independent one. Identify your goals and write them down. Then, search online or in your local area to see how many coffee shops already exist in that location. This will help you decide if the location is suitable.
Next, determine the scope of your store by deciding if you're introducing something new. Think about what products you'll offer, such as just coffee, breakfast, or more. Also, decide on your operating hours. Will you be open all the time? If you choose a franchise, this information will be provided for you.
If I were to open a store, I would personally speak with a local store owner to learn about their experiences and gather advice. People are generally willing to share their insights and guidance.
Additionally, research the costs involved. For a franchise, pricing information is usually available, and you can look into opening a franchise for that specific store. If you're starting independently, you can use franchise information as a reference, but not all costs will be relevant. Alternatively, you can start from scratch, which may be more affordable. Just make sure to do thorough research.
These are a few suggestions to help you get started. I hope you find them helpful!
Updated
Emma’s Answer
Opening a coffee shop involves several key steps. First, conduct market research to identify your target audience and location. Create a detailed business plan outlining your concept, budget, and financial projections. Secure funding through personal savings, loans, or investors. Register your business and obtain the necessary permits and licenses. Find a suitable location, purchase equipment, and design the cafe's layout. Source quality coffee beans, equipment, and supplies. Develop a menu, pricing strategy, and branding that aligns with your concept. Hire and train staff, and implement efficient operations. Promote your coffee shop through marketing, social media, and community involvement. Finally, ensure excellent customer service and continuously adapt to market trends and customer feedback to grow and sustain your business.
Katherine Avery
Run a music studio and teach private music lessons; teach college-level religion classes
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Katherine’s Answer
You might find this workbook helpful for figuring out what steps to take in order, broadly, as you start your business (https://www.churchofjesuschrist.org/bc/content/ldsorg/topics/self-reliance/2017/14678_sgmb_book_eng.pdf?lang=eng).
Please note that the workbook provided in this answer represents a religious perspective on the subject matter.
Sharyn Grose, Admin