How To Start Your Own Catering Business From Home – Are you preparing a bad Chicken kyiv or are you creating an especially large buffet? Others may think so too, to the point where you should consider starting your own restaurant business. But just because you’re a great cook or baker doesn’t mean you have what it takes to run a successful restaurant business. By following a detailed pre-launch research plan, you can determine in advance how likely you are to achieve your dream of starting your own small business and making it work.
The first step in starting a restaurant business is to check who else caters in your area. View your competitors’ menus, list of services, prices and customers. Visit their websites and see if you can find their unique business benefits quickly. You might think that successful restaurateurs sell food, but you would be wrong. Sure, you start with your food, but why would customers buy that food from you instead of somewhere else?
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Food shoppers can find great food from a wide variety of local vendors. When they buy food, they are looking for more than food, they are looking for benefits. To be a successful restaurateur, you need to sell convenience, affordability, a unique menu, corporate style, or white glove service.
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If you are looking to arrange in-home catering for private parties, reach out to your friends with a quick survey. Ask them if they use catering services and why they hired certain caterers, what they liked about the caterers, and what they would look for in another caterer.
To help you determine what your potential customers want, reach out to your business friends to find out what their businesses are looking for in restaurant owners. If you don’t have personal contacts who can help you, reach out to potential customers. Let them know you’re not selling anything and just want to ask a few questions about what they want restaurant owners to offer. But make sure you take the time to find the right person to contact at each company or you will be rejected.
This will help you gather information about the services (such as set up, break down, staff, cafe, etc.) that corporate customers want other than food. You can find out how these businesses budget for catering and how often they use catering. These talks or email exchanges will help you launch your business with perks or perks that you know customers want, rather than what they want.
You might think you should start with your restaurant concept and research how to start your business from there, but you assume people will like your idea and want to pay for it. Starting with market and customer research will help you decide what type of restaurant to offer. Once you know who your potential customers are, what they want, and what your price range might be, you can decide what you should offer to attract enough customers to turn a profit.
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How to Brand Your Business: The Beginner’s Guide provides invaluable information on how to determine your niche, target your product or service to specific customers, and manage your brand once it’s launched. You can go very narrow (corporate events) or offer a wide variety of catering services. But if you try to be everything to everyone, you won’t be “nothing to anyone”. If you want to offer a wide variety of food services, set up several pages on your website and create several brochures or sell sheets that sell each service separately. Niche options for a small caterer include:
Within your niche, you can further narrow your offerings by focusing on a specific type of food, such as barbecue, healthy foods, vegetarian, high-end menus, or affordable menus.
Regardless of the type of small business you are starting, there are several common startup tasks that entrepreneurs need to complete. This includes getting a business license from your city or town, getting a PO box, setting up a website and email address, setting up a company, and getting liability insurance. If you are part of an HOA, you will need to check with your city if your business meets zoning requirements and check the homeowners association rules. Find more tips on the basics of starting a small business in our guide, How to Write a Business Plan the Right Way.
In addition to these general tasks, you will need to contact your state health department to find out how to obtain a food service license and ensure that your cooking, storing, transporting and serving equipment meets the required standards. Some states require you to take a course and become a certified food manager or hire someone to prepare and serve your food.
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To determine how much it will cost to start a restaurant business and how much it will cost to run it once it opens, create a budget. Our recent article on small business budgeting for beginners tells you everything you need to know about projecting your expenses for a new small business.
Plan to spend at least several thousand dollars in start-up costs to upgrade your kitchen and kitchen equipment, get your licenses and permits, upgrade your office equipment and marketing materials, and get the word out. Depending on how big you want to grow, your initial investment can exceed $10,000.
If you answer all the questions related to your business before you start, you will be much more likely to be successful with your restaurant business than trying to solve them as they arise. A written business plan isn’t a difficult document to create if you work on one piece at a time. Don’t Reinvent the Wheel: Follow the steps in How to Write a Business Plan Correctly (mentioned earlier) to learn how to create a business plan that answers all of your questions before putting your first dollar at risk.
Researching how to start a restaurant business doesn’t mean you have to put in the effort. Starting a business plan doesn’t cost you a dime and it doesn’t require you to start a business. Breaking the research and planning down into small chunks that you can tackle over a period of months will give you a better idea of what it will take to launch your dream business. Yes, you can do most of your research in about a week, but you don’t really need to go that fast.
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Don’t stress about creating your business plan in 30 days or less. Set multiple deadlines to complete each section of your business plan or you may never start or finish, but don’t just set a finish date without a roadmap for getting there.
Work on your plan when you are excited and interested in working and you will be amazed at how quickly you can figure out what it will take to start your own restaurant business.
Inc.: How to Start a Food Service Business Food Service Warehouse: How to Start a Home Food Service Business National Federation of Independent Businesses: How to Start a Food Service Business Food Service Warehouse: How to Start Your Own Food Service Business Entrepreneur: Food Service
Sam Ashe-Edmunds has been a consultant and small business owner for over 25 years. He has written for various magazines, newspapers and websites including Entrepreneur, Chicago Tribune, Kron Small Business, AZ Central Your Business, The Nest, Jax, Motley Fool, Synonym Money, GlobalPost and Opposing Views. According to the US Office of. Among the labor statistics, just over half of the companies (50.9%) survive the first five years. After 15 years, only one in four remains (25.9%). Starting a business is difficult. Achieving long-term success is even more difficult.
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So what does it take to be a loser? In the restaurant business, it takes a love of cooking and a passion for customer service, but also business acumen. To go from day 1 to day 5,475, you need a detailed business plan, the right technique, and an optimization strategy.
Most successful endeavors start with a plan, and businesses are no different. You can always refine your plan, but you need a roadmap to work from. Here’s what you need to do:
The restaurant industry is a competitive one, so it’s not enough to be a great restaurateur. You have to specialize. Pick a niche that differentiates your restaurant business and appeals to a specific audience, preferably one that fills a gap in your local market.
Your niche can be one type of food, such as vegetarian or gluten-free, a style of dining, such as high-end service, or you can focus on specific events, such as corporate events. Once you build an audience in your specialty, it will be easier to expand because you already have an audience that trusts and appreciates you.
The Ultimate Guide To Starting A Catering Business
Want proof? Check out Dollar Shave Club. They started out selling a “fucking awesome” product (the razor) to a very specific audience (men) in a very specific way (as a subscription). Now both sell a wide range of men’s grooming products.
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Hi, I am Erick Norman. A blogger specialist in Kitchen Design.