subject: Having The Ideal Catering Business Plan [print this page] wedding caterers is one of those organizations that can be completely absorbing if you have lots of bookings due to the fact it is a hands on business with very Minor work that can be short circuited. event catering is one of the types of organizations that has many different aspect to offer a business owner and so that the business stays on track it is most a good idea that there is a event catering business plan in place.
Preferably a event catering business plan should be written up before the business is started to help the house owners focus just on what type of business should be operated. This then will help in their buying of equipment and inventory, never mind the fact that a business plan will help in the sourcing of finance. But it is never too late to write one and it should be reviewed every 6 months.
Many people are scared of even trying to write a business plan due to the fact they feel that it is not possible for them to do so due to lack of knowledge. The interesting part of all that is that what they do not know they probably should. By that I mean for example, that if they do not know what their competition is doing then they have missed a crucial piece of information that they should know before starting to outlay money.
People should not get intimidated by a business plan. It is just a matter of working through some logical actions from beginning to end.
What a -catering Business Plan Incorporates
A business plan is basically like a set of chapters in a book.
1. The mission statement
2. Goals and Aspirations
3. Management
4. Finance
5. Clientele
6. Premises
7. Equipment
8. Staffing
9. Competitors
10. Administrative Aspects
11. Legal
12. advertising
Important Facts
Finance should be written in such a way that a lender can see just exactly what the business is about, the cost of set up, the running costs and the break even points. If finance is becoming sought for the business then there will need to be supporting facts and statistics as required by a lender.
Premises could be freehold or leasehold, or even none at all in that the business owner intends to work from home. All details of leased premises should be in the wedding caterers business plan.
Staffing is always an interesting situation and all the applicable Union rules and pay charges should be in the folder.
competitors should be listed in such a way as to what and who the competition is, what type of product they produce and what type of advertising and marketing they are doing to get their customers.
If a man or woman is seeking finance for a business, no matter why type of business it is, a bank will want to know that there is a advertising and marketing plan in place. Ideally the advertising and marketing plan should be in a individual folder from the -catering business plan and should be quite detailed with dates, instances, how, what type of marketing and advertising, the place and who the goal audience is. Lenders want to know that a business is not going to open up and just sit there waiting for business to come to them.
As you can see many of these issues are really common sense and an experienced professional human being will be able to help you fill in the gaps that you feel you are not able to answer properly.
