Juice Bar Business


Juice Bar Business


Here Are The Ten Things All Juice Bar Businesses Must Think About.

Seven out of ten new Juice Bar Businesses go down in the first few years, and 30% of those do not get through a year. To provide you with a better chance of surviving we have assembled a list of the ten things you must do to make sure your Juice Bar Business is successful.

  • Sole trader or limited company? The structure you choose for your new venture will impact on the tax you will have to pay and how much statutory and fiscal accountability that you are exposed to. In the case of a sole trader you and your organization are really the same thing, whilst the assets and debts of a limited company belong to the business, as this is a separate legal entity.

  • Define your target audience. Attempting to sell everything to everybody will not work. Your company should aim everything at your likely customers and all that you do, from your companies online store to your promotions, must be relevant to them. Approaching your probable clients will also make them feel like they are important to you and your business, should breed loyalty, and will boost the likelihood of them endorsing your goods and services to third parties.

  • Size up your Juice Bar Businesses competition. Is anyone else offering the products that you are planning to sell? What are their strengths and weaknesses compared to your merchandise? By reviewing the competition you can profit from their errors, as well as find out what their clients are looking for. You should also discover the amount purchasers will pay for your goods, and also how you will characterize what you advertise from the competition.

  • Get your Juice Bar Business noticed. There is no point in having a marvelous idea if no-one hears about it; so how can you get your name out there? If you do not possess a colossal marketing budget, start modestly and concentrate on creating relationships. Use social media and network hard to begin initiating a decent image with not just likely customers, but also local journalists, business bloggers, suppliers, related businesses and local business organizations.

  • Create a website. Did you know that around half of all small businesses do not have a web presence? Many want one, but assume they cannot afford one or do not possess the ability to do it themselves. The latter may have been accurate years ago, but current web creation tools mean complete novices can get a website and online store set up quickly.

  • Decide on your USP. Customers will only stop buying from somewhere else, in favor of yours, if you provide something superior or different. Your companies Unique Sales Proposition defines what is special about your products, outlines what your customers cannot get anywhere else.

  • Work out and obtain the correct amount of funding. In a perfect world you would have plenty of cash to finance the launch of your new business, but, for most people, it is not really an option. Alternatively you might approach friends or family to find out if they may be able to help, or you could try securing a bank loan or seek out an investor. You must also find out which grants are available for your organization.

  • Write your Juice Bar Business Plan. Great Juice Bar Businesses were planned that way. This is your opportunity to verify that every section of your organization will work properly and makes sense. If it does not, should you really go ahead?

  • Decide how your Juice Bar Business will sell to its customers. What is your companies route to market? Look at all your opportunities, from market trading to eBay shop to mail order, to a retail or stand, to doing business at networking events or on facebook and twitter, to an email campaign or partnerships or simply via Adwords.

  • Decide when you should open your Juice Bar Business. You are prepared to open your new business but do not be too hasty to quit your day job. The salary will be convenient, as it may be expedient to put together your new venture in your spare time, and then make the jump once your organization can support you and is actually ready for your full-time attention.

When you need to make decisions about your enterprise you must stop and think over these points:

  • Is this right for me and my Juice Bar Business?

  • What impact will this decision have on each section of your Juice Bar Business?

  • How much will it cost and where will the cash come from?

  • If there is not adequate cash in the budget, what will you do without and how will that change your Juice Bar Business?

  • Are these decisions reflected in your Juice Bar Business Plan?

There are a great deal of questions you must ask yourself in regard to the decisions you will have to take. Thinking about your choices while you are under duress might be a disaster but using a well-prepared Juice Bar Business Plan makes your decisions considerably easier to take.





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Great Juice Bar Businesses were planned that way!





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