When to Buy Commercial Equipment

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Getting into the food industry isn’t as hard as everything else. Of course, this doesn’t necessarily mean it’s easy, either. For one, you’ll need to seek answers to questions like these. Still, the food industry rarely fails because of the fact that nobody never gets hungry. If someone finds his favorite restaurant full during lunch break, he’ll go somewhere else just to not starve. If he stumbles on to your food service business and likes what you’re serving, word of mouth takes care of the advertising.

At any rate, one of the most common choices where food industry business owners get stumped in is whether to purchase their equipment or just renting them. For instance, if you’re in the catering business, you’re not just thinking about cooking the food and putting them in buffet trays. You will need to set up tables, will need aprons, and have to provide a few other items to make the venue a little more appropriate for a given celebration.

Simply put, if you have the extra cash, just buy your food service equipment. For instance, if you already have an existing and booming catering service, you can expand quickly by purchasing the same equipment that you’re using for your main branch. By expanding, you have the opportunity to get even more profits.

Another good situation to buy commercial equipment is if you need to widen your specialties. For instance, if you’re serving mainly cupcakes and chocolates, you can start thinking about serving beverages to wash them down. At this point, you can think about getting ice machines or display fridges so you can give your customers an idea of what drinks you serve along with your sweets and pastries.

Buying equipment is also much more preferable in situations where you can’t afford to pay a monthly lease and want to keep all your profits as just that: profits. As you accumulate more money from your food service business, you can then think about buying the equipment if there’s really nothing more important for your money to go to.

 

Whether it’s getting commercial cool rooms, display fridges, or whatever, always make it a point to look at what it is you need for your business. If you absolutely need a piece of equipment that you can’t afford, rent it. If it’s not really necessary but can boost sales so you want it in the future, then just save up for it and buy it.

Related Links:

Just 13.5 Percent Of Food Workers Make A Living Wage: Report (huffingtonpost.com)

How to Start a Food Business (oprah.com)

 

When to Rent Commercial Equipment

Photo Credit: TEDxLasPalmas (flickr.com)

 

If you’re thinking of going into the food service industry, you will need to consider a lot of things. For instance, you have to know what type of food service business you’ll be focusing on. Would it be sweets? Would you go full-on meals or just cakes or desserts or all of them? Then you’ll have to think about your catering policies similar to this one. Eventually, you’ll come to a crossroad whether you have to rent or buy your commercial equipment. Depending on what type of food service business you’re running, you can go with either option.

That said, there are certain scenarios where it’s better to go with renting your commercial equipment and a few good situations where it’s better to just buy them.

One good scenario for renting is when you have marked a specific date on your calendar where your business should start its operations; but you are severely lacking the funds to purchase a final piece of equipment for your business. For instance, if you need to open your business a week from now and it’s impossible to acquire a display fridge for your wide selection of beverages with your current capital, you may work out a deal with equipment suppliers to lease them. This way, your business opens on schedule, and you just need to think about the monthly lease. At the very least, it allows you to enjoy being in the food industry a little earlier.

Another good situation where renting is obviously a better option is when you need multiple pieces of equipment but are unable to acquire them on your own. You can rent the equipment for a little help, just so your business can take off. Of course, when renting multiple pieces of equipment, keep in mind that you will be paying for the lease every month or whenever indicated in your contract with the equipment supplier. At any rate, if you lack a lot of equipment, renting them all is a huge investment that can potentially take a long time for you to get back.

When thinking about renting equipment, always be sure to get background checks on the companies you hire. For instance, if you need catering equipment Brisbane, not only is it best to work with trusted companies, it’s also fairly cheaper to work with one that’s based near your business’ location. This ensures top quality equipment for you to lease, and it’s easier to contact them should any problems arise with the equipment you rented.

Related Links:

The Economics of Foodservice Face Severe Pressures (huffingtonpost.com)

The Fries-With-That Economy (economix.blogs.nytimes.com)

 

Starting up Your Specialty Meat Business

Photo credit: Phreddie (flickr.com)

Most of us dreams of becoming rich. This is only possible if we find additional sources of income apart from our salary as employees. Apart from winning the lottery or in a reality television show, getting into a business is the only option we can choose to take to attain the riches we dream of.

One of the business ventures that really interest me a lot is the meat specialty business. This is not just your ordinary butcher shop. Businesses usually evolve through time. Usually this happens when a need for a certain commodity emerges. One of the businesses that evolved from your usual meat shop is the meat specialty business.

What sets this business apart from your usual butcher type of meat stores?

Specialty meat stores are considered special because they usually provide specialized meat products to its consumers. Some of the specialized meats present in the market are vegan meats products as well as pre-marinated poultry and meat products.

How can you start your business?

The first thing you need to consider getting is a meat supplier. This is also the basic move you need to take even in your ordinary meat shop. Get several suppliers you can trust and depend on. Do not completely get your supply from a single supplier to avoid monopoly and to keep the prices of your good competitive.

Learning about special sauces and other technical requirements needed in keeping your meat products fresh and always safe is also required. Knowing their shelf life will ensure that you are giving your clients the best quality of goods you could offer.

Getting the right equipments and machineries for your business is also necessary. Purchasing or renting a commercial display fridge is a wise investment. You can use this machine not only to keep your products fresh but as well as in marketing your products to your clients. Always consider aesthetics when purchasing a display fridge. You need to catch your prospect clients as much as possible.

Hiring people who can keep your business running everyday and people who can oversee your business in your absence is also essential. Trust and loyalty is not the only thing you should expect from your employees. They should also have to possess the same passion in this kind of business as you do. If you manage to get people with the same thinking as you are, reaching your business goals is always possible.

Businesses can really branch out to different specialized businesses. Doing so will make competition less and would make you discover new target markets that could give you the riches in life you have been dreaming of.

Resource Link:

 

How to Start A Small Business (ehow.com)

10 Steps to Starting a Business (sba.gov)

Expanding your Catering Business

Photo Credit: Rahim Jidin (flickr.com)

Cooking is my passion. I am pleased whenever I see people burp and touch their tummies whenever they consume the food that I prefer. Knowing that people love everything that I cook gives me a different kind of satisfaction.

Getting into the food business industry was more like coming home for me. It is something I enjoy doing and gives me immeasurable pleasure in life. But of course, I know my responsibilities as a business owner. There are people who are making a living from my passion so I try my very best to keep running my business professionally. Seeing my people grow together with my business, which also happens to be my passion, is a very rewarding experience for me.

As I venture into greater heights, I would need a lot of help from my people as well as my suppliers as I go a step further in the food business. Expansions are exciting events but most of the time they are also very challenging.

There are a few things you need to focus on when expanding your catering business. Enumerated are some.

1. Improving your tools for the trade. 

Catering is not just cooking. Caterers are always faced with the challenge of providing their clients with the best dining experience. Food is not the only thing to be considered. Service and the ambiance also count. Providing your clients with good food, a good atmosphere and a presentable food setting will truly make their dining experience a memorable and pleasurable one.

In expanding you would need to invest on new and additional equipment. Getting additional kitchen and dining utensils, plates, catering equipment and even tents, tables and linens is necessary. A business usually expands when the demand for their product or service increase. Increasing your physical inventory is necessary. You can check out catering equipment online or visit wholesale warehouses for quality but classy dining utensils.

2. Training more people

I still cook every now and then especially when my regular clients ask me too. But as a business owner, you need to allot more time to oversee the other side of your business. You have financial statements and documentations to take care of, you need to get new prospects and basically run and manage your business. Training people to do work for you is essential. Entering the food business is easy. Staying on top is a continuous challenge. Customer satisfaction can be achieved by training your people. Invest in trainings and seminars that will teach your people new skills necessary for the expansion of your business. As your business grows, your employees needs to grow as well.

3. Innovating and creating new things

Keeping your menu exciting and something to look forward too is necessary to keep your old clients coming back and to attract new things as well. You always need to have something new to offer. The competition in the food industry is very stiff. To be able to remain being on top, you and your business needs to continuously evolve. Learn to cook new cuisines and surprise your clients every now and then. Always have your best food forward to impress your clients at all times.

Being in a business that you love is a blessing. Make the most out of this blessing and share your blessings to other people as well.

Resource Link:

Catering (entrepreneur.com)

How to Start a Home-Based Catering Business (powerhomebiz.com)

Enjoying Food and the Food Industry

One of the most interesting, not to mention delicious business industry to be at is the food industry. It is simply a melting point of culture, art, civilization and history we would all want to consume and get a bite at.

This blog will bring you to places and will make you experience how luscious it really is to be in the food industry.

Be on the look-out for guides in starting up in the food business, recipes, and other informative information about food and how to make money from it.

Enjoy reading!