Jim Business Facts

Archive for February, 2010

In general, the language in the coffee shop business plan should be factual and business like. You can use any prospectus of a listed company as a reference. You may say that you are not going for listing! You must realize that the investors are really looking for good deals and there is no better way to show them you mean business by having a world class business plan. Use graphs and government statistics to back up your research and this will give you instant credibility. A good business plan will basically cover two things, your business strategy and execution.

A. Strategy
A strategy is the goal you want to achieve in your business in the short run, which is the first one year and for the long run, which is 5 year. As this is a big topic by itself, I shall cover the few critical components briefly.

i) Target market
The first thing you must cover is your target market. This includes the demographics, where they eat and how affluent they are. Then you need to estimate the market size. This will depend on how big an area you think you can realistically cover.

ii) Competitions
No business exists by itself. If there really is none, that is a sign of no demand in the market. You must list down your nearest competitor in your chosen niche and their strengths and weaknesses. If you can, list down their revenue per month and estimated market share as well.

B. Operations
This part covers the detailed aspects of the day to day running of your coffee shop business. This is where the rubber meets the road and you must successfully execute to get your business off the ground.

i) Startup costs
These are the costs to get your business off the ground. These include renovation, coffee shop layout, cost of buying or leasing equipments and legal costs like license and permits. How much you need to spend depends on your USP you have targeted.

ii) Monthly revenue and expenses
After estimating the market size in your niche, you can estimate how many customers you can have as you monthly revenue. You can then estimate the monthly operating costs, which includes leasing, staff salaries and utilities. You must estimate how much cash you need to sustain for the slow months, especially in the early months of operations.

Conclusion:
After finishing the first draft, you may want to get someone experienced such as a lawyer or accountant to give a second opinion. It may take you a few more draft before it is ready to be presentable to the investors. You are advised to revise this at least yearly to see if it is still applicable.

No owner would be pleased to spend lots on expensive repairs just because they bought used cars. Yes, it is acceptable that buying a second hand car is always a risky option, but it can also be a profitable option if you choose the right car for the right price from the right dealer. Just consider yourself buying a car at half the price of a brand new one and that car gives you the same mileage with no or less repair costs similar to that of a brand new one. This is indeed profitable. Isn’t it? Will you refrain yourself from getting such a huge advantage just because of the reason that buying second hand cars is risky? I would say that it would be foolish of any person who has such a mindset and I thought I shall give some tips on this topic.

The best way to convey the matter would be refer a famous used car dealer in the entire United Kingdom i.e. the AvailableCar. This is top notch dealer in this business with cars that are in a fairly good state. Their achievements in this field speaks for themselves and if you are still not convinced then you can very well read the customer reviews about this amazing company that provides the cheapest cars in the market that are sure to last long enough to the delight of a customer.

Even though we are in the midst of the worst economic situation that has ever prevailed many people are still intent on setting up their own small business. And the first critical step in that process is to start with a small business plan.

This can take many forms but most people are agreed that there are a few critical areas which must be addressed.

1. Overall tone of your small business plan
You need to be clear and concise with your plan with clear objectives/goals and a clear strategy. It should be factual, not aspirational, and easy on the eye with plenty of white space.

2. Summary
The summary should be able to convey in a few sentences your strategy and goals and highlights the positive parts of your plan. You need to think of the elevator pitch ie can you describe your plan succinctly to a stranger if you met him/her in a lift and were travelling from the 5th floor to the 1st.

3. Description of the business
This part of your small business plan should set out clearly the industry, type of business, any company history, the legal structure to be employed, any trading history and your vision for the future.
You will need to describe the USP(unique selling proposition of your business) and how you will grow your product/service with realistic achievable goals.

4. Marketing and Sales
You will need to set out how you will market your business and obtain sales, your target market and how you will handle competition if and when the squeeze is put on your business. You will need to show some solid market research in this section and demonstrate that you know the industry that you will be competing in.

5. Your People
This part of your small business plan will deal with your people, your key personnel and will include your professional advisors such as solicitor and accountant. You will also outline any recruitment plans you have and set out your salary structure which will show also that you are planning for growth.

The rates of divorce and on the raise for the past decade and hence the legislators have made the firm laws to reduce the rates. Therefore it is not as easy to get a divorce in these times. But when you think you have a real problem and your marriage is dissolved to a great extent then you need to think about it.
This is a very complicated situation for both men as well as women who are undergoing a divorce. As in this state of mind when you think there is nothing can be done to sustain the relationship with your spouse anymore and your marriage is coming to an end. To add more to this you have to deal with the finances and also with your children’s custody and also attend to your divorce filling papers and forms.

At this situation you must definitely seek a good lawyer who is both sincere and compassionate and also experienced in this field of law. The approach of lawyers varies with each state. Hence you need to look out for a lawyer who matches with your needs and also who are supportive throughout the process. In that case the Knoxville divorce lawyers are the ideal lawyers for you.

The divorce attorneys Knoxville are known for their professional as well as client friendly side. All you need to do is contact one of us for immediately in case you need help regarding your divorce case.