The food truck industry has grown into a $1.1 billion behemoth of an industry in 2020, according to IBIS. Recent research credits many factors to the rise of the food truck industry with one being that consumers love being able to obtain gourmet food options at a fraction of the price. This may sound enticing when thinking about starting an entrepreneurial food truck business; however, starting a successful business is much easier said than done.
Are you wondering what you need to do to start a successful food truck business? Start by creating a thorough business plan. Here are a few things that your food truck business plan must include:
No one has ever said that running a restaurant is easy. It seems even more difficult if you are an independent operator. Consumer’s tastes are changing, with more dining concepts available than ever before. New technology keeps popping up, but staffing challenges never go away. And then there’s the chains, which seem to get harder to fight against. Indeed, The NPD Group’s Fall 2015 Recount showed independent unit counts declined -2%, while the chains grew +1% from the year before.
With the chains gaining ground in overall units, how can the independent compete? Fortunately, there are weapons at your disposal. Check out these five tips: (more…)
Being a leader comes with many responsibilities. One of these responsibilities is setting smart and effective objectives. What does this really mean?
First, it’s important to point out that objectives are different than goals. Goals are what you want to achieve; objectives help you work towards achieving those goals. To begin, take a look at the overall strategy and objectives for your organization and your team. The targeted objectives you develop should support those larger strategies and objectives in order for them to be effective.
Here are a few steps you can take to create your own objectives that will lead your team and company to success. (more…)
With the start of the new year upon us, it also brings the perfect opportunity to work with employees on establishing goals and objectives for the upcoming year. This is “peak season” for individuals who dedicate a large portion of their time to employee development. Working with your employees to create goals and objectives is key, especially for those who are driven by results. But more importantly, it’s exciting for an employee to meet and exceed their goals and experience the direct impact they have on their company’s success. (more…)
The insurance tips and trends to help you make smart safety decisions for your business, plus an inside look at Society.