A business plan is a written paper outlining the nature of the company, the sales, marketing plan, and the economic context, including a predicted declaration of profit and loss.
A company plan serves as a guidebook that offers instructions for a company to plan its future and enables it to prevent road bumps. For you to create a well-written catering business plan template, you may follow the easy steps outlined below.
1. Describe your Business
First things first, you have to describe your catering service. Most catering facilities serve customers at the table whereas others provide cafeteria-style meals where customers can choose from a variety of ingredients, drinks, and appetizers and serve themselves. Moreover, each cuisine includes food preparation of specific kinds of food and drinks in a specific style to create separately eaten products or separate meals. That's why you have to clearly identify what cuisine and food menu you'd like to offer.
2. Identify your Potential Markets
Consider which local or global demographic segment will you attempt to use your goods or services. This requires to be more than just guesswork and includes carrying out precise and smart research. With your own techniques and findings, you need to evaluate secondary research gathered by external observers, as well as get the main data that you gather yourself.
3. Determine the Amount of Space Needed
You can lease a commercial kitchen room, rent space from a restaurant, share a commercial room with another caterer or operate from home, depending on your requirements and budget. You can contact local real estate agents to inquire about an accessible industrial kitchen room or contact local restaurants to know if they are renting out kitchen room during off-hours, generally during the day or in the morning.
4. Identify the Needs of your Business
What are you going to need to get launched? Whether you're buying a current business with 300 staff or starting your own by adding an additional telephone to your office desk, you need to enumerate the product plan you're going to need. Make use of the list you have written down before making your plan. Others may be tangible, like five hundred folders of files and a big cabinet to deposit all of them. Other demands, such as a moment to model a product or research on prospective clients, maybe undefinable.
5. Determine your Start-Up Budget
Create a list of all the resources that you need to get your company going. Whether you are purchasing extremely advanced computers or simply installing a brand-new telephone on your table, the complete estimated value of all these products will become your start-up cost.
6. List the Permits Needed
List all licenses required in the third chapter of your business plan to run a catering company legally. If you decide to sell food to the public, apply for a license from a food dealer. If your business is going to cater for private parties or family gatherings, you don't have to apply for permission from a food dealer.
7. Create a Marketing Strategy
In the last chapter of your plan, develop a marketing plan for your business. List down ways to satisfy prospective customers. You may use promotional flyers, posters, or brochures to advertise your business.