Easy Way To Start Your Food Business

During these hard days, everyone is searching high and low for ways to earn and make both ends meet. Employment is one of the options. Unfortunately, not everyone can avail of this opportunity, either due to the limited availability of jobs or due to lack of qualifications for the jobs available.

Another means to earn is to go into business which I believe is a better and a more promising option. Here are some simple and practical steps that may guide you in putting up a food business the easy way:

1. Start! As in any endeavours in life, getting started is the most difficult part. Procrastination is the first hurdle we must overcome. We may have the best idea but it remains just that, an idea, until we do something tangible about it. How?

a. Set your goal. If you have a passion for cooking, decide what aspect of your culinary expertise you want to utilize for your business (do you plan to put up a small restaurant? do you prefer to go into catering? will opening an outlet for special delicacy fits you best? etc.) Directly targeting a particular aspect of the business makes it more achievable. Avoid being overwhelmed at the start by targeting several possible aspects of the business at the same time.

b. Learn all you can about the food business and add details to your idea to make it more concrete. Read, surf the net, browse over articles in magazines, attend seminars and exhibitions, consult with friends or associates who are or had been in the business. You can learn from their experiences, be they good or bad.

c. Once you have decided which aspect of the food business you think will fit your dream, think of how you will finance it. This may seem to be a major problem but it need not be.

2. Plan how you will finance your dream business. Depending on what you plan to put up, decide how much you are willing or is capable of investing. For a first-timer it is good to plan for a modest, single propriety business. This is a more prudent step to take to minimize possible losses in case things do not go as expected at the start. Also, this will avoid first-timers’ over concern on failing and affect momentum in your plans. To help you finance your dream, you may want to consider these financing sources:

a. Your personal saving

b. Applying for loans with your bank, credit groups, friends, relatives, or NGO organizations. It is advisable not to exhaust your credit limit from any one possible source. Also, approaching as few as sources as possible (preferably only one of them) allows you more fall back assistance in case you grow bigger and require additional financing.

c. Get a business partner who shares the same passion as yours.

3. Now, you are ready to start your business. Consider these important aspects of a business.

a. Location: This may not be a priority if you plan to go into catering but just the same, your cooking facility should be within the area of those you plan to serve. Delivery should not take so much time so fresh food reach your clients faster. This will also save you transport expenses.

However, if you are opening a food outlet like a restaurant, a small stall, or a food cart, consider a place where traffic of potential clients is from moderate to heavy. A stall in food court in malls is a good consideration plus it may cost less than renting a separate space in a shopping complex (but preferably near the food centre as well).

b. Personnel: At the start, hire a minimum number of people. For a small outlet, a cashier (which may be you), two servers, two cooks, and a busboy will suffice. Using disposables will eliminate the need for a dishwasher. But if it is a stall in a fast-food or food court, you dispense with a dishwasher even if reusable utensils since food court managements provide this. Also, there will be no need for a busboy. Daily marketing for supplies can be assigned to your cooks.

c. Work on all the necessary government and health requirements to open up a business legally. Legalizing your business saves you a lot of troubles later on.

d. Marketing strategies: As in any business, advertising play a big part if your are to grow. Here are a few suggestions you may consider:

1) Flyers to let clients know what you offer and for how much.

2) Offer a special price (and smaller portion) for a particular item for the day. This is to let them sample your food without giving it away for free.

3) Offer a free meal for groups of 4 or 5 (whichever is viable to your budget).

4) “Bring-a-friend” incentives (you may give special discount cards to your endorsers).

With the above guidelines, I hope you will find it easier to START your dream food business soon.

NOTE: There are those who engage in this business who give up after only a few months of operation. Among some reasons for this are:

a. Lack of sustained interest.

b. Realization of a better business venture for them. A change of heart is not uncommon.

c. Seeming “slow” growth of the business as per their expectation. Remember, there is a sound Latin adage that says: “Festina lente”(hasten slowly) which can be adopted in running a business.

d. Loss of patience due to the feeling that the business does not seem to grow at all. Usually this situation happens when we fail to apply simple arithmetic in running the day-to-day operation of the business.

Remember that doing exactly the same thing results in getting exactly the same result each time. So if the amount of your investment stays the same each day, your profit will be as was yesterday’s as well. What to do? This may seem to be a slow process BUT it surely works:

At the end of each day, compute your gross income. Deduct a certain percentage of that income (1% or 2%) and add that to your investment for the following day. In this way, your investment grows by so much EACH day painlessly. You will be surprised that your investment (and your net profit) has grown so much in a month’s time or two!

GOOD LUCK!

Starting a Wholesale Food Business

Those who enjoy making gourmet food are always eager to demonstrate to their friends and relatives for them to taste the delicious dishes they like making. A more useful way to let people sample your favorite and best dishes would be to start a wholesale food business. In this way, you would be able to make money as you continue to serve people with wonderfully made food.

When you get to start this kind of business, the first thing is to invite the friends or relatives to just come and sample the food free of charge and as they do so they will be coming back for more. It is a means of getting contacts and clients for your business.

Offering to volunteer at social events in the schools, or other such places can also help to spread the news about your cooking. Take with you several types of dishes that are your best and get as many people as possible to taste them.

Once you finish with this, the next step will be to serve at small parties and gatherings at house functions. People will soon begin to ask for more of your food, and this will give you a good client base.

Any invitations to people’s parties or houses should be accompanied with one dish or the other which you will use to entice people to start enjoying your food. In this way, you will keep introducing people to a list of dishes that they will find interesting.

As people begin to get interested in you and the selfless way you offer to feed people, you will form many friends who will be commenting about your food most of the time. That is a clever way of winning customers and very soon you will be making some sales on the side.

Also consider serving at community events and meeting more and more people there as end up building your circle of friends. The community activities might just be to volunteer to serve at a booth in a church compound, or school event. It will offer you a golden chance to display your best dishes and serve people freely.

To cut down costs, go for affordable foods and smaller portions, but do not charge expensively for them. At first it will be a bit difficult but eventually when the customers start to like your food, you will be able to recover the moneys you spent at this early stage.

Whenever you go to functions, people will slowly get used to eating your best dishes and they will begin to ask for them.

How to Introduce Your Gourmet Food Business

It is most likely that you often invite your friends and relatives to keep sampling your best dishes because you love gourmet foods. People who love cooking so much are always doing this, but the best way to expose your dishes to people is by opening a food business.

To introduce as many people to your gourmet food business as much as possible, just invite as many of them as you can on the day you start producing the food and let them taste your cooking free of charge. You need not implore them to come and buy, but just tell them to feel free to serve themselves. That is how you will end up with loyal customers.

You could also go as a volunteer at a school function or a place like that where your cooking will be sampled by all. If you take time to make as many varieties as possible for such occasions, you will soon find parents and staff, asking about your dishes.

This will start landing you some invitations to serve at smaller functions, house warming or birthday parties. That is a good way to start acquiring a small customer base.

Another step to take is to attend as many house parties as possible and be sure to carry one of your favorite gourmet food items. As they begin to praise your dishes, you will be signing on customers without them knowing it.

Of course many people will begin to notice you and your kindness. It will win you many friends and as the social circle continues to widen, so will your list of future customers. You might also find that a few people will begin to buy from you.

If you care to join some community activities; like volunteer work in a church, school or social center, it will give you a good opportunity to meet more people and let them sample your food.

At first it will be expensive on you as you try to charge moderately for the food, but you must keep it up. To do this, you will need to do your shopping economically and serve just small portions which will not drain more of your money. Remember when one day the business starts to grow; will be a good time to recover your costs.

Carry with you some of your best dishes as you go to different functions, and your list of gourmet food items will continue to grow on people’s pallets. Soon they will start looking for you to sell to them.

What You Need To Know About Food Business Consulting

A lot of effort and work can go into manufacturing a new food product before it hits the shelves, and is ready to be purchased by the public. There are so many different food products on the market these days that it is hard for companies to launch new products, without spending a lot of time and money on product consulting.

Any company that wishes to bring a new product onto the market, will need to be fully up to speed on the latest market trends, otherwise their new product could well turn out to be a spectacular, not to mention costly, failure. In this article, we will look at the importance of food business consulting, and how it can help you when launching a new product.

Getting to know the market trends

Market trends tend to change quite rapidly and what is popular one day can be unpopular the next, however, one trend in the food industry which is here to stay, is healthy eating. Whether it is low fat, low salt food, or something made entirely from organic produce, the health food market is one of the fastest growing in the world. With so many food manufacturers coming under fire for the high fat and salt content of their foods, more and more companies are looking at ways to market their products as healthier than they once were. With more people becoming health conscious, it would be wrong for the food companies not to embrace the new culture of healthy eating. However, there is still a lot of work that needs to take place before a company can launch a new healthy product onto the market.

Getting the balance right

For all those people who want healthier versions of their favorite foods, there are still plenty of people who would rather keep buying the more traditional version. And this delicate balancing act is something that most food producing companies need to find, if they want to make their products a success. This is where food product consulting can help, as this will involve keeping an eye on market trends and doing some market research.

It is not just the ingredients that can sway people into buying a certain product, the packaging is also important to product development. The history of the food manufacturing industry is littered with products that failed to attract sufficient sales, because the packing was badly designed, and it did not give the consumer enough information about the product. So this is something else that food product consulting can help with.