While you’re at it, I think it’s also wise to at least think about an exit plan.
I know that seems like the opposite of what you should be doing right now, but having a strategy for selling or expanding your business will be a big deal in years to come.
Business planning is central to the Museum’s delivery of outcomes and outputs for its stakeholders.
Museum business units implement annual business plans that are linked to the Museum’s strategic plan, corporate plan, business priorities and budgets.
Ask any experienced cafe owner, the number one thing keeping them up at night is staff.
Now is the right time to think through who you need & what skills they need to bring. The plan should include: Yes, forecasting sales is hard, even hospitality veterans get it wrong, but it’s important that you try.
If you haven’t already committed to a lease, good for you – go and read our article on the 7 things to look for in a cafe location.
It’s got heaps of detail on what you should be looking for.
The example below (from the business plan template) breaks down customers into segments based on who they are (demographics) and what “occasion” (time of day, circumstance) you can fulfil.
Now we have an idea of who they are, let’s have a look at what the competition is doing If you already have an exact location lined up, go ahead and take a look at which customer segments your closest competitors are looking after.