2007-01-04 04:04:24 · 5 answers · asked by cookingcheff 1 in Business & Finance ➔ Small Business
The best routes to take are to research the process of starting a business as well as the industry you're interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* How to Start a Home-Based Catering Business, 5th by Denise Vivaldo
* How to Run a Catering Business from Home by Christopher Egerton-Thomas
* Start and Run a Catering Business by George Erdosh
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2007-01-05 02:44:29 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
Build relationships with your bank and definitely try to secure a business line of credit. That 25-50K or more can make a huge difference when capital is low. Also, form your team (Accountant, Lawyer, Banker, Distributors) so that your business runs smooth and you avoid liabilities. Systemize everything! so that the business doesn't engulf you. A good book to read is "The E-myth Revisited" by Michael Gerber.
2007-01-04 12:51:35 · answer #2 · answered by ibuyandsellhomes 1 · 0⤊ 0⤋
You substantially increase your chances of success in business when you get into an industry that you have experience in. I hope you have that experience or have a partner that has the experience. For anyone starting in business, get the book Winning in Biz - the book and companion website www.wininbiz.com give you the step-by-step hand-holding of the things to do and how to do them right-the first time-to make your business successful and profitable. If you are looking for strategies that work, if you want an expert on your side take 10 minutes to review the info on the website.
2007-01-04 14:24:33 · answer #3 · answered by Ron San 2 · 0⤊ 0⤋
Make sure you have enough capital to run your business through the first year at least. Most food industry start-ups fail due to lack of start-up capital.
2007-01-04 12:13:35 · answer #4 · answered by absynthian 6 · 0⤊ 0⤋
Find good dependable help,pay them well and keep them.
2007-01-04 12:12:54 · answer #5 · answered by Anonymous · 0⤊ 0⤋