The top 3 reasons why you should open a cafe

You’re still in the job you hate. The years roll on by and you’re still there even though every year you promise yourself this is the year you’re going to make a break for it and leave. So why do you stay? For most people the answer is simple, they don’t know what else to do. They’ve spent years working in a profession that they are qualified for and they’re not sure what else they could turn their hand to.

If this sounds like you, have you ever thought about opening a café? If you’re keen to leave the corporate world far behind but you’re not sure what your next move should be, here are the top 3 reasons you may want to consider opening a café; 

  1. Create and build an asset

Perhaps the greatest benefit of opening a café is you are not only creating yourself a job, you are creating a future asset that if managed correctly, will grow over time. Most small business owners reap the main financial rewards when they sell. They have grown the equity and goodwill in the business to the point that someone else is willing to pay handsomely for the strong customer base and systematised business. Wouldn’t it be wonderful to have another asset, other than your own home, for your future income?

  1. Be your own boss

There is no doubt there is no greater satisfaction than being your own boss. The future success of your business is in your hands and you alone make the decisions that determine the performance of the business. Sounds scary doesn’t it? Yes maybe, but also incredibly gratifying that all your hard work gets rewarded with you benefitting financially for the fruits of your labour, not someone else. With the right processes and procedures in place, cafes can be a lucrative business.

  1. Choice & control

Most of us have little choice over our jobs. We work where the job is located, even if it means having to commute long hours. We work the hours that are determined by our company or boss, and we earn an income determined by others. One of the best facets of operating your own café is that you reacquaint yourself with having choice and control over your work like. If you want to work locally without the need for a tortuous commute, open a café in your local area. If you don’t want to work weekends, open a café in a CBD environment where your café targets the working population. If you want to spend evenings with your family, ensure your café maximises its day trade in an area that supports the day time economy rather than the evening economy.

Starting up your own café is by no means easy, it involves a lot of hard work and a fair degree of risk. But with the right strategies in place, owning a café can be a great way of creating yourself a great new future. If you would like to equip yourself with the strategies for success, check out our Cafe Startup Success online course.

 

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