Setting Up Your Own Home Based Catering Business

Setting Up Your Own Home Based Catering
Business
Copyright © Jose Love

http://perfectbiz.here.ws

Are you one of those people who love to cook? If

you love cooking, you might want to put your

talents to work and set up your own home based

catering business. The good thing about setting up

your business at home is that you get to earn money

while keeping an eye on the kids.

Formulating your business plan

before you start your business, be sure that you

have a sound business plan. Always bear in mind

that your business plan is very important if you

want to succeed in your business. You don’t really

need a complicated business. All you need is a list

of things that you need to do to get things

started, have a business goal, a timeframe and a

budget. Now, don’t runaway yet, it’s not really as

complicated as it sounds. You don’t need to have a

PhD to write your business plan. To make a

simplified business plan, just get a piece of paper

and divide it into four columns. The first column

should be allocated for particulars where you will

write all the things that you will need to do, the

second column could be for time frame where you get

to write the time and date when you will need to

perform the task that you listed in your column for

particulars, the third column will need be for your

expected expenses and the fourth column will be for

your expected output.

When formulating your business plan, make sure that

you list all the things that need to be done,

preferably in a chronological order or in your

order of priorities. For instance, since you are

setting up a home based catering business, you will

need to get cooking equipment. On your first

column, you may write there purchase of equipment

and cooking utensils. Make sure that you identify

all the equipment and utensils that you need. You

may write them according to your priorities. On the

second column, write when you will purchase these

things. In case you are not planning to purchase

all your equipment all at the same time, write the

different target dates you have. For your third

column, estimate how much money you need to get you

equipment. You may also write in your business

plan as to where you intend to get the money from.

The fourth column of the simplified business plan can

be a bit tricky. Here you will make some business

projections. If you are buying equipment, you will

need to project how you will be able to recover the

cost of your investment. Be realistic in your

projections. Always bear in mind that it will not

do you any good to be overly optimistic. Always be

conservative when making projections. It is always

better to exceed your projected income than to fall

miserably below it.
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To find the best home based business ideas and
opportunities so you can work at home visit:

http://jlove.payitforward4profits.com
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