Thursday, April 25, 2019

Winning BizCafe from -3149 to +$9000 difference

Winning BizCafe from -3149 to +$9000 difference

 If you are in week 4 and up and your not doing good, Don't worry I got the key for you. You would rock this if you take notes of this and apply them to your BizCafe. Don't worry I feel your pain and worries and I'll be taking you step by step on how to win Bizcafe. My team actually had the same problem. We were doing really bad in the beginning, we were in the 4th or 5th place out of 8 groups most of the time. It was until week 4, that we started doing better. By week 8, we became 2nd but the difference between our group and the first group was 5000. By week 12, we beat the 1st group by 9000, our business had 9000 more revenue 2nd team. Our Team name was CoffeeCabin.

 

The winner in our game was the one who has the most Money $$ at the end of the business so basically after 12 decisions. But Even if you're business wins by who is doing the best and winning rewards, Don't worry I got you our business as well still got 6 out of the 6 awards.



The first thing you need to do is that Read the instructions of your BizCafe, and focuses on Marketing, and Employees. For our business, if our employees were happy, we made more profit. we had to make sure to hire lots of people and give them high pay as well. That increased our sales cups.

Step by step to win BizCafe:
Starting week: 
  • Set your price High between (5.99-4.99), when the price is high, you would be able to cover your expenses and as well make a profit. Your break-even point wouldn't be big, you're not gonna need to sell lots of cups and as well. The other business who started with a low charger for the coffee were suffering at the end of the game and couldn't make lots of profit even though they were selling more cups than we did. If you end up raising the prices, you would lose your customer. "if you set your price low, you set yourself to fail." - Dan Lok. 
    • DON'T SET YOUR COFFEE PRICE LOW
  • Open max hours ours was from 7Am-11Am
  • Choice Organic Coffee
  • Don't order a lot of coffee in the starting week, order around (20-25 lb)
  • Buy the insurance which would cost you $500, because later on in the game, you will have an accident and the insurance would cover for it. If you don't have insurance, you would end up paying $4000 to fix the accident.
  • For Marketing: do Gen.aware online and 10/day radio, in other word Maximize your marketing.
  • Hire around 20 employees and 2 managers. Again check in your instruction about the employees part. Pay them above min.
    • for example: our min was $10.25/hour. So we paid them $12.70 for employees and we kept increasing it until 14 later but we started at $12.70 and for the manager, we paid them $800, we kept rising it until $930. Make sure you have the most employees in the business. you can always check that under Market-> Local Labour
Week 1:
  • Special decision: we decided to go for a suggestion box which cost us $0. we thought that was enough for us.
  • for a coffee purchaser, you can purchase about 5-10lbs higher than what you sold
  • keep everything else the same
Week 2:
  • Special decision: buy the staff training going on one for $1200
  • for a coffee purchaser, you can purchase about 5-10lbs higher than what you sold or see if you sold more then buy more. make sure to use your coffee calculator. Keep doing this every week. 
  • keep everything else the same as well.
Week 3:

  • Special decision: buy the oven, it will bring lots of money later for you and it will help you to make more revenue
  • For weekends: open Maximum hours and hire a 3rd manager. Also, you should one more employee for the oven.
  • keep everything else the same as well.
Week 4:
  • Special decision: Do not advertise your coffee place as a fair-trade. The customers will find out and they would stop coming again to your place which means losing revenue.
  • Also, you can cut down for the Radio to 5spots/day. That's when you can start cutting down a little bit about marketing to reduce the expenses. but keep the online advertising.
  • keep everything else the same as well.
Week 5:

  • Special decision: Do not change your theme. The customers will be happy to find out that you didn't change your theme.
  • Also, you can cut down for the Radio to 5spots/day. That's when you can start cutting down a little bit about marketing to reduce the expenses. but keep the online advertising.
  • keep everything else the same as well.
Week 6:
  • Special decision: Choice the Radio show offer, simply because the person who is going to come has a lot of followers and it's like advertising on the radio but for cheaper price.
  • Also, you can cut down for the Radio to 5spots/day. That's when you can start cutting down a little bit about marketing to reduce the expenses. but keep the online advertising.
  • You can buy 20,000 cups for small and 10,000 cups for large.
  • The Price for the small $4.59-$5.59 and the Large $5.94-$6.94
  • keep everything else the same as well.
Week 7:
  • Special decision: we chose to fire the employee who was causing issues with the rest of the team. I believe that was the best decision but the result of that was the employee threatened to sue us, there wasn't actually a case for it but I'm just letting you know what happened. You can do the same or give notice to her/him. The most important thing is that you listen to your other employees and consider their feeling so they don't leave.
  • Also, you can cut down for the Radio to 5spots/day. That's when you can start cutting down a little bit about marketing to reduce the expenses. but keep the online advertising.
  • keep everything else the same as well.
Week 8: 
  • Special decision: buy the coffee roaster. that will make your coffee the best and more customers would come in.
  • Also, you can cut down for the Radio to 5spots/day. That's when you can start cutting down a little bit about marketing to reduce the expenses. but keep the online advertising.
  • keep everything else the same as well.
Week 9:
  • Special decision: We dealt with sexual harassment towards one of our employees. Ask the customer to leave the store because that would make your employees feel safe and would stay in your business.
  • Also, you can cut down on Radio (no more Radio advertising) and just do $0.50 off for online. That's when you can start cutting down a little bit about marketing to reduce the expenses.
  • keep everything else the same as well.
Week 10:
  • Special decision: DO NOT EXPAND. Expand doesn't mean it will increase your revenue or selling cups. It would just add more expenses for you and you might end up losing the first place. DO NOT DO IT.
  • Also, you can cut down on Radio (no more Radio advertising) and just do $0.50 off for online. That's when you can start cutting down a little bit about marketing to reduce the expenses.
  • keep everything else the same as well.
Week 11:
  • Special decision: We faced an irate customer. The only thing you have to do is to apologize for the customer and offer complimentary coffee. 
  • Also, you can cut down on Radio (no more Radio advertising) and just do $0.50 off for online. That's when you can start cutting down a little bit about marketing to reduce the expenses.
  • keep everything else the same as well.
Week 12:
  • Special decision: NO SPECIAL DECISION. :)
  • Also, you can cut down on Radio (no more Radio advertising) and just do $0.50 off for online. That's when you can start cutting down a little bit about marketing to reduce the expenses.
  • keep everything else the same as well.
This brings us to our conclusion, make sure to do the special decision every week, your employees and 90% at least of your customers are happy, being listened to, and satisfied with the service and wages. Marketing is a big player in this game, make sure your keep change your Marketing plan as I advised you above. The price of the cup is a very big factor as well if you start with too low, you find a hard time raising your coffee prices later and your break-even point will be so high. you would have to sell a lot of coffee cups to start making a profit.