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Published byAllison Cole Modified over 9 years ago
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CATERING START-UP TIPS FOR SUCCESS
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ESSENTIAL RESOURCES WHAT ARE SOME NON-NEGOTIABLES TO START YOUR BUSINESS? LIST 3
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COMMITMENT EXCELLENT FOOD QUALITY SUPERIOR SERVICE IS NON-NEGOTIABLE REQUIRES LONG HOURS HIGH STRESS PHYSICAL FATIGUE HOW MANY HOURS PER WEEK CAN AN INDEPENDENT CATERER EXPECT TO WORK IN THE FIRST FEW YEARS?
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CAPITAL HAVE RESERVE FUNDS EQUAL TO 6 MONTHS OF FIXED EXPENSES AND HALF OF LABOR COSTS. OTHER EXPENSES SHOULD BE CONTROLLABLE WHAT ARE SOME EXAMPLES OF FIXED COSTS?
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LOCATION KEY FACTOR SAFE VISIBLE LOCATION IF OFF-PREMISE SHOULD STILL BE EASILY ACCESSIBLE TO TARGET MARKETS WANT IT TO BE CLOSE TO EVENT VENUES
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KNOWLEDGE ABILITY TO PROVIDE FOOD AND SERVICES IN A WAY THAT DIFFERENTIATES THE BUSINESS FROM OTHERS. EXPERIENCE WITH KITCHEN EQUIPMENT AWARENESS OF LICENSES, PERMITS, & INSURANCE REQUIREMENTS
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CREATING A BUSINESS PLAN BUSINESS DESCRIPTION MARKETING COMPETITION OPERATING PROCEDURES PERSONNEL INSURANCE FINANCIAL DATA LICENSES AND LEGAL DOCUMENTS
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WHAT IS THE VALUE OF CREATING A BUSINESS PLAN? EXAMINES FEASABILITY PROVIDES REALISTIC VIEW OF PROFITABILITY BRINGS COMPETITION TO FOREFRONT ATTRACT INVESTORS FIND YOUR NICHE! STARTING A CATERING BUSINESS
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KEYS TO SUCCESS… TIPS TIPS IS THERE ANYTHING YOU CAN THINK OF THAT IS MISSING?
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