If you have a passion for making your cooking hobby as the earning opportunity by starting your own food business, you have numbers of ways to go ahead with unlimited growth opportunities despite having limited funds. Numbers of food-oriented companies in the UK were initiated with a small investment, but today many of these have become the reputed brands. Each story starts with a single word, but it makes you feel good as it proceeds. Are you ready to write your own story by starting a small size food business and to inspire many jobless people or the low earning people don’t find themselves dared to take the initiative for better earning for the future?
Eight Essential Steps Before Initiate Your Food Business:
- Identify business opportunity
- Develop a business plan with minimum risk
- Arrange the required start-up money with a focus on interest rate and other expenses
- Name the business to make it an easy to name brand for the target clients
- Set the business structure according to the planned size at the start and liability
- Enquire about the required business licenses and permits
- Check the feasibility for a business location to cater broader segment of buyers at least expense
- Develop a marketing strategy to promote your products/service
8 Low Budget Food Business Ideas:
The perfect planning for all the basic needs and aspects of small business is must to take on any business idea to shape it up for promising earning potential. The numbers of ‘new off the beat’ low budget food business ideas have helped many people to earn better than their own expectations; some of those are:
Can you make some particular item like jams or preserves that others love? Can you roast your own coffee beans to supply to your nearby clients? Can you prepare flavoured chocolates and confectionary items at home? If you have a particular skill to make some edible items with high potential of being liked by the customers, you make those items to let the others enjoy and turn the opportunity into income. These items can be packed into gift packets often in high demand on special occasions like anniversaries, birthdays, festivals etc. around the year.
You can turn your hobby of cooking into the profit-making opportunity. Why don’t you try the idea to become a personal chef for the busy families that often don’t have spare time to cook by self and hire the professionals to cook well-balanced, healthy meals at home? Some personal chefs have capabilities to cook in bulk also leaving the week’s worth of edible items for their clients. Some chefs cook at the client’s space, while others deliver the food prepared at their own home. Specialising in any stream can make you ride the horse of success.
Catering has become the high earning potential business that needs very little investment to start with. If you enjoy cooking unique dishes for the larger gatherings at events, it is a good idea to start working as a caterer. Although it is a business idea filled with responsibility and challenges catering some experience makes you comfortable and confident in catering for the large gathering. To start with, you can take short assignments like weekends catering for a few guests. At a later stage, you can consider specialising in a particular niche also.
Healthy Food Supplying Business:
The healthy food business is a bright idea to earn well with very little investment. As the users are getting more health conscious, demand for healthy snacks, fast food and meal are on the rise. The supply can be maintained through an online portal or through a stall settled in your locality. For example, the low-calorie cakes are I high demand that gives you enough space to try your skills and gain a specialization. Inventing new healthy food is a novice idea; if the taste clicks even to some users, you get the fame through mouth publicity.
More and more people are becoming concerned about the health, fat and calories. The modern lifestyle hardly gives the most of us enough time to exercise; therefore, many people contact a nutrition coach who could guide them for better cooking without much compromise with taste. Some people have specific issues diabetes or food allergies with a particular type of food items or ingredients. Some people want gluten-free meals. As a Nutrition Coach, you will have to guide the clients for cooking the food of their liking in a line of health concerns. To start this business, you need to complete a certification course; often, such short-term courses are conducted online.
Would like to share your cooking skills with others? Working as a cooking instructor is a good idea to start a low investment business. Many people wish to have cooking skills and are ready to pay for learning at their ease. Such people come across the necessity of self-cooking first time in life. You can be a guide for them. The job cooking instructor is focused on a specific area like baking, grilling or general cooking. You can use online sources for personalised teaching or can create videos to be sold. At a later stage, you can start your own cooking show on YouTube also, here, you earn by getting advertisements.
Business with Food Truck:
If you have a little capital amount for investment, you can start a food truck business. It is a time tested the idea with a high potential of earning daily. You don’t need to search the customers for the quality food and unique dishes. The variety of food and drinks can be served from food truck including hot dogs, burgers, curry, coffee, cocktails. Although you have to get some licenses from different authorities, it is a one-time task for lifetime earning an opportunity. Festivals and holidays boost income automatically.
Raw Food Supplying Business:
Getting raw food for the quality cooking the right price is a challenge. Although online stores supply all the fresh foods quality can’t be taken as guaranteed. Providing raw food to the nearby community at short notice is an excellent low investment business idea. You can start with fresh food stall or by launching an online store with lots of activities on social media. Health food shops and health food suppliers will be your target buyers.
Related: 7 Business Ideas for Home Stay Mums
There are numbers of ideas to start a food business with very little investment, but you need to plan it for a long-term. The chosen food business idea should match your passion, patience, physical abilities, likings, and available funds etc.