Starting a catering business can be as rewarding as any other business opportunity.
While it does have a learning curve it is not a difficult business to grow.
While many seem to struggle others have thriving businesses that will provide many years of wealth for the business owners.
The catering industry is very promising even in a down economy.
Millions are spent each year to cater parties, events and social gatherings.
If you enjoy cooking then starting a catering business may be just the thing you are looking for.
There are steps that must be taken in order to build and grow a successful catering business.
The 5 basic steps are: 1.
Have a business plan Having a business plan is the key to any business.
If you don't know where you're going you'll never get there.
You need to have a plan for how you will run your business and who you are going to promote your services to.
2.
Know the laws in your market The laws of food preparation may differ by city so know what they are before you start working an event.
Also be sure to have the correct permits.
This is a killer that people often forget about.
3.
Know who your market is and focus on THAT market You need to know who you are going to market your services to.
Do you have experience hosting parties or do you simply enjoy a good outdoor event? A BBQ will be handled much differently than an elegant wedding.
It is best to find a niche and focus on it.
Be the best you can be in your area and you'll have customers waiting in line for your services.
4.
Have the right equipment Make sure you have the right equipment for the event.
You don't even need to buy equipment to get started.
Find out who rents or sells used equipment in your area.
You can find incredible deals for catering equipment that will allow you to start your company for little to nothing.
5.
Learn how to advertise your business If you don't advertise your business you will struggle to get it off the ground.
Advertising doesn't have to be difficult and there are methods to advertise that are directly related to catering.
The most important advertising you can do is word of mouth.
A great event will surely mean more business in the future.
While some may see this as a difficult process it can actually be quite simple with the right information.
Starting a catering business can be done on a part time basis.
Many caterers make more in a weekend than they do at their 9 to 5 jobs.
You just have to have the right information and know-how.
Learn from someone who is successful and you will be well on your way to a successful business.