Successful Small Businesses Ideas :

Successful Small Town Business IDEAS

Small Business Ideas / October 25, 2020

How to Start a CafeWhether you look at the numbers considering the opportunity, or the staggering competition, there’s no doubt about it—coffee is good business, and it has been good business for a long time.

With 100 million coffee drinkers in the U.S. alone, it’s no wonder the industry is booming. If you’ve been thinking of combining your love of coffee with your entrepreneurial spirit, there’s no better time to open a coffee shop.

Jack Wilson, owner of Radio Coffee and Beer in Austin, Texas, and Marc Renson, owner of Ambition Bistro in Schenectady, New York, stepped away from brewing and serving to offer these tips to prospective owners

1. Create a solid business plan

One of the first serious steps you’ll take toward opening your coffee shop is to create a business plan. This document spells out exactly what your business is, how it will be profitable, defines your customer base, explores competitors, plans for growth, and provides troubleshooting strategies should you need help achieving your goals.

But, go the lean planning route to start

Before you dive into creating a traditional business plan (which really you only need if you’re seeking funding from a bank), we recommend creating a

Number of US coffee establishments 2002-2016 demo floorplan