MyConcessionBusiness.com

Posts Tagged ‘decision’

When you are looking at food stands for sale, there are many things that you should take into consideration before making your purchase. These are available in many different sizes and styles with an endless number of equipment and appliance configurations.

First you need to determine if you are looking for new or used food stands for sale. New ones will have a full warranty but of course a used one will save you a considerable amount of money. Once you have made this decision, it is best to make a list of all of the options that you absolutely need as well as any additions that you would like to have that are not necessarily requirements or deal breakers.

When you create your list of needs, you need to take into consideration the type of food that you will be selling. Obviously an ice cream stand would have no need for fryers and a flattop while a funnel cake food stand probably doesn't need a whole wall full of freezers. You should also take into consideration storage area space. If you are only carrying one or two types of concession stand foods, you won't need as much refrigerator and dry storage space as someone who is preparing and selling full meals. Do you want three sinks or will you find a way to divide one large one to meet health code regulations? Will a dishwasher come in handy or are you selling prepackaged items? Depending on where you plan on setting up, you may need to consider an extra quiet generator that will meet certain park regulations as well.

There are many variables to take into consideration when shopping for food stands for sale which is why a list is a very helpful guide to have with you. If you are purchasing a used stand, you should check for any rust and be sure that all appliances work.

There are always many food stands for sale due to people upgrading, expanding or retiring so you don't have to jump into the decision. Find the one that has the perfect options to suit your needs in your price range.

Every entrepreneur knows that overcoming obstacles in business is just one of those things that you have to deal with from time to time when you finally become self-employed. Most people may consider an obstacle quite a nuisance but, believe it or not, they can actually help your business.

Although overcoming obstacles in business may cause a bit of stress and frustration at the time, these obstacles also allow you to evaluate what is working and what isn't. A lot of trial and error is involved in building a successful business. If you are not coming across and error once in awhile, that means you are not pursuing enough trials.

To be a successful entrepreneur, you need to aim to constantly discover ways to improve your product or service and find ways to pull away from your competition into your own league. Opportunity will not come and knock on your door, you need to pursue your own dreams and make them happen and do not let anyone stand in your way. Walt Disney was ridiculed everyday for his ideas but he followed his dreams and created a multi-billion dollar company.

To be successful, you need to take risks. Overcoming obstacles in business allows you to develop strength and gives you the courage to seek out new opportunities. When obstacles arise in your business, you need to look at them as a learning opportunity and be thankful for them rather than be frustrated. When you are faced with a huge decision or dilemma, take the time to sit and write a plan of how you are going to get through the situation or weigh all of the pros and cons of your decision first before following through.

Overcoming obstacles in business is as simple as changing your attitude and how you look at things. Be thankful that you have a business and focus on positive things. You created your business and only you can overcome the obstacles that it brings.

Finding a Mentor in the Concession Business

Finding a mentor in the concession business is actually simpler than in other businesses, for the most part, because concession entrepreneurs have all been where you are and once too had the dream to become self-employed. You will find that most people either currently in the business or retired from the concession business are good-hearted individuals and as long as you are not trying to to use their knowledge to take their business away, they genuinely want to help.

So, how do you find the right one? That depends on how selective that you are. Most governments will offer mentoring for small businesses. Quite often, they will offer entrepreneurs free workshops and mentoring from successful retirees. There are also professional organizations that offer mentoring programs.

Direct Personal Contact

Finding a mentor in the concession business is most commonly done by finding someone in the business on your own. An easy way to do this is to go to a fair or a festival and find a busy business. After closing or during a slow period, ask if the owner would mind if you set up an appointment to speak with them for a half hour or so one day or if they can recommend any good mentoring organizations in the area. There is a good chance that they will be flattered and happy to talk with you and possibly be your mentor or at least point you in the right direction of finding one.

Choosing From Several Mentors

If you are choosing a mentor from several choices, you need to decide which one is right for you. Meet with them and have a prepared list of questions that are important to your decision. Find out their current situation, history and goals. When you propose a mentoring relationship, you need to be sure to spell out expectations and goals. Remember that even though a mentoring relationship usually lasts long beyond a few meetings, neither one of you is obligated to be locked into the relationship.

  Finding the right location for your concession business can most definitely be a daunting task. Location is the key component to the success of any business, especially a concession stand. The location possibilities are truly endless to set up shop at including fairs, festivals, carnivals, flea markets, malls, parks, etc. Of course, the spot that you ultimately choose is often going to be influenced by just how much money that are willing and able to spend to secure your desired location.

 Outdoor events are perfect places to look when you are trying to find the right location for your concession business. You are looking for a spot where there is a consistent flow of heavy foot traffic. Carnivals and other outdoor activities are ideal to set up at because there is easy set up involved and overhead costs are generally quite low.

 Keep in mind that the prime locations at an event are going to cost you more than being in the sidelines so this gives you another huge decision to make. You may choose to pay top-dollar because you know the profit will be well worth it if you set up where the masses will flock to eat or you can often pay a substantially less amount of money and be where there is less foot traffic. However, if you are selling a more original product that other concessions may not have, you may opt for this choice because the people will travel a few extra steps to access your product.

 You may even want to consider setting up at food drives or charity garage sales. These events draw a giving crowd and if you are giving a small amount of your profits to the cause, you will attract even more traffic.

 There are endless possibilities of where your business can take you. Do not put a lot of stressful thoughts into finding the right location for your concession business. Go where the people are, sell a tasty product and offer outstanding customer service and you will do just fine.

Forming a business plan for a concession business is the most important step of the whole process. Chances are, you probably already have an idea of what you plan on selling but if you don't, this is the time to make that decision. Your business name will need to be determined which should relate to your product and you will need to select a business structure for tax purposes. You may want to do a bit of research on the pros and cons of a limited liability company, sole proprietorship or a partnership. Also, if this is going to be a partnership, you need to be precise with what each person's responsibilities will be.

When you are forming a business plan for a concession business, you need to be aware that you will probably need a certificate granted from the health department that states that you are educated on how to prepare and serve food in a safe and sanitary way. You will also need a license allowing you to do business.

The next thing you will need to do when forming a business plan for a concession business is set up a realistic time line and use this to establish your goals. This time line will also help you decide the time you are willing to spend on development and marketing. Be careful not to make the mistake of setting unrealistic goals.

You will need to spend a bit of time analyzing opportunities for your business. Do you plan on being grounded at one location or will you have a concession trailer and travel from festival to festival. Your time line will also allow you to create milestones for securing your location, buying equipment and your estimated date of when to open your business. List intermediate and long-term goals that are attainable and attractive to investors and banks. Of course, if you are seeking outside funding you will have to know how much money you will need and be able to explain exactly how it will be used.

Forming a business plan for a concession business may seem like a time consuming task but it is the only way to be sure that you cover all important areas that need attention along the way to obtaining your goals.