Wake up cafe
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The document summarizes the business plan for Wake Up Cafe, a coffee shop located in Maple Grove, Minnesota. It outlines the location, staffing, grand opening flyer, demographics, competition, products, pricing strategy which adjusted based on weather, placement near Central Park, promotion through social media, graphs of revenue and cups sold vs. weather, customer feedback, and a SWOT analysis. The conclusion states the cafe opened in 2016 and aims to provide delicious coffee and a warm experience for customers.
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IntroductiontoBusiness-PPT-Ch14.pptx
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promotion.pptx
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The Tax Cycle - W-4 Form.pptx
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Price Strategies.pptx
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- Hollywood Studios - $46
- Animal Kingdom - $44
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So Disney bundles entrance to its different parks and offers a bundled "hopper" option that is priced lower than buying individual entries, encouraging visitors to see more than one park in a day. This is an example of product bundle pricing.
Bitcoin Pros and Cons.pptx
This document outlines both the pros and cons of using the Enigma machine. The pros include transparency of transactions, decentralization, potential for privacy when using pseudonyms, and global accessibility. However, the cons discussed are volatility in value, lack of government regulations and consumer protections, irreversible transactions, scalability limitations, and major environmental impact due to the large amount of electricity usage required.
Food Truck Product.pptx
The marketing mix refers to the strategic tools and activities used by companies to market and sell their products, including the traditional 4Ps of product, price, promotion, and place. It has expanded to include additional Ps like people, process, and physical environment to encompass services. A product can be a physical good, service, experience, information, or idea and companies differentiate their products through various attributes related to the product itself, packaging, labeling, and after-sale services and support.
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Management Team.pptx
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Taking Stock Fall 22.pptx
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The document discusses market segmentation and targeting. It defines key terms like market, market segment, and target market. It also outlines the important factors to consider when developing a customer profile and segmenting the market, including demographics, psychographics, geographics, and buying behavior. The key characteristics that define different market segments are identified as important considerations for targeting the right customers.
Fundamentals of Investing.pptx
The document is a presentation on the fundamentals of investing. It defines investments as assets purchased with the goal of providing additional income through returns on the asset itself, but with the risk of loss. It discusses the differences between savings tools that are liquid versus investment tools that may not be as easily converted to cash. The presentation covers various investment vehicles like bonds, stocks, real estate, mutual funds and index funds, and how each aims to provide returns through mechanisms like interest, dividends, rents, and capital gains. It emphasizes the importance of diversifying investments across different asset classes to reduce risk.
Fundamentals of Investing.pptx
This document is a presentation on the fundamentals of investing that covers several key topics:
- It defines investments as assets purchased with the goal of providing additional income but with the risk of loss. Investments are less liquid than savings.
- Common investment tools include bonds, stocks, real estate, mutual funds and index funds. Each provides different types of returns like interest, dividends, rents or capital gains.
- Diversification and asset allocation are important strategies for reducing risk. Investors should consider their risk tolerance and time horizon when choosing investments.
- Tax-advantaged retirement accounts can help savings grow tax-deferred or tax-free until withdrawn. Employer-sponsored plans may include matching funds.
IntroductiontoBusiness-PPT-Ch01.pptx
This document provides an introduction to key concepts in business and economics. It outlines several learning outcomes, including understanding how businesses and organizations help create standard of living, the sectors of the business environment and how they influence decisions, features of economic systems and how the three sectors of the US economy are linked, and indicators of a nation's economic health like growth, employment, prices, and inflation. It also discusses microeconomic concepts like demand, supply, and market structure as well as trends shaping the current environment.
Save Early & Often.pptx
This document provides information about saving money and building wealth through savings and investments. It discusses resisting temptation to spend, setting savings goals like emergency funds or down payments, and starting to save early. It recommends saving 10-20% of income and provides examples of differences between savings and investments. Students are prompted to reflect on when the right time is to start saving and challenges to saving, and are given a savings calculator tool.
Banking Fees & P-P Payments.pptx
The document discusses various banking fees, including average ATM fees, overdraft fees, and ways to avoid fees. It provides information on setting up alerts to avoid overdraft fees and explores checking account agreements and overdraft fee amounts across different banks. Peer-to-peer payments are discussed as an alternative to credit cards or banking transfers, along with associated risks and tips for making money transfers safely.
How Checking Works - spring.pptx
This document provides information about checking accounts. It begins by stating that a checking account is most people's first exposure to the financial world and asks what questions the reader has about checking accounts. It then lists some essential questions, such as how checking accounts work, the benefits of having a checking account, and how to read a bank statement. The document continues by discussing the disadvantages of not having a bank account, how banks and checking/savings accounts work, differences between checking and savings accounts, reasons to open a checking account, depositing and withdrawing money, comparing prepaid cards to debit cards, and reviewing bank statements. It concludes by providing an activity for students to explore a bank statement in more detail.
Part 3 & 4 Ideas.pptx
This document provides guidance on researching a company that currently sells a product. It outlines sections to research such as the company's history, headquarters, type of business model, primary products or services, major competitors, and the impact the product has had on the company's success, jobs, sales, promotions, and financials.
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Wake up cafe
- 1. Wake Up Cafe “Wake up. It’s Seven O’ Clock”
- 2. Location • I will be located at 12000 Central Park Way, Maple Grove, MN 55369, It’s usually very cold in Minnesota and they get very big snow there • The main factors of why I chose Minnesota is because it’s very cold up there and at my location a lot of tourists visit, Ice Skating loops around the park, Playgrounds, and tons of trails to walk around • This would be how my store would be layout, it would be a small building because mostly people will visit and enjoy things around Central Park Way • The staffing for my business will be… 2- cashiers 3- coffee shop managers 4-dishwashers/ stock people 10- back room (making drinks)
- 4. Demographics/Psychographics Demographics Psychographics • Coffee shops grows 10% annually • 66% buy coffee outside their homes instead of making it Competition • Biggest competition is Caribou Coffee. They have a lot of coffee choices and some choices no other coffee shop has and has good ratings
- 5. Product
- 6. Price • Series 1 is temperature • Series 2 is prices The weather did affect my prices based on the weather 0 10 20 30 40 50 60 70 80 90 Day One Day Two Day Three Day Four Day Five Temperature vs. Prices Series1 Series2
- 7. Place • This is where my location will be at, 12000 Central Park Way in Minnesota • This is a good spot for my business because so many people visit Central Park. • It’s also a good spot for tourists and many tourists are looking to see new things and try new things.
- 8. Promotion @wake_up_cafe For the whole month of November, if you tag us in a photo with Wake Up Café coffee you get 30% off any item @wake_up_cafe
- 9. Graphs Profit/Loss for the day Day One Day Two Day Three Day Four Day Five 0 10 20 30 40 50 60 70 Day One Day Two Day Three Day Four Day Five End of day revenue 0 20 40 60 80 100 Day One Day Two Day Three Day Four Day Five Weather vs. Cups Sold Series2 Series1 • Series 2 is cups sold • Series 1 is weather • This shows weather affected how much money I made This shows how much money I made at the end of the day This shows the money I lost at the end of the day
- 10. Excel Tables
- 11. Screen Pictures of Different Days
- 12. Customers Comments • Some comments were the prices were to high when it was warm • During the winter, people didn’t complain about the prices
- 13. Post Analysis Colder weather prices went up and more money was made Warm weather prices went down More sugar Feedback Major Slumps Buying to much stock Prices Not enough ingredients
- 14. Post Analysis Purchasing Strategy • For purchasing on Day One… • Price-$2.00 • 25 Cups • 40 Coffee • 20 Milk • 20 Sugar • Then just bought what was needed for other days Final Net Worth $258.8
- 15. SWOT Found good prices for different weathers Sold out a lot of sugar and milk Threats Opportunities Strength Weakness
- 16. About Us “Wake up. It’s Seven O’ Clock” Wake Up Café opened in 2016 for passion of amazing coffee taste Founders were Mike Talent and Sarah Talent We created this business to make delicious coffee to keep people warm Along the way, we created a very good business and top favorite coffee brand which was White Chocolate Mocha We want to be a business that creates a wonderful experiment taste for each customer and to keep them warm
Editor's Notes
- NOTE: To replace a picture, just select and delete it. Then use the Insert Picture icon to replace it with one of your own!