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Free Coffee and Tea Shop Business Plan
If you are setting up a Coffee and Tea Shop business then it is practical for you to put pen to paper a Coffee and Tea Shop business plan. If you need finance for your business this will help you with it and even if you are lucky to have enough money to set up your own business then a business plan will help you in your business approach. This will improve the probability of your business being a success, which cannot be a bad thing.
Your plan ought to embrace the following...
Coffee and Tea Shop Executive Summary
Your Coffee and Tea Shop executive summary ought to be written at the end (even though it should occur first in your plan) following the ground work in preparing your business plan - it is after all meant to be a summing up of your business. This is the page that will grab the attention of the reader and make them appreciate what your Coffee and Tea Shop business is concerning. Commonly it ought to present the reader 3 years highlights of your business or longer if you carry out a more long term business plan - i.e. when the investor(s) are to be expected to start seeing some revenue on their investment. The Coffee and Tea Shop executive summary should state the main protagonists who are ready to help manage the business and produce the returns for the investors and if any additional management will be required in the procedure. Click here for more free advice on how to write your executive summary.
Coffee and Tea Shop Objectives
As the executive summary as a rule includes the breakdown of the first three years - your objectives should as well be set out for your first 3 years of operation - this could be a small number or might be to a large extent more complete - it's totally down to you, on the contrary having unrealistic goals to accomplish for your Coffee and Tea Shop business in an unrealistic timeframe will put possible investors off considerably than them being impressed at your arrogant objectives.Read more about business objectives.
Coffee and Tea Shop Mission
A number of people see objectives and mission as the same thing but they are not - objectives are there for you to meet your mission. The final mission of any business should be to get bought out! If you can build your Coffee and Tea Shop business up to sell it at the same time as retaining a number of shares then you will have done well. To arrive at your definitive mission you will most likely need a quantity of smaller missions - these may well be to attain a certain amount of earnings, to reach a certain number of customers, to retail a certain amount of units of a product or service and your objectives are there to meet this mission.
Check out some of these example mission statements before you have a go at writing your own mission statement.
Keys to Success
You need to tell people how and why your Coffee and Tea Shop business is going to be a triumph - if you cannot think of anything to put in writing here then you are relying on a lot of luck. Even if your solution is purely that you are going to put more effort in than the next guy - then at least that is something...but you'll need to back it up with some proof especially if you are looking for investment in your Coffee and Tea Shop business.
Company Summary
Here you should write down a simple configuration of your business over the next three years unless you have a long term plan.
Company Ownership
In simple terms write who is going to own the Coffee and Tea Shop business and allocation of share ownership and voting rights for and allocation of share ownership and voting rights for the shares - it's reasonably regular for somebody to possess part of a company but hold no voice in how that business is run. You need to disclose if the company is a limited company, private, public or if you are a sole trader.
Not sure which business structure to go for?
Location(s) and facilities
Where is your Coffee and Tea Shop business going to be trading from and why are you going to be trading from this spot - you may perhaps not be capable of giving pinpoint address at this near the beginning stage but you need to narrow it down as much as you can, as clearly this will have a significant impact on your business. It is by and large simple to get premises for any Coffee and Tea Shop business in particular in this climate with so many businesses going out of business, but getting the decent business premises for the right money is a different prospect entirely.
Read more about business premises.
Start-up Summary for your Business
Before you start trading it's a good idea to have a business bank account and you are also going to have to choose a new name for your Coffee and Tea Shop Business.
Before you can push any products or services you need to record precisely all of the items you are going to require and if you are going to need any funds in order to pay for all of these items. You may possibly require to revise your start-up summary depending on your economic circumstances - so you might prefer certain Coffee and Tea Shop equipment however not be capable of purchasing it until you have sold several units of service / product.
Coffee and Tea Shop Start-Up Costs
This is a basic list of stuff you need to buy or stuff you can bring into the business if you already be the owner of them before your Coffee and Tea Shop business can start operating. If you do not have sufficient funds you ought to also add in who is going to offer this wealth to get your Coffee and Tea Shop business going.
Visit this page for more typical start up costs.
Coffee and Tea Shop Investment
If you do not have enough money you should include the whole investment you are going to need and also involve the breakdown of the parties that are going to fund the investment. Include the equity being given away to fund this or loan agreements in order to finance the arrangement. Will you require a small business bank loan? If you cannot get a bank loan don't worry there are alternative methods for funding your Coffee and Tea Shop Business.
Coffee and Tea Shop Business Plan Page 2
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