What To Consider before starting your own Catering Business
The benefits of starting your own catering business could truly be enticing, however, you need to know the basic things before running your business. You can sign up with an organization like foodtradeconsultants and learn from them. Foodtradeconsultants, with their years of experience save you a lot of time and money. Until then, go through these basic considerations on starting your own catering business.
- You have to first and foremost determine if your state allows you to produce commercial food in your home. Currently, there are 31 states following a food law for this kind of business, there are even some states that impose certain limitations on the types of food to be prepared in a home-based setting as well as a limit on annual gross income from these businesses.
- Just like any other business, you need to have a startup capital to get things started. Determine your initial costs for licenses, permits, equipment and variable costs.
- Determine your target market. Depending on what you are selling, strategize on how to catch the attention of your audience as well as giving them reasons on why they should purchase your goods.
- The location to market your goods can also make or break your business. You may start of by joining local festivals, gourmet markets and special events. You may also try selling through ecommerce websites, again, just make sure that you properly follow your local requirements.
- If renting a commercial space is not in your options, carefully evaluate if you are willing to take in all the production materials in your home. Do you have enough space in your kitchen? Can your fridge store all your raw materials?
- In reference to no. 1, make sure that your local laws and village association allows you to operate your business in your home kitchen.
Guest Post By: Food Trade Consultants. Educational providers for entrepreneurs who want to enter the commercial food manufacturing business.