Many catering companies begin as a one-person operation handling all duties such as cooking, event scheduling, and marketing. This works well to minimize start-up costs but what will you do as your catering company begins to grow? It becomes impossible for one person to effectively manage all of these tasks so expansion becomes the only option. However, expansion costs money and often needs to happen first in order to capture new business to increase your profits. This is where a merchant cash advance from Quikstone Capital Solutions can solve your cash crunch. These funds can be obtained in just a few business days and can be paid back with your future credit and debit card sales. The process is simple and can give you access to the funds you need. Grow from a one-man operation and get the help you need today!
Areas for Investment Opportunities
Catering Trailer
Purchasing a catering trailer to serve your customers can increase sales and your customer base. In addition to a trailer, you can also take a look at a van, gazebo or a cart. Each of these methods has different advantages and disadvantages. You will need to check out how accessible electricity and gas are for cooking. Also, being outside means that you and your customers will need protection from the elements. The time of year will greatly influence which mobile method will work best. Please remember to investigate permits which may be needed since this can delay or derail your grand opening. Take the time to research the best chances of passing your health and safety inspection. To save money, you can purchase a used trailer but please be sure to avoid one which is low-quality and can end up needing expensive renovations.
Kitchen Equipment
Invest in equipment which is reliable and will provide the best result quickly. Time is money so being able to cook more in a faster amount of time yields the ability to book more clients and take on larger jobs. In addition to an oven and a refrigerator, most catering companies need to provide several additional items. You should offer a wide array of serving plates, cups and utensils, glasses, tablecloths, and serving trays. You will need equipment to stock a buffet with items such as food warmers, cutting boards, and nice quality knives for presentable meat slicing. There may be occasions where your customer will request bar service so you will also need nice stemware for wine and durable glasses for drinks.
Additional Personnel
As you expand, there will be more phone calls to take, more scheduling conflicts to manage, and more marketing opportunities to take advantage of. One of the most beneficial positions to fill will be a Manager who can make sure that your clientele is serviced well and maintain your financial position. Often, follow up and friendly reminder emails and calls go overlooked due to a lack of time. However, this is one of the most important aspects of growing your business. A Manager will see to it that this remains a top priority. Hiring an event planner to pull in new business is a must. This person can also handle a wide variety of responsibilities such as putting in bids at community events and staying abreast of upcoming opportunities. Full-time workers are expensive so temporary staffing companies can also be used for special events and larger occasions.
