If you are planning to start a venture especially opening a coffee shop, you should avoid the 3 mistakes that Coffee Shop Owners make;
1. Lack of Planning. There is no detailed plan or business plan. A common mistake of every business owners, some coffee shop owners they just want to start and excited to have the business start running. They don't have big picture of the business. A good planning will help you prepare for a surprise issues or problems.
2. Not Enough Capital. The back up capital is needed because you need to expect that there will be months that would not give enough cashflows. If you run out of money, better to know where to go or if you have investors at your back then it will be good that you have a line of credit.
3. Not having the right staff. From the time of opening, you should have a right staff from beginning. Look for the right staff and train them. They should be align with the goals and objectives of the coffee shop. Hire slow and fire quick is the right HR philosophy in this type of business.
1. Lack of Planning. There is no detailed plan or business plan. A common mistake of every business owners, some coffee shop owners they just want to start and excited to have the business start running. They don't have big picture of the business. A good planning will help you prepare for a surprise issues or problems.
2. Not Enough Capital. The back up capital is needed because you need to expect that there will be months that would not give enough cashflows. If you run out of money, better to know where to go or if you have investors at your back then it will be good that you have a line of credit.
3. Not having the right staff. From the time of opening, you should have a right staff from beginning. Look for the right staff and train them. They should be align with the goals and objectives of the coffee shop. Hire slow and fire quick is the right HR philosophy in this type of business.




