Published June 27, 2008 03:51 pm - Starting any business is no easy task and becoming a food entrepreneur is a special challenge.
Be prepared before starting a food business
By Erin Cuprinka
Starting any business is no easy task and becoming a food entrepreneur is a special challenge. You’ll have to prepare yourself for hard work.
You will need to learn and understand financial, marketing and management issues, as well as food regulations, processing and packaging technologies, and safe food-handling procedures.
Some things to consider when starting your business:
Are you the type?
An entrepreneur is a builder – one who sees an opportunity, sizes up its value, and finds the resources to make the most of it. Entrepreneurs are innovators introducing something new to the marketplace, putting a different spin on a product or a process. Ask yourself these questions to see if you fit the description of a successful food entrepreneur:
• Am I a self-starter? It will be entirely up to you to develop projects, organize your time, and follow through on details.
• How well do I get along with different personalities? Business owners need to develop working relationships with a variety of people – customers, vendors, staff, bankers, lawyers, accountants or consultants.
• Am I good at making decisions? Small-business owners are required to make decisions constantly, often quickly, and under pressure.
• Do I have the physical and emotional stamina to run a business? Can you face six or seven 12-hour workdays every week as you are getting your business under way?
Now that you’ve decided that you are entrepreneur material, you probably already have an idea of the product you want to sell. Here are some more questions to think about as well as some advantages and challenges you should consider:
Where will you make your product?
• You may be able to make your product at home. Certain foods may be prepared in the home kitchen, while others cannot due to food safety concerns.
You will need to discuss the options for your particular product and your particular household situation with your state Department of Agriculture sanitarian. If you are allowed to make your product in your home, then you will have to get your kitchen up to state standards before beginning production.