Sunday, July 11, 2010

Tips on Starting Your Own Catering Business

Starting your own catering business can be a fun and rewarding experience, both personally as well as financially. When you are cooking at home for your family, or friends, and they love the different kinds of food that you can come up with, you may want to try your hand at catering.

Before you do, there are some things that you need to think about, so that if you decide this is the right course of action, your business flourishes. Some of these are personal, and other have to be taken from a professional standpoint.

While catering can be rewarding, there are a lot of aspects that can be extremely stressful. If your business is popular, then you will have many different orders, events to plan and prepare for, and different menus. There will be deadlines that have to be met, and all of this can mean that you may be spending a lot of time away from your family, and have a lot of stress in your life.

Even though your friends and family may like your cooking, this doesn't mean everyone will, and you may have to deal with customers that are rude to you or have demands that you may not be accustomed too. There may be dishes requested that you aren't familiar with, and you have to be able to deal with all of these aspects and more, so you need to be prepared.

Then there is the business aspects of starting your own catering business. There is capitol funds for buying extra equipment, a vehicle, hiring employees, and many other costs. There is licenses, insurance, and taxes. In addition to this, you are going to have to have a health inspector come in and sign off on your facilities.

There is the process of setting up business plans, and this in itself is not easy task. You have to be able to come up with a plan that is attractive to people who you go to for funds, showing the whys and hows of your business. One of these is why people would come to your for catering, how you are going to make money, and show a profit.

In addition to all of this, depending on where you live, you may have a lot of competition, so you need to come up with ways to put yourself above other people who are also in the catering business.

This means advertising, incentives for using your business above all the rest, and the what you are going to charge customers that will attract them to you, but still be able to show a profit.

You are also going to be in charge of hiring and firing employees, making sure your staff is motivated and doing their jobs well, making deliveries on time, and dealing with your customers in a polite manner.

You have to be in charge, and be careful about who you are hiring, and not let your personal feeling interfere with this. You may have to fire someone you care about, and you have to be able to do this in order to keep your business going. That is why many people try to steer clear of hiring friends and family.

Now this isn't to put a damper on your hopes and dreams. There are millions of people who start their own businesses every day, including catering businesses.

Many of these people go on to be so successful that they expand to bigger facilities, and some even have the opportunity to sell their businesses for top dollar and use the capitol to start new ones.

Letting you know all of the stresses and different duties and responsibilities is only because if you want to succeed, then you have to be aware of all of this. Otherwise, you are going to jump into starting a business without a full understanding, and you may not have the success you so well deserve.

If after reading all of this you are still excited about starting your own catering business, great. In fact, there are many different resources that can actually help you succeed. There are plenty of grants and government loans that can help you get the start up capitol you are going to need.

There are websites, that can help you set up the right business plans, where to look for extra money, how to write a plan that will get noticed, as well as many other helpful tips and information you will need.

Now there are also many websites that offer full step by step courses in starting your own catering business. These kits can help you in many ways, including all the other aspects that are required, including and other than what has already been mentioned here.

These kits can help you determine what to charge customers, how to get them to you, and how to keep them happy. There is information on managing your cash, including accounting, record keeping and keeping track of where your money is going, and how much profit you can expect to see.

A good business kit will not only be helpful in these areas, but also provide all the forms, letters and business plans. It should also include resources for contacting the right people in order to get funds, order equipment, and where you need to go to get insurance, tax identification numbers and everything else.

The most important thing on top of all of this is that it should be reasonably priced, and include free upgrades as new information comes along. A good place to start would be going to This website has all the things that have been mentioned, plus much much more.

By : Jen_Luna

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