Lead Your Food Stall Business to Success |
Posted: April 16, 2019 |
You can start your own food business small with a food stall, or take the leap and build a restaurant right away. Keep in mind that it's expensive and will require you to shell out significant capital to make it happen. Don't despair though, because there are famous brands who started this way and look at where they are now. If you want to make your dream happen, these things are what you should keep in mind: 1. Follow the rules There are bazaars and farmers markets that you can sign up for to set up your fairground stall hire in. Each has its guidelines and regulations, so make sure you read, understand, and follow them. Just to be sure, you can talk to the organiser to discuss any specific rules that you're required to follow, especially if you're planning to set up a food stall. 2. Location is important Like all other businesses, the right spot is critical to the success of your food stall business. Some markets will choose the location for you but if you have the chance, choose the most strategic location for your stall. Set it up near the entrance or the restrooms, or even near the cafe if what you're offering is desserts or food that will go perfectly well with coffee. Basically, just choose wherever there's traffic to attract more customers and sell more. 3. You will sell if the price is right The price can make or break your business. It's determined by your expenditures like the market lease, car park fees, and salary. When setting a selling price, you also need to take into consideration if your profit margin will give you enough ROI and cover your expenses. If you're unsure how to compute these values, you can use a Profit Margin Calculator to help you. 4. Get there on time Markets usually start early and if you've signed up for a date, get there early so you'll have enough time to set everything up. There's so much to do, from setting up your stall to hanging up the banners and arranging the displays, and you need to make sure that they're all ready once the first influx of customers comes in. 5. Smile and entertain customers Trying to sell and meet your quota for the day can be stressful. And if you don't make your expected sales for the day, it's easy to forget that you have to smile and be warm to your customers. Don't be that grumpy stall owner that people want to avoid. Let potential customers look at what you have to sell without making some sales talk to them. A pleasant shopping experience should be on top of your list as it's something that your customers will remember about your stall and your product. Starting your own business requires a big leap of faith. If you decide to start small, with a food stall, keep in mind the tips above and you'll be set for success.
|
||||||||||||||
|