When it comes to food, who can say NO? Exactly what you thought, No One Will! And that is what makes it more prospective to start a food business.

With food being the inevitable need of humans, which is increasing daily, and setting up a business in food is surely a potential plan. With each day the foodservice industry is booming and it is expected to have a market value up to the US $ 4.2 Trillion.



If you are someone who is a foodie and loves to serve others then you have it all to start a food business. But before that, take into consideration the below mentioned seven things.

7 Things to Consider While Setting Up A Food Business

Starting a food business might seem daunting at first without proper planning but once you categorize the needs, resources, and marketing strategies slowly things fall into place.

Starting a business has its chances of failing or succeeding. If you are wondering how to project a perfect plan to start your very own food business then this article is for you.

Here are all the things you need to consider while setting up a food business:

1. Business Plan

The very first step towards setting up your food business or any business must be to have a business plan. Do thorough research, observe your competitors, analyze how the foodservice market works, and then accordingly adopt a business plan.

With a business plan being the backbone of your business all the things that you must cover under the plan are:
  • Target Market: You should decide who you will be targeting- youngsters, toddlers, senior citizens, etc. This gives you an idea of what your targeting customers are buying, where do they hang out most and why, what attracts them, etc.
  • USP: Unique Selling Proposition, it means how innovative you are going to be to attract your targeted market to your food business.
  • Select the Menu: The most important aspect of the food business is what you are going to serve. Enlist all the things that are going to be on the menu. Decide the cuisine either one or multi-cuisine food service.
  • Branding: Construct a logo and name for your business. Design the outlet of your menu. Uniforms for your employees.

2. Funding

The next step after finalizing your business plan is to sort out the finances. You might or might not have the required funding for your business plan and if not then how are you going to arrange the money.



  • There are many ways from where you can get your finances settled:
  • Business Loan
  • Borrow from friend/family
  • Partnership
  • Investors
  • Government Aid
Start with a small business first as it’s less risky and you can always expand in the future according to your profits.

3. Location

Location plays an important role as it is where the outlet for your food business will get set up and it is what attracts the targeted customers.

Few things that you should keep in mind while selecting the location:

  • Cost/Rent: While you decide on a location, either you buy it or rent it. It should not be too costly as you are just in the starting phase and will always be tight on money. Another thing is that your profits must be able to cover the rent/cost of the location.
  • Accessibility: The location must be easily accessible to the target customers.
  • Competitors: If you set up your business near competitors then how are you going to make a difference to your outlet that will attract customers?

4. Get License and Permission

To set up your foodservice outlet you must get all the licenses and permits required by the Government. Take care of all the legal documentation regarding the location, food safety & quality, and other safety codes.

The license and permission also depend on the size of the business. It should be done in advance to avoid any inconvenience once the business started.

5. Setting Up the Outlet

The first thing that you need to decide before designing the outlet is what kind of outlet it would be, a café, family restaurant, cafeteria, food court, take-away counters, etc.



Once you decide the type then comes the interior designing part of the outlet. Brainstorm the ideas to make the ambience more appealing and decorate it accordingly. Also sort out the space for kitchen, lavatory, sitting area, room for storing supplies.

The outlet must be a relaxing spot for the customers giving them all the comforts. You can make it fully air-conditioned for summers, can keep a molecular sieve 13X in the rainy season that absorbs the humidity, and heaters in the winter season.

6. Supplies

Foodservice outlet not only deals with food suppliers but other suppliers too, like for:
  • Cutlery
  • Food
  • Electrical equipment
  • Furniture
  • Kitchen equipment
  • Clothing for napkins, curtains, table cloth, uniforms, etc.
  • Tissues, toiletries, sanitary products (you can go for intelligent toilets for establishing minimum touch)

Make a budget for each supply and seek out the suppliers especially wholesale retailers or directly contact farmers.

However, the quality of the goods must be your utmost priority but keep a check on the pricing too. Expensive supplies might be a drawback for your business. You can always upgrade with time as the profit increases.

7. Recruiting the Staff

Now that every needful requirement is done by your end, start hiring the staff because they are the ones that help you closely to gain success.

The staff you need to hire must include:
  • HR manager
  • Accountant and Marketing Manager
  • Serving staff
  • Cleaning staff
  • Chefs
  • Bartender, and others according to your needs and scale of the business.


Conclusion

Above are the tips that will help you in managing your business and will help you with the success of your food business but hard work and passion are what really is going to pay you off.

Starting a new business in any field has lots of risks but have belief in yourself and work hard to attain success.