Hello Everyone, Welcome to the Show!
So I was thrown a question out of left field the other day in a meeting, with investors discussing a Coffee Roasting facilities actual value!
I was actually taken aback! I obviously answered the question with a question! The question was very direct, "what would you do now, starting from ground zero, to make a Coffee Roasting Facility successful?"
My answer to that was a clear question, "well define ground zero?"
He said, "right now, if you had some resources at your disposal what would you do?"
Hmmmmm. Very interesting question don't you think? And by the way, this isn't niche specific, if I was to ask any Business owner or founder or entrepreneur, you know their answers might be very different than mine. OK, phewww......
Well first, I would develop a solid as a rock Business Plan, but not just any business plan, a real bullet proof one with verifiable market statistics and everything else that is involved in coming up with a plan that needs to be successful.
I always likened the process to a thesis. One of my favorite stories, not to get off topic, is the guy, who's name escapes me. He puts his thesis in and, the professor gives him a C-. The idea was Federal Express!
haaaaaa are you kidding me?
Anyway, there are 5 to 7 key components to running a successful Coffee roasting facility here they are in whatever order you want to put them in;
1 Hire me
2 hire me
3 Hire me.........
you get the picture don't you?
This business changes on the fly! If you don't have someone in your ear, you better find one! I wouldn't wait around. Because there is an amazing opportunity never mind your capacity, or size.
You just have to have enough forward thinking! Ok #1, I amasking the question.
How important is the guy buying your coffee in your business, and should he be a very smart commodities guy or should he be a mix of quality control/cupper/buyer?
Please answer that question, or better yet. Which one do you have, or heaven forbid its just you!
Part 1 is finished!
Part 2 is coming.............
So I was thrown a question out of left field the other day in a meeting, with investors discussing a Coffee Roasting facilities actual value!
I was actually taken aback! I obviously answered the question with a question! The question was very direct, "what would you do now, starting from ground zero, to make a Coffee Roasting Facility successful?"
My answer to that was a clear question, "well define ground zero?"
He said, "right now, if you had some resources at your disposal what would you do?"
Hmmmmm. Very interesting question don't you think? And by the way, this isn't niche specific, if I was to ask any Business owner or founder or entrepreneur, you know their answers might be very different than mine. OK, phewww......
Well first, I would develop a solid as a rock Business Plan, but not just any business plan, a real bullet proof one with verifiable market statistics and everything else that is involved in coming up with a plan that needs to be successful.
I always likened the process to a thesis. One of my favorite stories, not to get off topic, is the guy, who's name escapes me. He puts his thesis in and, the professor gives him a C-. The idea was Federal Express!
haaaaaa are you kidding me?
Anyway, there are 5 to 7 key components to running a successful Coffee roasting facility here they are in whatever order you want to put them in;
1 Hire me
2 hire me
3 Hire me.........
you get the picture don't you?
This business changes on the fly! If you don't have someone in your ear, you better find one! I wouldn't wait around. Because there is an amazing opportunity never mind your capacity, or size.
You just have to have enough forward thinking! Ok #1, I amasking the question.
How important is the guy buying your coffee in your business, and should he be a very smart commodities guy or should he be a mix of quality control/cupper/buyer?
Please answer that question, or better yet. Which one do you have, or heaven forbid its just you!
Part 1 is finished!
Part 2 is coming.............
This post first appeared on One Man's Journey In The Coffee Industry And Life, please read the originial post: here
