Covoya Coffee Podcasting Network

The Exchange | Roasters Entering Retail Ep. 50

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Takeaways

  • Entering retail can make or break your business.
  • FOMO should not be the reason to enter retail.
  • Retail can distract from core competencies.
  • Creative alternatives to retail.
  • Engaging with the community is crucial for success.
  • Staffing is a major challenge in retail.
  • A merchant's heart is essential for retail success.
  • Understanding the costs of retail is vital.
  • Food can bleed money in retail.
  • The best cafes have a narrow focus.
  • Retail is incredibly competitive today.
  • Have a clear concept and plan.
  • Don't leave any stone unturned in planning.
  • Never do a handshake deal for business agreements.
  • Streamlined operations lead to better profitability.
  • Experience in retail is crucial for roasters.

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    Covoya Coffee Podcasting NetworkBy Covoya Coffee Podcasting Network, Executive Producer Mike Ferguson
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