Do You Have What It Takes To Start A Food Business?

Like it? Share it!

Having a passion for food, cooking up a gastronomic feast in your kitchen every night, and heading to restaurants to sample the latest cuisine might make you a bona fide foodie, but it doesn’t make you ready to start a food business. Becoming a restauranteur is tough. This industry has always been the toughest to crack with high rents, the need for nuanced business acumen, and the ability to tap into the foodie zeitgeist. Even the finest chefs across the globe have struggled at some point to keep their eateries afloat. If you are keen to give your foodie empire dreams a go, read on to see if you have what it takes.

Photo by Kristina Paukshtite from Pexels

Street Food

If you just want to test the waters with your foodie dreams, think about trying out some street food events, like the ones listed at https://traveltriangle.com/blog/food-festivals-around-the-world/ in the first instance. If you enjoy cooking a specific cuisine or food from your heritage, you might want to bring it to the masses. Hiring a small gazebo and paying pitch fees could be all you need to set up your stall. Investigate local health and safety legislation before signing up. The chances are you may need to sign up for an environmental health inspection to check your hygiene standards. You might need public liability and personal indemnity insurance to stay legally in line with event requirements. 

When at the street food event, ensure that you present yourself professionally. You might want your food to do the talking but you need to get people to buy from your first. Smile, talk to people, offer the odd free sample, and investigate your competitors. Price yourself too high and you won’t secure any business.

Eco-credentials

In the twenty first century, diners are more savvy than ever when it comes to choosing where they eat. Many young diners are keen to eat where the chef shows off his or her eco-credentials. If you head to a street food event, make sure that you use biodegradable containers and bamboo cutlery that can be recycled. If you are cooking with corn oil, don’t just pour it down the drain once you have finished cooking up a storm. Head to https://gfcommodities.com/our-services/yellow-grease-disposal and dispose of your oil ethically. You can even make some money by allowing your oil to be used in a more worthwhile way, recycling it as you cook your dishes.

Photo by ELEVATE from Pexels

Business Plan

As with any business, you need a plan. The food industry is no different. It’s crucial that you consider your funding as much as your food. The professional loan or investment that you can attract will make or break your ability to function. You need a premises that has footfall, is close to transport links, and that is surrounded by other likeminded competitors. Ensure that you have the budget needed to secure such a venue. Get suited and booted when pitching your ideas and know your gross from your net. Investors are investing in you as much as your food business. Take some samples of your cuisine and allow investors to try your food.

The food industry is tough to break into. However, make a name for yourself with your food and your empire could flourish.

Like it? Share it!

, , , ,

No comments yet.

Leave a Reply

Powered by WordPress. Designed by Woo Themes