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Baqar Iftikhar

Baqar Iftikhar Naqvi  |112 Answers  |Ask -

Start-up Mentor - Answered on Sep 14, 2023

Baqar Iftikhar Naqvi is the founder and CEO of Upriver Ecommerce, an online sales accelerator firm and can guide entrepreneurs on how to make their firms grow.He holds a BTech in textile technology from the Central Textile Institute and has a master's degree in marketing and merchandising from the National Institute of Fashion Technology.He has 23 years of experience in the consumer products and retail industry.... more
Aniruddha Question by Aniruddha on Sep 14, 2023Hindi
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Hi sir, I want to start business in the field of Tea and Coffee.. Please help, Aniruddha Chatterjee

Ans: Aniruddha - while you have put in a very broad question, i am assuming you want to open a cafe kind of place. My view on this is that cafes have become more of hanging around kind of places. So you need to be in a high traffic zone with young population. Opening any retail outlets means taking on a decent capital expense - rental deposits, interiors and furniture etc. as well as monthly costs - rent, manpower, maintenance, etc. Also, cafe's face a typical problem - people sit with a cup of coffee or tea for long, so your billing value is low and table turnaround is less. So your revenues are low, while your costs are whatever they are. So think about these points. Overall I think it is a good idea, but creating a cool vibe for people to come in and spends time and have a decent billing value is challenging.
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Harsh

Harsh Bharwani  |72 Answers  |Ask -

Entrepreneurship Expert - Answered on Dec 17, 2024

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Sir/madam My son is an MBA and wants to establish a cafe. Kindly guide. Regards
Ans: It's great to hear that your son is planning to open a cafe. With his MBA knowledge and entrepreneurial spirit, he has a strong foundation to build a successful venture. Here are some steps to guide him.

First,
He must decide on a unique concept for the cafe that will set it apart from others. Whether it is a cozy space for book lovers, a health-focused menu, or a modern cafe with a tech-friendly vibe, having a clear vision will attract the right customers. Additionally, researching the market to understand customer preferences, competition, and pricing trends is important to create a viable business plan.

Encourage him to prepare a detailed business plan that includes his vision, projected budget, marketing strategy, and operational plans. Choosing the right location with good visibility and foot traffic will be crucial to the cafe's success. He will also need to obtain the necessary licenses and permits, such as food safety approval and business registration, to operate legally.

Next,
Focus should be on creating a strong brand identity with a memorable name, logo, and interior design. Offering high-quality ingredients and a menu with a mix of unique and popular items will help build a loyal customer base. Excellent customer service and a welcoming atmosphere will further enhance the visitor experience.

And the last,
He should leverage MBA skills to manage finances effectively and use digital marketing and social media to promote the cafe. With proper planning and dedication, cafe can become a thriving business.

Wishing her all the best in this exciting journey!

..Read more

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