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Catering Success Guide: Key Tips for Starting Your Business Right

Ready to launch your catering startup? Discover essential resources, non-negotiable commitments, capital insights, location strategies, and creating a solid business plan for success. Learn about the hard work, capital requirements, and market differentiation needed to thrive in the industry!

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Catering Success Guide: Key Tips for Starting Your Business Right

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  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 • IS THERE ANYTHING YOU CAN THINK OF THAT IS MISSING?

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