What factors to consider in putting up a food service business?

Answer 1

First understand why many businesses fail so you take prevent that from happening to you.

Some reasons are as follows.

• No written plan
• Little or no education in business
• No coach or mentor
• Did not take advantage of appropriate resources (SBA for example)
• Lack of start-up finances
• Wrong location
• Lack of collecting and analyzing informational resources (internal and external driving forces to include information on the competition)
• Poor management skills including the inability to appropriately manage material, human, financial, and informational resources to achieve the organizations goals and objectives
• Starting a business for the wrong reasons
• Lack of good advertising to include a good web page
• Lack of a real passion for business
• Lack of contingency planning (risk management)

Answer 2

There are many factors to consider when putting up a food service business, including the business location, food types and pricing options. One should also consider the cost of setting up a food service business and the costs of hiring employees.

Answer 3

The most important question any business faces is how to keep fixed costs low(overhead) because no matter what sales (income) volume you are going to have you are always going to pay for those fixed costs before you make a single dollar of profit. An example of fixed costs are rent, equipment leases, utilities, taxes, licenses etc. Some people also consider top people wages to be a fixed cost as well because no matter what sales volume you have the manager/owner still costs the same especially if they are on salary.

Location is the second most important factor as once you decide on it it is very difficult and expensive to change. foot traffic, car traffic, nearby competition, visibility, and of course price as well as price to convert to your use are all factors to consider. Clearly the best location is one that balances the costs versus all the other factors. It's always one of the most agonizing decisions to get made.

People are a key ingredient in any business. Is the location you are choosing going to have an adequate labor supply? Will the labor supply already be skilled or will you have to train them to do the most basic of things like make change, sweep, mop, clean? You may scoff at what is considered a skill in the restaurant industry but I do not.

regulatory environment is also something I take very seriously. Nobody like to have petty bureaucrats ruining your day by making the simplest of things unbelievably complicated and unnecessary. Many cities have gone way past keeping peoples food safe and gone into vague areas of regulation that leave government employees with way to much power and usually a time consuming and expensive appeals process.

Answer 4

Here are some suggestions for a food-service establishment:

1. Make sure the food tastes good and is presented nicely.
2. Publicize the establishment as much as possible.
3. Have a good setting in the place itself.
4. Provide good waiter service.
5. Provide fair prices to suit both the establishment and the customers.
6. Provide special services (e.g., kids' birthday parties, birthday cakes, etc.).

Answer 5

The factors used in establishing a food service business is to know what the customers in the area would like the most, and what price they would be willing to pay. After those two factors are considered, then you would need to properly market to these customers to attract them.

Answer 6

Location, Hours, Customer Service, Type of food served, atmosphere, Quality of food, Food Expense, Cleanliness, Originality, and your name

Answer 7

i dont know ..what is the answer