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  How To Prepare To Start and Open Your Coffee Shop Business   People love coffee. I bet you do too! Espresso-based drinks are more popular than ever, thanks to big coffee giants like Starbucks, Tully’s and Caribou Coffee. There are also plenty of independent coffee shop around pouring great tasting cups. With so many coffee shops around, it would be natural for many people to have the desire to start their own coffee shop business. Yet, when we think about coffee shops, most...

    Owning a café can be one of the most rewarding jobs in the world. But as you know, it’s not short of challenges, especially when it comes to hiring and managing staff. At the end of the day, the hospitality industry is about connecting with people, so it is important to employ the kind of staff who share your vision and can help build the business you’ve been dreaming of. Luckily, there are a few simple things you can do to...

A SWOT analysis (strengths, weaknesses, opportunities, and threats); much like that of a competitive analysis, is an important part of planning your food truck’s future. The strengths (S) and weaknesses (W) sections provide a look at your truck’s current market position. The opportunities (O) and threats (T) sections help you project possible goals and challenges that may affect business down the road. Developing a SWOT Analysis for Your Food Truck Strengths: In a SWOT analysis, you look at the strengths of your business first. Strengths include...

If you have a small business that can be easily replicated, then franchising may be one of the best ways to expand it at a fast pace. And if you tackle it the right way, you can certainly pump up your profitability. Here are eight tips to help you through the transition: Get organized. Think through the process of precisely how your business works. Franchisees will need exact details and guidelines to get their businesses up and running. This process takes...

Coffee Shop Equipment List You have a business plan, a great location, and the perfect name with an awesome logo to go with it, but now that it's time to supply your coffee shop, you're unsure of where to start. Well, even though specific requirements will vary from business to business, we've developed a comprehensive coffee shop equipment list to get you started. To get an idea of the equipment needed when opening a coffee shop, take a look at the...

Go From Chaos And Overwhelm To Calm And In Control The biggest challenge most owners face is running a business which they feel they have control of while also giving a consistent level of service to customers whether they’re there or not. These issues are really symptoms of a lack of Standard Operating Procedures (SOP’s), which can be boiled down to not clearly stating the procedure of how every task is to be performed by each person who works in the premises...

Food costs can be the bane of your existence or they can be the most helpful restaurant metric you’ll ever calculate. However, many restaurateurs don’t calculate food cost percentage for individual items on their menu because it can be time-consuming and confusing. In this post, we’ll share our food cost formula and explain why it's important that every restaurateur know how to calculate food cost percentage. Calculate Food Cost Percentage with Toast's Free Food Cost Calculator How to Calculate Food Cost Percentage As a chef, it’s...

You’ve mastered the art of brewing an exceptional cup of coffee, and you’re confident that your coconut cream pie is the pinnacle of perfection — but choosing the ideal coffee shop design and layout may be out of your comfort zone. A Clear Concept That Appeals to Your Target Audience If you’re unsure about what makes your coffee shop business unique or why it might appeal to your target audience, you’re not quite ready to begin choosing the design for your coffee...

How the Coffee Giant Is a Wonderful Case Study of Franchise Value In one of my past articles, Profiting from Franchise Value, I discussed the importance of finding a business that possesses a consumer franchise. In this article, we are going to examine the Starbucks franchise and discuss the reasons the Seattle coffee company is considered an excellent business. It is my hope that by understanding the characteristics we uncover, you will be able to spot other companies for possible inclusion...

It’s obvious that the price of your products have a lot to do with the profitability of your business. Exactly how to price products in a way that maintains or increases your profitability is a little less obvious. Here are the first two steps toward developing an effective pricing strategy for your small business. Do Your Break-even Analysis Pricing strategies differ, but all require you to calculate your expenses accurately. Most people underestimate their costs. So if you price your products based...