I don’t know about you, but I love to cook and try new recipes. Not all of my recipes turn out the way they should, of course, but I feel like it’s a fun adventure when I finally try a new recipe I have had my eye on. I don’t think I am ready to start my own restaurant or catering business any time soon, but for some people it could be the right fit. It could even make for an interesting side hustle! 😉
If you are wondering if you should start a catering business, here are some things to think about.
Work in the Business First
One way to help you answer the question of whether or not you should start a catering business would be to go to work for one first. Working for a catering business allows you to see aspects of the business you might not think about, such as the stress of putting together events and how to handle last minute crisis and difficult customers. Remember, not everything is going to be sunshine and roses. There will be trash to gather, dishes to wash, food to keep hot or cold, and a number of other issues to deal with that the general public do not see. Working for a catering business first is a good way to test the waters without having the financial commitment of owning the business yourself.
Type and Size of Events
In order to know if you should open your own catering business, it will also help you to know what type and size of events you want to cater. For example, it takes a different approach to cater a small, simple wedding shower than it does to cater a corporate event. Flavours Corporate Catering Sydney is one example of a catering company that has had success with serving larger groups of people at corporate events for several years. Catering large events takes a great deal more planning and preparation. Are you going to hire staff to help you? These are things you will need to think about before you start your business.
Are you good at making cakes, cookies, pies and other desserts but not as good at making meals? Perhaps you should stick to only those things you excel at. Or, maybe you are well rounded and can make a variety of different foods. If so, you might do very well catering events where light lunches and full meals are expected. Additionally, whether or not you should start a catering business might depend on what other catering business are already up and running in your town or city. Is your product unique or different in some way or is your city lacking a caterer? If you can fill a void that people need and desire but don’t currently have, you could end up with a thriving business in no time.
In addition to being able to cook and figuring out what type of events you want to cater, you need to have good business sense. You will have to be able to wear many hats in your organization, from bookkeeper to marketing manager, to cook and everything in between. You will need a business plan, start-up capital to purchase inventory, suppliers, licenses, and more because the list goes on and on. Before you jump in, do your homework on all aspects of the business to help ensure its success.
Starting a business can be as much of an adventure as trying new recipes and cooking, but if you are wondering if you should combine the two and start a catering business, think and plan before you act to help you achieve your goals.
What other things need to be considered to know if you should start a catering business?