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CATERING START-UP TIPS FOR SUCCESS. ESSENTIAL RESOURCES  WHAT ARE SOME NON-NEGOTIABLES TO START YOUR BUSINESS?  LIST 3.

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Presentation on theme: "CATERING START-UP TIPS FOR SUCCESS. ESSENTIAL RESOURCES  WHAT ARE SOME NON-NEGOTIABLES TO START YOUR BUSINESS?  LIST 3."— Presentation transcript:

1 CATERING START-UP TIPS FOR SUCCESS

2 ESSENTIAL RESOURCES  WHAT ARE SOME NON-NEGOTIABLES TO START YOUR BUSINESS?  LIST 3

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?

4 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?

5 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

6 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

7 CREATING A BUSINESS PLAN  BUSINESS DESCRIPTION  MARKETING  COMPETITION  OPERATING PROCEDURES  PERSONNEL  INSURANCE  FINANCIAL DATA  LICENSES AND LEGAL DOCUMENTS

8 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

9 KEYS TO SUCCESS…  TIPS TIPS  IS THERE ANYTHING YOU CAN THINK OF THAT IS MISSING?


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