Despite the low start-up costs involved, jumping in to street food without any kind of plan is a sure-fire recipe for disaster. Here are a few things， you can do to help you quickly write down your business plan.
Writing a business plan isn’t a complicated job and it doesn’t have to be very long. Keep it concise, to the point and ensure that you cover each of the following topics:
- Your business’s name
- Business management: who’s going to be in charge?
- Your mission statement: in one sentence, summarise the aim of your street food business.
- Your vehicle: are you going to use a stall, a cart, a trailer or a truck?
- Start-up costs: what do you need to buy to get started? What fees to you need to pay in advance?
- The daily operational costs: how much will you spend on ingredients and what are the overhead costs on a weekly or monthly basis?
- Funding and financial projections; where do you plan to get the money from to start the business and what are your projected profits/losses for the next month, year, 2 years etc? How will you maintain the cash-flow?
- Your schedule: will you work on the business full-time or alongside your day job?
- What’s your main competition and how will you differentiate yourself from it?
- What is your marketing strategy?
- Do you have the logistics in place to deal with delivery and customer service?
If you plan to focus on events, your food cart business plan should include a clear targeting strategy. Pitch fees will vary widely, and there are a whole host of other variables to take into account including total attendance, other traders present, and the demographic of customer that will attend.
All content on our webpage originated from other webpages.This is for display only.All rights reserved by the authors.Should this violate your rights,kindly advice us in writing.We shall delete your document without hesitation and delay.