At the time of the recording of this podcast, Friday Afternoon Feb 25th, Russia had invaded Ukraine and the conflict was in full escalation. While the physical conflict, for the time being, is contained within those two countries, the implications for the global economy in the financial and commodities sectors will be felt across the globe. This will undoubtedly have ramifications on the coffee industry to differing degrees.
Read MoreIf you're considering opening your first business in the coffee industry in 2022, please PLEASE watch this episode and consider why, in my opinion, this may not be the best year to do that. And please remember that all these podcast episodes are general information and not meant to be advice for your specific business. Find a consultant that can help you make the best decision.
Read MoreFollowing on from a challenging 2021, the economic and logistical volatility of this moment is proving to continue to place downward pressure on all stakeholders in the industry, even the ones making more sales than before the pandemic.
There are a few bad apples taking advantage of this situation and trying to outplay the system using (what they think) are smart tactics. Unfortunately, it's a play that ends badly for everyone. Find out more in this episode of The Daily Coffee Pro Podcast by MAP IT FORWARD.
Read MoreWe produce a lot of content on this podcast - an episode every weekday! You told us that, while you love all the content, it's super hard to get through an episode each day of the Daily Coffee Pro as well as the long-format conversations with guests that we release at the MAP IT FORWARD Podcast...so, we're kind of combining the two to come up with a new format. Check out this episode for more details AND be sure to check out our next episode for our first "new" format podcast.
Read MoreThe past two years have given employees in labor forces around the world the opportunity to assess if their job is returning an adequate ROI (return on investment) for their investment of time and effort. This conundrum has been prevalent in the hospitality industry at large for decades.
The momentum of the great resignation from the past two years allowed this generation of employees within the coffee industry the opportunity to finally start addressing this issue and take action on their dissatisfactions. The result is a definitive divergence in our labor force.
Read MoreTraditionally, business owners sell coffee products (bags or cups of coffee) based on what customers are willing to pay as well as what their closest competitors are charging. This has created a "race to the bottom" mentality as businesses use competitive pricing to win customers.
When businesses participate in this kind of irresponsible pricing practice for an extended period, everyone loses. The supply chain, the business, the employees, and the customer.
In this episode of the Daily Coffee Pro by MAP IT FORWARD, we explain what responsible product pricing is and why everyone benefits when you approach your business this way.
Read MoreYou'd think with the volume of cafes and roastery's that open, the profit margins for running such businesses would be huge AND that they were fairly easy businesses to run.
The truth of the matter is, net profit margins are very slim (like very VERY slim) and far more exhausting to operate and maintain than the first-time owner-operator could ever fathom.
So why do SO MANY people fail at making the profits they expect to make in the coffee game and is it rigged against success? Check out this episode of the Daily Coffee Pro Podcast by MAP IT FORWARD to hear our thoughts.
Read MoreWe've been promising it for some time but it's finally here! We've launched our Patreon channel and we've got two very good reasons for doing so:
1. we're working on shifting our business model to one that will become independent from sponsors and,
2. We're creating a supportive community called the Global Coffee Thinktank as a basis for coming together in what we at MAP IT FORWARD believe is set to be one of the most volatile and definitive years for the coffee industry, coffee small businesses, and coffee professionals, in history.
In this episode, we'll explain how our Patreon (and the Thinktank) is going to work, how you can join, and why we need a community of people conspiring to each other's success more than ever. We hope you'll click the link below today and join our Patreon channel.
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