The 8 most important things to get right in your bubble tea shop
Starting out in the business world, especially with a bubble tea shop, can be daunting, with numerous challenges awaiting. But with thorough planning and a keen focus on “The 8 most important things to get right in your bubble tea shop,” you can significantly reduce risks and heighten your prospects of success.
Drawing from the valuable feedback of numerous shop owners, highlighting their successes and lessons, we've distilled the paramount factors you need to manage meticulously.
Prepare a solid business plan
Identify all the risks and hazards you believe you may encounter, regardless of how unlikely or insignificant they may seem. You can filter these out later.
But thinking through the processes and understanding where your cash flow will come from and what your forecasted expenses may be will probably give you a greater sense of the volume of business required and, hence, identify your key performance indicators (KPI's).
Choose the right location
Making sure your shop is in the right location is so important for a food and catering business. Pick places with high amounts of pedestrian traffic, such as shopping malls, shopping streets, near schools or metro stations. This way, you can maximise the number of people who pass by your storefront.
Financial Planning
We mentioned cash flow in the previous point, but how much capital will you require to get off the ground? How will you fund the business until it can break even, then move into profit?
You will then need to identify whether the money you inject into your business will be in the form of equity or liability. Make sure you know the entire financial structure prior to any large financial commitments!
Consistency in your products
Of course, in a bubble tea shop, one of your flagship products will be a serving of bubble tea, and the pictures that you present will generate an expectation in your customers' minds.
Then you will need to deliver the same product all day, every day. Make sure your staff are trained to cook things to perfection and to minimise variation between batches.
Drinks must look and taste fantastic
Why do people buy bubble tea? Because they like the taste, or perhaps they were intrigued by the pictures they saw. You may only have one chance to wow a customer, so make sure your products can impress anyone.
Have you ever ordered something like a hamburger from a menu, only for it to appear totally different or sloppy on your plate? There is a similar principle here. Make sure the amount of tea, boba balls, and milk. etc., are all as you display on your promotional material.
Buy only the highest quality products
Here at Taipec, we understand the significance of quality in the bubble tea business. Our meticulous selection procedure ensures that only the finest bubble tea ingredients and products reach you.
With unwavering criteria on quality, as well as health and safety, we emphasise the importance of sourcing from the most reputable providers – a crucial step for any bubble tea shop aiming for excellence. Always choose a partner, like Taipec, who truly has your best interests at heart.
Not Marketing
Who is going to purchase your newly added bubble tea drinks if no one knows that it's being offered? Who is going to purchase Bubble Tea when no one knows what it tastes like? Good marketing does not mean that you have to spend a fortune.
How to address this? You can simply put up a poster in your window at customer eye level to engage the attention of people who are simply passing by. Another inexpensive way to market is through sampling. When your drinks are perfected and you are ready to start selling, have some samples out for people to try.
Management: Among the Important Things to Get Right in Your Bubble Tea Shop
A poor management system can be catastrophic. Neglect, stemming from poor oversight, can lead to the decline, and eventually the demise, of a business. It's crucial to vigilantly monitor your staff, ensuring they aren't giving away or wastefully using products, as these actions eat into profits.
So, how do we tackle this issue? A competent manager is not only adept at overseeing operations but is also an inspiring leader, fostering a motivating work environment. Investing in training and nurturing such individuals can be the key to ensuring they efficiently manage your business in your stead.
Starting and sustaining a thriving bubble tea shop is no small feat. It requires a meticulous blend of planning, execution, and passion. As we've journeyed through the 8 most important things to get right in your bubble tea shop, remember that each aspect plays a pivotal role in shaping the customer experience and your brand's reputation.
While you put in the hard work and dedication, allow Taipec to be your trusted partner in sourcing premium bubble tea ingredients, supplies and equipment. Don't compromise on the bedrock of your business: quality. Reach out to Taipec today, and together, let's brew success, one cup at a time.