My family are interested in starting starting a small business such as a coffee house. It is in a area where we shouldn't have to much compition (small town) for a coffee house. What should we exspect? What are the steps?
2007-05-30 07:26:03 · 4 answers · asked by ivory 3 in Business & Finance ➔ Small Business
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* Ultimate Guide to Specialty Retail: How to Start a Cart, Kiosk or Store -- by Patricia Norins
* Start and Run a Coffee Bar by Tom Matzen, Marybeth Harrison
* Coffee Basics: A Quick and Easy Guide by Kevin Knox
* How to Open a Financially Successful Coffee, Espresso & Tea Shop by Elizabeth Godsmark
* ESPRESSO! Starting and Running Your Own Specialty Coffee Business by Joe Monaghan
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2007-06-06 08:35:50 · answer #1 · answered by TM Express™ 7 · 0⤊ 1⤋
No competition? That is the best news.
Starting a small coffee shop is a good choice, if there is no "StarBulks" around.
For selling beverage, you will need a special license from your local city or state.
I have publish an article about starting small business in Arizona. You can see what step is required but check out your local authority first.
tc
2007-05-30 14:45:16 · answer #2 · answered by It's Me Again 3 · 0⤊ 0⤋
The most important thing is having a good banker that believes in you on your side. You should incorporate in your state and take advantage of SBA loan programs. Lots of folks will say a business plan is a must, it is a building block that should be addressed especially since it will be a family business (lots of members, lots of different goals)- but it can be a bit overratted. My bank and the SBA just needed a synopsis of our plan, so I sweated a lot of stuff for nothing. Do research, look at properties (lease or buy even build). LLC, S Corp, etc.
2007-05-30 14:49:49 · answer #3 · answered by live75 3 · 0⤊ 0⤋
Go to the Small Business Association, they will give you all the information you need.
2007-05-30 14:40:28 · answer #4 · answered by petra 5 · 0⤊ 1⤋