Have you ever watched a new small business coffee shop hit the ground running in sales, attract a herd of customers, and then crash and burn within a year or two? It’s often because sales were high, but so were their coffee shop operating costs. They failed to keep up with the math, and as a result, they didn’t retain enough in profit to sustain the business. (Often times they didn’t even realize their operating costs had changed and they weren’t making profit.)
In today’s competitive market, the traditional coffee shop faces challenges. Rising costs and market saturation in some areas are a few that jump to the top of the list. In fact, we just shared how inflation affects coffee shops and why a hybrid coffee shop model could be the answer.
The status quo may not cut it anymore for small businesses. The formula to modern success?
It’s no secret that costs are rising, making coffee shop innovation matter more than ever before. The New York Times reports an 8.3% increase in prices since last April. With the economy’s future uncertain, small businesses are looking around and deciding how to prepare. Here’s how inflation affects coffee shops and what you can do about it.
The Texas Coffee School curriculum is always evolving to match the speed and direction at which the coffee industry is moving.
Online ordering, diversified menu, multiple streams of revenue—they’re more than just buzzwords. They’re the way of coffee shop innovation in 2022 and beyond. The coffee industry is more competitive than ever, and we applaud Texas Coffee School students who’ve stayed ahead of the crowd.
In our Q&A below with David Bednarek, Coffeepreneur®, we talk about coffee shop revenue and how it’s possible to start a successful business from scratch.
You can join students like David for a 3-day coffee shop education,
Are you a current or aspiring Coffeepreneur® with plans to grow your coffee shop? Do you dream of multiple locations and a team of employees to keep your business running like a well-oiled machine? Here’s some good news. We believe if you can successfully launch one storefront, you’re not far off from scaling into many more.
Intuit predicts that 17 million new small businesses will launch in 2022. Your coffee business can sail ahead of the crowd with these three tips on how to grow:
Refine your coffee shop operations
Invest in your people
Create a memorable brand
We teach coffee shop managers critical business operations and management skills to effectively run a coffee shop.