I wish I were penning this blog from a beach in the Bahamas. Alas I am not. It comes direct from my living room having spent Sunday morning dreaming up some weird and wonderful ideas on how to maximise opportunities at Tea. The reason for the brainstorm: Tea celebrated its 2nd birthday on Friday and amid all of the pats on the back and congratulatory hand shakes, there was a part of me which thought '2 years of planning and raising finance, 2 years since opening, several hundred sleepless nights, blood, sweat, almost tears and from what I can gather, more of the same to come'.
We always envisaged Tea as having the potential to span several areas within the world of tea with the teashops providing a showcase for our brand, products and ethos. To some degree this has worked with a number of opportunites coming our way as a direct result of having a high-street presence. I am not aware of another tea company with a high-street, online and retail offer. Having a high-street presence does however have its downside as it is a never-ending battle and drain on resources to keep ahead of the competition and ensure that consumers are spending their hard-earned cash with you. In addition to the customer element, there is staffing, health and safety, administrative duties etc. All of which conspire against your time and energy to ensure that outside of the teashop, there is little time to create the value and fulfil the potential that Tea has. In short, running a teashop in the current climate is pretty damn tough and exceedingly frustrating hence the Sunday morning brainstorming session.
If only a few hours on a Sunday morning were the panacea, we would have done it a long time ago. We do however have a clearer understanding of where we would like to get to and how we think we are going to get there. I say 'think' as from experience, regardless of how good the planning stage is, once plans get underway and are influenced by real life, they have a habit of changing quite radically from those highlighted at the outset. It is important to continuously review strategy, plans, goals and expectations, as they will change as time goes by. I suspect that moving Tea to the next stage will be as difficult as conception, inception and the first two years of business, which is why it important to try and enjoy the ride regardless of how choppy it may get.
Let's face it, if it were easy, everyone would be doing it.
Showing posts with label online teashop. Show all posts
Showing posts with label online teashop. Show all posts
Sunday, 10 May 2009
Sunday, 26 April 2009
It's been a while
I can't quite believe that my last blog was back in February. I apologise profusely to my two fans. I promise to be less remiss in the future and post at least one blog per month. Since the last blog, things have gone a little crazy at Tea: we have been working on our spring/summer food menu, provided tea for the goodie bags at a fashion-related press day, hired new staff, lost old staff, installed a dedicated tea retail unit (images to follow), developing international delivery for our online teashop (exact date to follow), and negotiating the lease on our second teashop. We are hopeful that a combination of the aforementioned will ensure that we are well placed to ride out the current climate and emerge as a stronger business when things inevitably pick up.
In difficult times, some businesses choose to scale back and concentrate on the core business, which is a strategy that can work well. At Tea however, we have decided to invest in the business and try and spread our risk by looking at generating new revenue streams. Time will tell whether this strategy has worked but the intitial signs are encouraging especially in terms of our retail sales as a direct result of the retail unit. We are very hopeful that the launch of international delivery will help us to meet the online sales targets that we have set for the coming 12 months. We receive several emails per day regarding international delivery so are confident that there is a demand for our teas overseas. Again, time will tell whether we are successful in this area but if you don't try.....
In difficult times, some businesses choose to scale back and concentrate on the core business, which is a strategy that can work well. At Tea however, we have decided to invest in the business and try and spread our risk by looking at generating new revenue streams. Time will tell whether this strategy has worked but the intitial signs are encouraging especially in terms of our retail sales as a direct result of the retail unit. We are very hopeful that the launch of international delivery will help us to meet the online sales targets that we have set for the coming 12 months. We receive several emails per day regarding international delivery so are confident that there is a demand for our teas overseas. Again, time will tell whether we are successful in this area but if you don't try.....
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business,
london,
online teashop,
st paul's cathedral,
tea,
tea overseas delivery,
teaconomy
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