Everything you need to help start your own mobile event catering business for free.
Useful business advice, help, ideas and tips
to get your new mobile outdoor event catering business started.
START UP A MOBILE CATERING BUSINESS
STEP5. EXPANDING - GROWING
Time to expand your mobile catering
business If you've come back to read this section you're probably considering
expanding and growing your mobile catering business further. Most successful
businesses whatever type come to a point where they have to start turning away
work due to simply not having enough manpower or catering trailers to go round.
Your bookings are probably increasing and you wish that you could be in two
places at once most weekends but is it the right time to think about growing and
expanding your mobile catering business?
Up until now you've been a one man business or
working with your partner, bringing in a steady, reliable income from your
business, your finances are under control and you have built a good profitable,
easy to manage mobile catering business but at this moment you are torn between
the safe, reliable business and the risky entrepreneur urge to expand. Do you
stay as a small business or do you take the plunge and grow your mobile catering
business further?
Expanding any business is a hard decision to
make no matter how confident you are about the availability of future bookings.
With increased expenses, increased borrowing and staff wages to pay, expanding
can be a big headache. Hopefully we can give you a few useful pointers and raise
some issues that you may not have considered before you take the plunge to
expand your mobile catering business. To continue reading on please use the key
points navigation bar.
KEY POINTS
Time to expand Your bookings are increasing, but is it the right time to think about
growing your business? Find out more
Borrowing to grow
Is it possible to expand your mobile catering business without increasing your borrowing? Find out more
Financial planning Plan your finances before you take
the leap and expand your business.
Find out more
Diversify Don't put all your eggs (or hotdogs) in one basket. Find out more
Employing help You can't keep doing everything yourself and you will need to employ at some
stage.
Find out more
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