Things To Consider When Starting a Food Business
We recommend you consider the following before starting any food-business:
Define your product
Have a clearly defined vision of your goals and product, and define them on paper. Start simple with goals and products you feel confident in. You can always expand or retool your products as you grow, but keeping it simple at the start can help you succeed.
Research your market
Take the time to learn about the market you want to be in, from competing products to the methods you'll sell your products and/or services. Remember, your product or service may be unique, but it’s probably not new. Learning about its competitors, and their successes & failures, can give you an advantage starting your business.
Research small-business resources
There are a lot of small-business resources available, both free and for fees. Take the time to research what support and resources may be available to you. These resources can help you to understand what steps you may wish to take to start your business.
HERE are a few resources, but there are many more available.
Make an Action Plan
Don’t wing it. List what you need to do to start your business as you go, and don’t be afraid to modify it. Things will change, and how well you can prepare and adapt will help you succeed.
Start a "Business Plan"
A business plan is an effective tool in starting any business, and can grow as you grow. A business plan can help to clearly define your business for yourself, and most importantly to any possible investors, lenders, purchasers, or future partners.