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Juice bar analysis
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Juice Bar
1. What factors have led to the growth of juice bars? Is there any evidence that this type of business may not be as successful in the future?
The growth of juice bars are due to the fact that people today are becoming more health conscious and feel a need to lose weight. People today go to gyms to exercise and either gain muscle or lose weight, and the addition of juice bars to gyms to keep people healthy, and also creating a new growing sector of the food industry. WIth health concerns becoming more and more important to people the juice bars will be seen throughout health spa and gyms for years to come, with no signs of slowing down. Juice bars, however will most likely see stiff competition from other people starting up local juice bar businesses, but other than that it will be nothing but success for those that stand out from the normal juice bar standards.
2. What are the advantages and disadvantages of starting a small juice bar business in your community?
Advantages
Disadvantages
1. You are your own boss.
1. Risk of Failure
2. You work hard because it’s something you enjoy doing.
2. No one to save you or bail you out on bad choices.
3. You will never work as hard for someone else like you will for yourself.
3. Long, long hours
4. Leading others
4. No vacations for year, no weekends either.
5. Forming strong relationships with employees.
5. No group Health Insurance
6. A successful business can provide great financial benefits.
6. Risk of being sued.
7. You learn and acquire great business skills.
7. Most business fail in their first years.