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CATERING START-UP
TIPS FOR SUCCESS
ESSENTIAL RESOURCES WHAT ARE SOME NON-NEGOTIABLES TO
START YOUR BUSINESS?
LIST 3
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?
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?
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
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
CREATING A BUSINESS PLAN BUSINESS DESCRIPTION MARKETING COMPETITION OPERATING PROCEDURES PERSONNEL INSURANCE FINANCIAL DATA LICENSES AND LEGAL DOCUMENTS
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
KEYS TO SUCCESS… TIPS
IS THERE ANYTHING YOU CAN THINK OF THAT IS MISSING?