Step 1: Research Your Market Understanding Your Audience When I first started my business, I realized that fundamental to my success was understanding who my audience was. This isn’t just about demographics like age or income; it’s about their wants, needs, and pain points. I recommend doing some surveys or interviews. Trust me, actually talking […]
Step 1: Determine Your Direct Costs Understanding Direct Costs When I first dived into the world of menu costing, one thing became instantly clear: direct costs are the heartbeat of your menu pricing. These are the costs related to the ingredients that go directly into your dishes. If you pour 20 bucks into a gourmet
Step 1: Define Your Business Idea Clarifying Your Vision So, you want to start a business? Awesome! But before anything else, it’s crucial to lock down what your business idea actually is. Take a moment to brainstorm your passions, strengths, and market gaps. What keeps you up at night with excitement? Make a list and
Alright, folks! If you’re here, you probably want to nail down a solid business plan in a straightforward way. Having a business plan isn’t just for the big shots; it’s essential whether you’re a budding entrepreneur or looking to take your business to the next level. So, let’s break it down into three simple stages.
Step 1: Define Your Business Vision Understanding Your Core Values When I first started working on my business plan, one of the first things I did was dig deep into what my core values were. It’s crucial to understand what you stand for. For me, it was all about innovation, integrity, and community. I asked