How to distribute coffee shop management knowledge

The first problem with opening a coffee shop is funding, or you have enough money yourself. Either you have to go to the fundraiser first.

Whether you pay for it yourself or someone else. The funds must be carefully planned beforehand.

(i) Calculation of expenditure

The most important thing to do before financing is to make a rough budget for how much it will cost to open a store.

All foreseeable expenses are included. Include inventory, equipment, company logos and marketing materials, uniforms and training for employees in your budget. An expense that is often overlooked and not insignificant is operating expenses before a company can begin to make money. We always want to open with a crowd. But be prepared.

(ii) Search for funds

Once you figure out how much money you need to start and run the cafe, you have to think about where to get it. The following are common financing channels:

1. Banks and other financial institutions. Banks are happy to lend money to those who can make money with it. There are many books on how to write a loan application report. Look for them.

In addition to banks, you can also go to investment companies or venture start-ups.

2. Private investment. For example. You can have one or more partners. Ask relatives at home. Or borrow money from friends on a contractual basis. In all these cases. Your creditors want a return on their investment. After lending you the money. He expects you to pay him back in full within a certain time. There is a certain amount of "interest" attached; otherwise, there is a greater risk. After waiting for your coffee shop success, and you discuss long-term profit dividends.

The more money you make from your business. The greater the return he gets, and if your investor's return on his investment in your business far exceeds what he would have earned in the past in a safer way, that investment is attractive.

If the investor was found outside. Then you'd better turn to a professional lawyer to draft the loan terms for you. The mode of operation may be limited liability cooperation or unlimited liability cooperation limited liability company. It depends on the needs and circumstances of investors.