Showing posts with label coffee shop. Show all posts
Showing posts with label coffee shop. Show all posts

Sunday, November 13, 2011

Becoming a Successful Coffee Shop Owner - Do You Have What It Takes? 7 Criteria

From the outside, the life of a coffee shop owner might look kind of fun or - dare we say "cool," even? And, it without a doubt can be all of the above for many who have attempted their own coffee venture.

However, there is an element of running a successful coffee business that relies squarely on having good business sense, the right training, and the stamina and guts to see things through both good times and bad. Owning or managing your own coffee shop is less like a sprint and more like a marathon.

If you are interested in becoming a successful coffee shop owner, check to see if you meet each of the following 7 criteria:

1. You have talked in depth with current or past coffee shop owners to get their insights:

The first step in becoming successful with any venture is to learn from those who have gone before you. A great way to get a general feel for how this type of business is run is to spend some time behind the counter at a friend's coffee shop. Or, at the very least: buy dinner for the owner of a (non-competing) coffee shop and pick his or her brain about what it is really like to run a coffee business.

2. You love people:

The coffee business is without a doubt a "people business." You will not be successful if you prefer to escape off to your back office when things get busy while your employees handle things out front. Rather, you need to be where the action is, which means interacting with people on a daily basis. If you do not like people much, try a different line of work.

3. You have a mind for efficiency:

Once your business is up-and-running, making it successful in the long haul is all about efficiency (again think marathon, not sprint). You need to have a mind for balancing cost considerations with having enough fresh coffee and other materials on hand to meet customer demand.

4. You are willing to learn new technical skills:

Your fancy new coffee equipment will come with plenty of "how-to" instructional manuals, but those manuals will not adequately teach you the nuances behind the techniques you need to know. Rather, be willing to seek in-person training so that you can get the techniques down just right. Your customers will thank you for it by frequenting your shop more often to get more of your delicious product.

5. You have an understanding of brand-building:

Think that only big-name companies can afford to build a brand? Think again. Every company, large or small, needs to build their brand. And, building a strong brand that people recognize and come to love is about more than just creating a cool logo.

6. Slow weeks or months don't bother you:

Another thing about running the marathon that is a successful coffee business: having the guts and stamina to stick it out when you experience a temporary downturn in your business. This is partly something that is learned, but it is also something that you need to have inside of you.

7. You are open to receiving ongoing education and training:

Things change over time: new equipment is purchased, new techniques are invented, and old skills atrophy if not used often enough. Every business owner should be willing to seek out continuous training for both themselves and their employees.

As you consider the best way to make a go of it in the retail coffee industry, check your qualifications against these 7 criteria. If needed, seek out training from professional coffee business consultants who have helped others achieve the same level of success you seek for yourself.

Find out everything you need to know about becoming a successful coffee shop owner at Texas Coffee School.

Article Source: http://EzineArticles.com/?expert=Tom_Vincent

Friday, September 9, 2011

The Average Income Of A Coffee Shop Owner

Coffee shops have experienced large growth rates around the country over this last decade. It is estimated that they grew by at least 70% over the last decade. Many young professionals and students dream of opening their own one day.

Salary

The average income is between $20,000 and $40,000 for an owner. The salary will greatly depend on how long they have been in business. The first year or two in business the owner could not turn profits as he will be paying off its start-up expenses. An established coffee shop owner will make around $40,000 a year.

Location

It is best to start one in a location that is highly visible to the general public. Some prime locations for them are downtown areas, major shopping malls, or at a major intersection. Choosing a good location is an important factor in running a successful coffee shop.

Expenses

Opening one can cost anywhere from $35,000 to $300,000. The average cost of opening one is about $200,000. These expenses will include a business location to rent or buy, the proper tools you need to make coffee, possibility renovating the business location so it can be turned into a coffee shop, hiring and training employees to run it, and the advertising expenses in order to promote it after it opens.

Considerations

There are many considerations that should be considered when opening a local coffee shop. The first consideration is how to compete against the larger coffee shop chain stores. The answer to this is to provide the quality customer service and the best coffee in town. Price the coffee at a competitive price, in order to compete against the larger chain stores. Promote this new business by having local bands play in it.

Fun Facts

At the current time coffee is the second most commodity traded on earth. The first most commodity traded on earth is oil. More than 400 billion cups of coffee are consumed worldwide each day, this makes it the earth's most popular beverage.

Coffee Shop History

They first came into existence in the early 1500s. They first really got noticed in Mecca around 1512 because of the political gatherings that were happening in them. They started in the Ottoman empire and quickly moved to Europe. The first came to England in the mid 1650s. They came to the United States in the 1950s and became very popular in the 1990s and 2000s.

Article Source: http://EzineArticles.com/?expert=Matthew_W_Payne