You might feel as though you’re a pretty good cook. You might even have formal training from a culinary school or another institution with an emphasis on cooking. If you like your menus, if you feel confident in your cooking abilities, and if you believe you can make a lot of people happy by serving them large quantities of food with a small team, the catering industry might be for you.
If you’re feeling like you might want to start your own catering company, there are a lot of factors to consider. You need to know about the types of events that frequently require caterers and how you are expected to be flexible when it comes to clients’ needs. After all, catering is very much a customer service experience.
There are a lot of ways to get started and you should know about some of the ways you can get ahead of your competition early on, so you don’t have to find yourself adapting constantly because your initial business plan isn’t really doing very well.
Keep Your Overhead Low
In the restaurant and catering industries, overhead is typically referred to as the initial costs you have to have in order to get everything you need to actually serve the food. For restaurants, the overhead can include everything from the groceries to the rent of the building they’re residing in. For caterers, overhead might include vans and other mobile food transportation options, trays and other serving mediums, and, of course, the food itself. For larger catering companies, the staffing is also part of the overhead.
As you’re starting out, with or without an investor to put money behind you, you’ll want to keep your overhead as low as possible. This is beneficial for several reasons. First, you want to make sure your events not only cover your overhead but also ensure that you take home additional money to either invest back into the business or pay for personal costs like your flat rent or a car payment. So how can you keep your overhead costs lower while providing the highest possible quality for your customers and clients?
Getting Cheaper Supplies
Did you know that ordering in bulk actually cuts down overhead costs? You can actually buy catering supplies online now with the option to select shipping based on your schedule so you can ensure that you have everything you need ahead of time before the next big event.
So what kinds of supplies should you buy in bulk? Well, you should ensure that you have plenty of everything you need in order to serve your guests. This includes things like glasses, plates, bowls, flatware, and napkins for the guests to use. However, this also includes serving trays, utensils, tablecloths, and other things the staff will use, if there will be staff.
There are several different places to get supplies online so you should start doing your research now. It’s really important to keep your overhead down, at least at first, so that you can make as much of a profit as possible in order to grow your catering business quickly.