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Click to view dennisgates's profile Start-up dennisgates 2 posts since
Jul 8, 2008
15. Re: Start My Own Espresso Coffee Business Jul 8, 2008 10:24 AM
With Starbuck's marketing initiative that I think started the coffee revolution, I would say coffee business is still a go...
I read at schmoozii.com which also talks about same "starting espresso business" that a good business plan is the vital piece to a successful business.
Click to view TLRInsnAcc's profile Mogul TLRInsnAcc 15 posts since
Mar 15, 2008
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

Click to view richardthomas's profile Professional richardthomas 3 posts since
Jul 8, 2008
17. Re: Start My Own Espresso Coffee Business Jul 10, 2008 6:22 AM
Hey Dennis, Thanks for sharing that link www.schmoozii.com , its a good site for business networking..yeah i saw same thread there on their discussions
Click to view MetroGal's profile Mogul MetroGal 101 posts since
Oct 20, 2007
18. Re: Start My Own Espresso Coffee Business Jul 10, 2008 8:40 AM

To ride on the Starbucks dialogue, if you're now thinking that coffee may not be the wisest choice now have you ever thought about a tea stand?
Click to view anthonydavis's profile Professional anthonydavis 6 posts since
Jul 4, 2008
19. Re: Start My Own Espresso Coffee Business Jul 11, 2008 6:20 AM
Hey that's a good perfect idea.. a "tea stand". People are fond of teas nowadays because of the health benefits that it gives.
Click to view Mybizfiler's profile Mogul Mybizfiler 35 posts since
Aug 20, 2008
20. Re: Start My Own Espresso Coffee Business Sep 16, 2008 9:22 AM

Hi,

Starting your own coffee business will be a good idea as you have been working for years making specialty drinks fro friends and neighbors. But starting a business would require business plan and doing a lot of research. We would definitely help you developing business plan and doing market research for you but it cost you minimum.

We at ICS, Inc, help you to incorporate your business and provide complete incorporation services. ICS would also help you for Small Business Loan Application which makes your work easier and you can spend your time in Business Development rather than worrying and spending time in research.

At ICS (www.mybizfiler.com), we, at a very competitive price (1/4th of charges a typical CPA charges) take care of your complete Incorporation Services

You can reach Mr. Nirmal Jain (Senior Manager) at 469-713-2541 and can mail him at nirmal.jain@mybizfiler.com, as he is very well experienced and has considerable knowledge in incorporation services.

For more information and details please visit ICS web site http://www.mybizfiler.com/.

You can also visit our informational blog site: http://mybizfiler.wordpress.com/.
Click to view DMIGUY's profile Mogul DMIGUY 82 posts since
May 14, 2008
21. Re: Start My Own Espresso Coffee Business Sep 16, 2008 10:13 AM
in response to: anthonydavis
AnthonyDavis,

The coffee business and Starbucks are both going strong. Starbucks is not going out of business, they are simply regrouping and reconfiguring in light of the economic downturn.

The question that remains to be answered is not whether people will still frequent neighborhood coffee shops, because they will, but whether they'll pay $5.00 for a cup of Joe. More and more coffee die-hards have been pushed toward Dunkin Donuts where you can still get a cup without need of a mortgage. However, Dunkin's format isn't conducive to the meeting-place atmosphere of a Starbucks. If you can somehow bridge the two profiles, that is come up with a great atmosphere but reasonably priced coffee, you might be the next Starbucks.

Best of Luck.
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