As with any other kind of business, starting a sandwich shop requires money, resources and the approval of state and/or city officials. The first thing any entrepreneur needs to do before starting a business is to request the appropriate business license and permits.Continue Reading
After acquiring these documents, a sandwich shop owner would then need to contact the state health department to learn which regulations are in place for owning and operating a sandwich shop. Next, the business would then need a location for operations. It is best to choose a highly populated area with minimal competition and a location with affordable rent.
In addition to the building, a sandwich shop requires various kinds of equipment depending on the menu offerings. Also, seating would need to be purchased if the sandwich shop is styled similar to a restaurant. Before opening the sandwich shop, there may also be a need to hire employees. This requires filing additional paperwork with the state and/or city, and possibly even a contract with a payroll company if the owner does not have knowledge of bookkeeping.
There may also be additional costs, such as advertising, signage and supplies. What is needed to open a sandwich shop ultimately depends on the size of the business and business design. To start a sandwich shop without funding, a business plan is needed to apply for a business loan.Learn more about Business Resources
Physical resources are the material assets that a business owns, including buildings, materials, manufacturing equipment and office furniture. Physical resources can be sold if a business is facing a cash flow issue.Full Answer >
Financial controls are the policies and procedures put into place by a business or organization to track, manage and report its financial resources and transactions. Financial controls include, but are not limited to, income statements, cash flow statements, budget sheets, accounting systems and operating ratios.Full Answer >
The physical resources of a business include all the tangible resources owned and used by a company such as land, manufacturing equipment and office equipment. Information technology and its attendant equipment, computers, networks, servers and others, are included in the category of physical resources.Full Answer >
Unethical and ethical business practices can both make money legally, but while ethical business can be more difficult to conduct it also builds longer-lasting customer relationships and constructs recognized and respected brands. Unethical business is not bound by consideration for customer well-being and can thus profit without scruple.Full Answer >