How much does it cost to start a Milktea business?

How much to open a Milk Tea Shop in the Philippines? If you want to start your own Milk Tea Shop, you will invest for about 30,000 to 100,000 pesos but this is just a rough estimate. It depends on how big you want to start. Most small franchising companies offers 30,000 to 300,000 pesos packages.

How do I start a tea shop business?

Steps for starting the Tea Shop business in India:

STEP 1: MARKET RESEARCH.
STEP 2: MAKE A GOOD PLAN: choose which products you want to sell like Tea, coffee, biscuits, etc.
STEP 3: IMPROVE YOUR PRODUCT:
STEP 4: CHOOSE THE NAME AND GET THE LICENSE.
STEP 5: FINAL.

Are bubble tea shops profitable?

The profitability of owning a bubble tea shop depends on your market. If you’re in a trendy or affluent area, you’re more likely to earn enough to offset your expenses. The industry is still experiencing growth. So it is certainly possible to build a profitable business in this market.

What are the 7 parts of business plan?

While plans vary as much as businesses do, here’s a summary of the seven main sections of a business plan and what each should include.

Executive Summary.
Company Description.
Products and Services.
Market analysis:
Strategy and Implementation:
Organization and Management Team:
Financial plan and projections:

What are the 3 types of business plans?

There are 3 types of business plans that owners, executives, and managers use. Each has its own purpose and specific application in your business….Annual Growth Plan

A Financial Plan – which is a budget projected out by month for the next 12 months.
A Marketing Plan – which is what drives your Financial Plan.

What are the six types of business?

Types and Forms of Business

Service Business. A service type of business provides intangible products (products with no physical form).
Merchandising Business.
Manufacturing Business.
Hybrid Business.
Sole Proprietorship.
Partnership.
Corporation.
Limited Liability Company.

What is a full business plan?

A business plan is a written document that describes in detail how a business—usually a startup—defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints.

What are the two types of business plan?

Planning For Success: Two Types of Business Plans

Proforma budget or strategic profit plan – Here you will project your annual income by department and all expenses for the next year, then break each item down to monthly projections.
Cash flow projections – The bottom line of the proforma budget is the top line of the cash flow statement.

How do I write a good business plan?

Traditional business plan format

Executive summary. Briefly tell your reader what your company is and why it will be successful.
Company description.
Market analysis.
Organization and management.
Service or product line.
Marketing and sales.
Funding request.
Financial projections.

What is the main purpose of a business plan?

What is the purpose of a Business Plan? ✓ The purpose of a Business Plan is to identify, describe and analyze a business opportunity and/or a business already under way, examining its technical, economic and financial feasibility.

What is the most important part of business plan?

The executive summary the most important part of your business plan, and perhaps the only one that will get read so make it perfect! The executive summary has only one objective : get the investor to read the rest of your business plan.

What are the two main reasons for writing a business plan?

Reasons to Create a Business Plan

determine whether your business has a chance of making a good profit.
provide an estimate of your start-up costs, and how much you’ll need to invest or finance.
convince investors and lenders to fund your business.

What are the main parts of a business plan?

Main Components of a Business Plan

Executive summary. This is your five-minute elevator pitch.
Business description and structure. This is where you explain why you’re in business and what you’re selling.
Market research and strategies.
Management and personnel.
Financial documents.

Where can I find information on a business plan?

Finding the Right Sources of Information to Create Your Business…

Business records. For an ongoing business, various documents and records generated in the course of your operations are the first source of information.
Marketing data. Marketing data for your industry and your products or services can be collected or obtained from a number of sources.
SWOT analysis.

Do you write a business plan in first person?

Traditionally any formal document, including a business plan is written in third person.

How long should a business plan take to write?

When it comes to how long founders should devote to writing a plan, Greene and Hopp found that three months was the optimal time, increasing the chances of creating a viable venture by 12%. “Spending any longer than this was futile, mostly because the information used to inform the plan loses its currency,” they write.

How many years should a business plan cover?

Here are some guidelines on what to include for a new business: Monthly cash-flow projections for the first two years or until you achieve profitability (whichever is longer) Profit and loss projections for the first 3-5 years. Balance sheet projections for the first 3-5 years.

What are the disadvantages of a business plan?

Here are some of the other disadvantages that should be considered.

A business plan can turn out to be inaccurate.
Too much time can be spent on analysis.
There is often a lack of accountability.
A great business plan requires great implementation practices.
It restricts the freedom you once had.