There are many people out there dreaming about owning their own food business or restaurant one day. Before I had children I always wanted to own a cafe with a bookshop included. I love the idea of browsing books while having a bite to eat. Of course specialising in cakes and hot chocolate, as they go perfectly with books. At the moment with the girls, it’s not possible while they are still young, but a girl can dream!
Obviously, if you’ve come across this post, you have an interest in starting your own food business of some kind, so I will share with you a few tips on how to build that business from the start. Turning your passion for food into a successful business is not a dream, it can really happen.
1. Market Research
Being a hobby baker or cook is different from using your skills in a food business. Therefore you need to put in a lot of time and research your market. Questions like these need to be answered: Who is your customer? Who are your competitors? Why will you be different?
2. Prepare a Business Plan
Every startup needs a business plan in place. It may end up different by the end. But you need a place to begin. Having it written down on paper will make it easier to see where you are heading. There are many free templates online you can use to get the basics down. For example your goals, and of course how you are going to get there.
3. Prepare a Financial Plan
Starting your own food business is going to need investment at the start. It would be wise to have enough money to cover expenses until you turn over a profit. It could be wise to get advice from the outside like these restaurant designers London.
With food premises, there are licenses you need to run safely and protect your customers and staff. It would be a good idea to do some research on these in your business planning stage.
5. Promote and Open
Make sure your restaurant or food business has a website and get promoting, whether that’s on social media, local newspapers, and radio or old fashioned leaflets. Word of mouth is a great way to get the ball rolling, so speak to friends and family to help out.
Thanks for stopping by today, I hope you’ve enjoyed this post.