Having a business plan will give you direction and keep you on a course for success.
A plan may be essential in order to prove that your concept is viable when it comes to talking to investors or seeking funding from other sources. It will help you to confirm that your plans are indeed possible and it will give you a place to compile all the data that you collect from your research.
Once you start your catering business it is important to continue to refer to your business plan to make sure that you remain on track to meet your goals. You can also make changes to it if necessary as your business develops.
There are many ways to set out a business plan. Below we offer a sample catering business plan template that is divided into twelve sections.
Cover and Table of Contents
On the cover you should give it a title and state clearly who the main contributors are and when it was prepared.
Then you can include a contents page that clearly divides the report into sections with page numbers so that interested parties can easily find the information that they are looking for.
This is basically an introduction where you can summarise the other sections of the report and give a very basic outline of what the proposed business is about.
Try to sum up what the business will be about in a few short sentences. It is a quick way of letting readers know about the ideals and standards that a company represents. Putting profits aside for a minute, try to think about the purpose of the business. How is your catering business making people’s lives better?
Take note of industry trends and try to forecast future developments
Outline your working history and attach any relevant reference letters as an appendix to the plan.
If you run a business you will know that there is a certain level of risk in operating the business. This means that you need to plan for the risks that potentially could cripple your business. A great way to do this is to use a risk management plan and a great way to create a plan like this is to use a risk management plan template.
Outline any competitive advantages that you may have. Do you have any catering business qualifications or skills?
Set out some growth targets and other goals over the short and medium terms. Refer to your business plan regularly and push yourself to keep up with the goals that you set.
Startup Costs and Considerations
A template is going to save you considerable time and effort in getting your plan in place. There is not really much point in reinventing the wheel, because chances are someone has already done what you are trying to achieve. Therefore it makes sense to use the tools available and save time, money and also the added effort of re-creating something form scratch.
List out startup costs and initial operating costs and then calculate the total amount of startup capital that is required before you can open your doors to clients.
Outline all of the other hurdles that must be overcome before you can start operating as a catering service. You may even have to do a short course to get certified in food management or hygiene. It is important to set out the costs involved as well as a time frame for compliance with these local regulations.
Ownership and Management
If you were inspired by this paper then you could also be entertained by discovering about Business Plan Proposals as well as Marketing Proposal Template.