Lessons and Best Practices in Starting a Food Business
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Transcript of Lessons and Best Practices in Starting a Food Business
![Page 1: Lessons and Best Practices in Starting a Food Business](https://reader033.fdocuments.in/reader033/viewer/2022052600/5585a37cd8b42a711a8b4867/html5/thumbnails/1.jpg)
Lessons
and
Best Practices
in starting
a
Food Business
![Page 2: Lessons and Best Practices in Starting a Food Business](https://reader033.fdocuments.in/reader033/viewer/2022052600/5585a37cd8b42a711a8b4867/html5/thumbnails/2.jpg)
3 MAIN QUESTIONS
• WHY DID I GET INTO
THE FOOD BUSINESS?
• HOW DID I GET
INTO IT?
• WHY AM I STILL
IN IT?
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WHY DID I
GET INTO
THE FOOD
BUSINESS?
![Page 4: Lessons and Best Practices in Starting a Food Business](https://reader033.fdocuments.in/reader033/viewer/2022052600/5585a37cd8b42a711a8b4867/html5/thumbnails/4.jpg)
FOOD
is a SUSTAINABLE
BUSINESS
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Fast Food is the
dominant sector in the
food industry
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lifestyle changes
&
food preferences
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HOW DID I GET
INTO IT?
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Universal
concept
Specia
lize
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How will you
STANDOUT?
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know your target
market then find out
their needs and
wants
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Ask
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Ask
Observe
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Ask
Observe
Research
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BENCHMARK:
What’s available?
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players
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cheap
and
filling
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gourmet fast
casual
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gourmet
FULL
restaurant
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specialty gourmet
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Regional
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New Players
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Be updated on what
your competition
is offering
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Ask yourself:
How can you
be/do
BETTER?
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know the trends but
be wary of fads
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Food Trend:
Healthy,
Functional Food
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INNOVATE
but…
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…sometimes you do
not have to reinvent
the wheel
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Research on products
and suppliers
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Make use of available
resources
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Sustainability is key
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MANAGE COSTS
but
MAINTAIN
QUALITY
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GOLDEN RULE NEVER compromise
QUALITY in your
quest to cut costs.
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Create RELEVANCE
for your PRODUCTS
and BUSINESS
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WHY AM I
STILL IN THIS
BUSINESS?
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Be be your business’
#1 fan
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strive to build a
GREAT
BRAND
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invest in good
people
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great brand = profit
manage your
finances
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Aside from the four
P’s…
Always remember
3 burger sizes…
![Page 40: Lessons and Best Practices in Starting a Food Business](https://reader033.fdocuments.in/reader033/viewer/2022052600/5585a37cd8b42a711a8b4867/html5/thumbnails/40.jpg)
offer something
GOOD.
![Page 41: Lessons and Best Practices in Starting a Food Business](https://reader033.fdocuments.in/reader033/viewer/2022052600/5585a37cd8b42a711a8b4867/html5/thumbnails/41.jpg)
then try to be
BETTER than
everyone else.
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and always put your
BEST food forward.