Summary of The Financially Sustainable Coffee Business - Sasa Sestic & Nadi Elias

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00:00:00 - 01:00:00

In this video, Sasa Sestic and Nadi Elias discuss the importance of financial sustainability in a coffee business. They talk about averages, profitability, and how to maintain over a period of time. They also discuss the importance of being realistic about the business and having goals for oneself.

00:00:00 The speaker describes two experiences in which mistakes led to negative outcomes for the coffee business. Lennox, the company the speaker worked for, did not have a clear vision or mission, and Angus Mackey, one of the company's founders, helped the speaker to create a mission and vision for the business. The speaker and their team are working to improve the skills of their employees in order to achieve quality coffee.
00:05:00 Sasa Sestic discusses how he started out as a coffee shop owner, and how he learned to budget and focus on what is important to him, in order to create a successful business. He also discusses the importance of being true to yourself, and not trying to be someone else.
00:10:00 Sasa Sestic and Nadi Elias talk about the importance of having a financially sustainable coffee business, stressing the importance of having a team that supports and inspires one another. They also discuss how success can be lost when businesses start looking to imitate other successful businesses instead of focusing on their own unique vision.
00:15:00 Sasa Sestic and Nadi Elias share their story of opening their first coffee shop and the importance of hiring employees with similar values and personalities. They encourage others to look for candidates with similar personal values when hiring employees, as this will make the job easier and more enjoyable.
00:20:00 The speaker discusses the importance of having a passionate interest in what they do, which helps them to be more engaged and motivated in their work. She also discusses the role of coffee in the world and its various benefits to society. Finally, she discusses her own coffee addiction and how it has helped her in her work as an accountant.
00:25:00 The speaker discusses the importance of financial sustainability in a coffee business. He talks about averages, profitability, and how to maintain over a period of time. He also discusses the importance of being realistic about the business and having goals for oneself. The speaker ends the video by discussing the importance of self-care and being self-reliant in a coffee business.
00:30:00 The video discusses how you can make a positive impact in the world by starting your own business and being conscious of why you're doing it. It takes 11 years to develop your values, and it's important to communicate these to your team and customers. Being an entrepreneur means making some crazy risks, and if you're not doing that, you're not going to be successful. The video also discusses how you can simplify your business by understanding the different types of businesses and how they work.
00:35:00 The speaker discusses the importance of having a clear vision for one's business, as well as having a plan to execute on that vision. He also discusses the importance of having an exit strategy in place, in case things don't work out as planned.
00:40:00 The video discusses the importance of clarity in setting goals, having a vision for one's business, and controlling one's finances. It also discusses the importance of control in achieving these goals.
00:45:00 The video discusses the financially sustainable coffee business, focusing on the importance of systems and processes. Cardassia discusses the importance of documentation and offering guidance to help entrepreneurs succeed.
00:50:00 The speaker discusses how Sasa Sestic and Nadi Elias, two coffee businesses in Maryland, have succeeded in building profitable, sustainable businesses by focusing on sustainable practices such as reusable cups, organic farming, and creating involved customer relationships. He also points out that it is important for businesses to have a strong product and packaging, as well as a knowledgeable and engaged workforce.
00:55:00 In this video, Sasa Sestic and Nadi Elias discuss the financially sustainable coffee business. They discuss costs and how to control them, as well as how to maintain quality and consistency in the coffee business. Finally, they discuss how to negotiate and keep rent low in the coffee business.

01:00:00 - 01:10:00

The video discusses the financial sustainability of a coffee business. The business owner notes that, while wages are high, the cost of goods sold is low or lower than average because they make a lot of things in-house. The business owner also notes that the business owner does not do many sheets, which may help to explain the low cost of goods sold. The speaker discusses how businesses can be financially sustainable and how they can do this by being reactive to changes in the market and advancing on ideas with assistance.