Do you have a knack for good meals, or are you thinking of turning a passion for food into profits? You can make that dream a reality by starting a small catering business. The beauty of catering businesses is that, you can make it a part time hustle or a main business. However, for many people, coming with such an idea is not the issue. But actualizing it and making it into a viable business; that’s the real deal.
Setting up a catering business does not necessarily entail serving 500 people every day. It does not also mean providing lunch for a hundred people. Meal prepping for a family is a good start and serving a party of 10 is still progress.
If you are on your way to setting up such a business, here are a few tips on how to go about it:
Have an Equipment Inventory
In your catering business, you will need to present the meals in an appetizing and professional manner. This implies that, you will need high quality crockery and cutlery. To be a notch better than other ordinary caterers, you will need something unique and authentic. For instance, you can have drinks offered in high quality flasks and pitchers as those offered by Hydrate Factory.
The quantity of meals prepared depends on the number of guests to be served. Purchasing these pieces of cooking equipment in advance can be the first step to kick-starting the business. The beauty of it all is that, you can buy the equipment one piece at a time and at your own pace before starting the business.
Make a Business Plan
Good planning and execution skills are important ingredients of success. For a new or an ongoing business, there should be a plan for at least six months of operations. The plan should show the expected revenue streams and expenses as well as highlight the sources of additional investment.
Other than the records, the business should be legally ready to take off. In different countries and regions, there are different laws regarding food production. Some of these include business permits, health certification and licensing. With these in hand, the chances of colliding with the authorities are minimized.
Identify a Niche Market
Find the market niche which you feel is not well catered for. As a small business, you may consider small events such as birthday parties, small business, house warming parties, or baby showers. Good services and communication during these functions may lead to more catering function invites and ultimately the business will grow.
Develop a Good Marketing plan
Find a way of getting the message out on what you offer. You can also check out our article on how to brand and advertise your business.
Ordinarily, there are various ways through which people opt to advertise their goods. One of the best ways of doing this is by offering branded gifts to the clients. This method works two-way. For one, the client get to recognize that you are grateful for the job offer and secondly, a gift such as a branded Hydrate bottle will be seen by others consciously or unconsciously. This way, your small catering business will be on its way to becoming a household name