Top tips for starting a food business.
- Do your research – check out the competition!
- Try to fill a gap – make something that isn’t already available locally.
While it’s very easy to start baking at home, the market might be
saturated with cupcakes in your area. Shop keepers are always looking
for something different that will sell;
- Work out your costs – how much does it cost you in ingredients and time
to make it (and don’t forget to pay yourself!). This will help you to work
out how much you can charge for it:
# | Item | € / £ / $ |
A | Cost to produce (raw materials & packaging) | |
B | Cost of processing / baking / preparation etc. | |
C | Cost of transport | |
D | Cost of selling (market fees etc) | |
E | Staff costs – including yourself! | |
F | TOTAL | |
G | Sales Value | |
PROFIT (G-F) |
- Ensure that your kitchen can handle your new food business – ask your
local Council / Environmental Health Officer to call and take a look. Most
home kitchens are fine for low risk foods like baked goods, bread, jams,
vegetarian, but NOT ok for meat, fish, dairy, prepared salads,
sandwiches. You might have to extend, refurbish or rent a suitable
premises;
- Get Advice – from mentors, advisors, Local Enterprise Offices and others
– ask everyone for help, there’s plenty of it out there so you don’t have to
shoulder all the burden!
- JUST DO IT – Give it a go! Once you make your first sale – you’re in business!
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