How To Start A Taco Business – So you are interested in starting a food business. A simple business venture as you might imagine requires a lot of time, planning, and research before it gets off the ground. Starting a food business can take up to a year to get started, from licenses and permits to killer marketing and branding strategies. Whether it’s a home food service or strictly an online store for packaged goods, you need a complex and detailed plan to see profits and avoid premature scaling. Patience and support will be your best friends during this journey. Plus, we’ve put together a handy ten-step guide for starting a food business.
Food businesses are not new and definitely not uncommon. To be successful, your food business needs to be niche — or in other words, differentiate it from your competitors.
How To Start A Taco Business
Decide what kind of cuisine you want to specialize in, and then decide how to market it. Will it be delivered? Are there dining options? Or would you choose to sell your food in a store or restaurant? Maybe you’ll sell your food at a food truck or rent a stall at a street market.
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The options are endless, and it’s important to know which route is the most promising and affordable based on your location.
If you’re reading this, you’re off to a good start, but starting any business for the first time requires research. Consult peers who have already had a successful food business, read business-focused articles on the topic, and connect with local business owners in your area. Thanks to the internet, you don’t necessarily have to have an MBA to successfully start and run a company. These resources are available to you right on your computer screen. Feedback and advice from others who have tried this adventure and have had success can go a long way in the early stages of starting your food business.
What you think is the easiest part of starting a food business can be the most time-consuming part. You may already have some ideas for a business name, but if it’s too similar to an already existing name, there’s a good chance it won’t get trademark approval. Also, you need a logo and tagline to differentiate your company and stand out. You can use the USPTO database to search for names and logos already in use.
While it sounds simple, drafting a business plan is crucial to convincing investors to fund your business. Investors will want to feel safe in backing your plan, which rarely happens without detailed step-by-step advice. Budget for various expenses, including inventory, staff, rent, and utilities. Determine how much you will price your item and target audience. Investors will want to know all of this before deciding to move forward.
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Now that you have a business plan, it’s time to present your proposal to investors. The best way to stay on top of your money is to make a list. Collect the names of all potential investors and their contact information. List them in order from most likely to least likely so you don’t waste too much time raising capital. Rehearse your presentation in front of colleagues and peers and be open to feedback and constructive criticism.
If you’re not sure where to start looking for investors, reach out to others who have started small food businesses or search online for investors in the food industry. Also, start a GoFundMe or Kickstarter campaign to get support from family and friends, and post on social media to let your followers know you need their support.
Running any business requires a lot of licenses and permits. For food businesses, there are more needs to be guaranteed. If you’re considering starting a business from home, you’ll first need to check your local zoning rules to see if this is allowed. If not, you need to rent a professional kitchen space.
Additionally, your space needs to pass a food cleanliness test before it can be sold to clients. Some states require business owners to prepare and sell food in a kitchen separate from their personal kitchen space. This means that all cutlery and utensils used in the preparation process cannot be used for personal cooking. State-required food handling courses will list all the specifications for your specific business. Finally, you must obtain a business license to operate your business legally, and a resale license to purchase ingredients tax-free wholesale. To make things easier, we’ve configured a list of licenses and documentation you may need:
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POS, or point-of-sale systems, is the way to go. Gone are the days when writing orders by hand or using a cash register was the most efficient. Your POS system will vary depending on the type of food business you decide to run. Your POS system will act as the communication between front and back office staff. You’ll be able to manage orders and reservations, split checks, keep customer tags open and track purchases and returns. Plus, you’ll be able to track trends and inventory, saving you time and money.
Don’t wait for your first order to buy your product. List all the tools, utensils and cookware you need to run your business. Seek affordable prices on bulk orders from food equipment suppliers. Consider everything from packaging materials to napkins and storage containers. Some states require food establishments to print ingredient labels on each item, so you’ll want to check your specific state’s health department’s labeling laws.
Just skip this step if you plan to start and run your business alone. However, most startups do need help. Maybe you want to hire a friend or colleague to be your co-founder. Or maybe you just need a few people to help you sell. You may need someone to lead your marketing and run social media accounts. Think about the roles you need to fill in running a food business. If you can’t carry all of this alone, hire someone else to help. Maybe you already have a few people who care, but if not, post jobs on LinkedIn and Indeed or share them on social media to quickly reach a larger audience.
Now that everything is in place, you need to market your business. Create an Instagram page and website to host information for your clients. Launch a Twitter account and LinkedIn page if necessary. Attend local fairs and markets and offer free samples to get people interested and familiar with your products and brands. Also, market your products to food magazines and food bloggers. Promoting your brand name in the media is an easy way to boost sales quickly.
Food Trucks 101: How To Start A Mobile Food Business
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Due to changing consumer food preferences, there is a huge demand for quality food at low prices – something food trucks are especially well suited to deliver. The fact that food trucks allow business owners to enter the food business at a much lower cost than opening a traditional brick-and-mortar restaurant means more interesting food trucks than ever.
If starting a food truck is your dream, we have the steps you need to get your mobile business right.
The menu is limited given the food truck restrictions. That means every project needs to be a winner. One of the ways to ensure an exciting menu is to identify an easily defined concept.
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Food trucks often succeed or fail based on concept. Most successful food truck options are concepts that are either very niche, unique take on common cuisine, or something entirely new. In the last category, dish combinations have proven popular. (The whole food truck revolution started with Roy Choi’s Kogi, which invented a new food: the Korean taco.)
So when you’re trying to nail down a concept, the first thing you need to do is brainstorm. What kind of food do you like? What are you good at? What can you easily produce within the constraints of a food truck?
Once you have memorized some concepts, you need to
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