16.
Re: Start My Own Espresso Coffee Business Jul 8, 2008 10:39 AM
The business plan is a good start and I hate to pour ice water on the topic (and that's one of the services our company supplies) so I d believe and understand the need for a good working business plan but there are other things to consider:
1. Do you have enough cash (in savings - not retirement) to pay
ALL your personal expenses for the first 12-18 months after opening your business.
2. Do you want to consider looking into franchise opportunities - They can be very expensive and require a great deal of foundational time and a business plan is a must and that's not even the beginning but with franchises you stand a better chance of success.
3. Do you have friends/others (with money that they could possibly lose) that believe in you dream, view, and abilities.
4. In retail location in a biggie, can you find a location that has sufficient foot traffic i.e. big super market chains, established business areas, is their a large breakfast/lunch customer potential because those will be your two best times of day.
5. Can you pick the brain of your friend that has the same type of business? I would keep him/her talking anywhere from 3-6months about their experiences both good and bad.
6. Then after you've picked their brain - consider enlisting them in your venture. It may or may not be a good idea.
7. Then after you've done that contact me for the next step!!!
TLR