Small strides help wannabe cafe bosses realize big dreams
Owning a charming little cafe/bar/bistro that serves coffee has always been a fantasy in the largely tea-drinking China for decades, especially after the first cup of green-mermaid-labeled coffee made its debut in the bustling metropolises.
But change seems to be in the air as a growing number of cafes, promoted by young wannabes with hardly any experience, requisite capital or skills are springing up across Beijing, Shanghai and Guangzhou, fueled largely by the entrepreneurial spirit. The common thread that links these cafes is the joint ownership, rather than the thronging crowds one would expect at these establishments.
While the idea of crowdfunding, an alternate approach for start-ups to get investment by pooling money from individuals, is rather strange in China, (there are just four crowd-funding platforms, or websites in the country according to an Economist article in June 2012), many from the post 80s generation in China are bringing their cafe dream to fruition with a similar approach, though few have hardly heard about it.
“It’s more about realizing dreams, than making money,” said Yu Pengming, a 24-year-old postgraduate law major at East China University of Political Science and Law in Shanghai.
Read More at China Daily