Business Plan For Convenience Store

For example, at the moment we’re looking at our food-to-go offering and the possibility of making baguettes in-store.

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We’re having a great year this year - we’re 16% up, but next year may not be the same, so we need to be cautious about how we plan.”Meanwhile, Dean has a business plan for the year ahead and reviews it every quarter, setting himself three-monthly targets.

“I am trying to tighten it up and make it weekly,” he says.

“With energy costs, I might change the temperature of the alcohol fridge, or I might get more baking done early as the electricity costs are cheaper.

Or I might change supplier and negotiate better rates.”The major advantage of having a plan is that it enables you to monitor all aspects of your business in one document, thus providing you with a true overview.

You then have to question whether there are good reasons why it has changed.

Sometimes it might increase because the staff are doing longer shifts because the store is busy.

“An ageing workforce is great because the staff have maturity and experience, but the fact is that they’re over 60 and they may be thinking about retiring.

I’m already using my business plan to prepare for the future. They provide an opportunity to maintain consistent staffing (we can’t expect that from students), but their wages will be lower.”Business plans can be invaluable when it comes to troubleshooting, too.

Having reviewed my plan I can see that bank charges are an area where we can save money”Daniel Wilson, Scarborough Jim’s plan looks 12 months ahead.

“You can’t just write any figures in the plan, you have to be realistic,” he says.

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