When it comes to getting a job in a coffee shop, you need to decide whether to:
This is absolutely critical that you discuss each option with your accountant and as you can expect are the advantages and disadvantages to each.
Existing bar:
the obvious advantage of buying the existing coffee shop is that it should be established, successful business. Also, you will not have to spend more money fitting out the shop, as you would in a start-up business and it's as close to key business, as you can get. On the other hand, if you buy an existing business, May you be buying problems leaving the business owner, for example, increasing the rent and utilities, disappointing bottom line, etc. Of course you can reduce your risk by carefully considering their full naposlovanja and Finance with your attorney and accountant expert advice and direction.
start-up business:
If you run your business from scratch, you can fit your space as you like from day one. You completely design your store from scratch. On the other hand, start-up companies are riskier because they do not have a proven track record in business as you created it on that site, and it costs a lot more to start a brand new business, as opposed to buying existing ones.
Be sure to thoroughly do your homework and research when you are considering an existing or start-up business -. And do not forget to write a great accountant and attorney to help you make the right decision
Chances are you will probably require financing from external sources to get your business off the ground coffee. There are too many people around who can fund the business on its own!
to ensure the finances you need to turn your dream of a cafe in reality, you will need a business plan. After all, the financial institution you hope that it will loan you the money should know that you have a great business concept is viable.
Even if you're lucky enough to fund your own business, you will need a business plan!
You've probably heard the expression "fail to plan, plan to fail" is not it? Basically this means that the failure is likely, if you do not plan your business.
must know exactly where you want your business and you need to come up with strategies to help you achieve those goals.
Your business plan will take into account absolutely all of its mission, its market position, your finances, sales projections, your marketing and advertising, and your future plans - absolutely everything
So take a little time to plan and avoid the expense and stress in the long term.