What Do You Need to Start a Catering Business?
A startup catering business demands devotion and a dedication to detail. Aside from the obvious adoration for food, you will need a thorough business blueprint. Proper planning is key to successful business management. Catering has very little overhead and does not require expensive third-party investments. A sound business plan and the correct equipment build the foundation needed to start your catering service.
Other People Are Reading
-
Business Plan
-
A comprehensive business plan can be the difference between your catering business becoming a success or a statistic. The U.S Department of Labor states that 24 percent of small businesses fail within the first year. Your business plan should be a detailed blueprint of your five-year business projection. Explain your company's advantage points and targeted demographic. It should clearly state your mission, profit analysis, overhead and marketing strategies. With an encompassing business plan you are ready to establish your business.
Establishing Your Business
-
Apply for your Employer Identification Number (EIN), or Federal ID Number, online at IRS.gov. You have the option to submit your application over the phone or via mail. However, the Internet is the preferred method of submission, according to the IRS. Examine your business plan and determine whether incorporation is an option. Branding is a profitable aspect of owning a business. Interested entrepreneurs can find information on incorporating their business at USA.gov. Consult your local government on what licensing and permits are required for a startup catering business. Zoning regulations may dictate where you are allowed to do business. Once you are legally able to work, acquire the proper equipment.
-
Equipment
-
As a caterer, the bulk of your expenses will go toward equipment. Your client pays for the food, and you prepare the meals. Your client's menu request will determine the food service equipment needed. Luckily, you do not have to purchase new and expensive equipment for every job. You can rent supplies such as chaffing dishes, display stands and serving utensils. Food and beverage carriers, along with other transporting accessories, are vital to how efficient your catering business meets customers demand.
Transportation
-
Unlike other home-based businesses, catering requires reliable transportation. Delivering food from kitchen to venue is essential to catering. Even personal chefs rely on transportation. Successfully supplying meals requires a trustworthy car, truck or van. Using your vehicle to advertise your business information is an inexpensive and effective marketing strategy. Catering is a career that demands your presence, therefore transportation is not an expense but an investment.
-
References
Resources
- Photo Credit prawns image by Zlata from Fotolia.com
