Читать книгу Start & Run a Catering Business - George Erdosh - Страница 5

There are three ways for you to get into the catering business:

(a) start from scratch with nothing and build slowly into a business;

(b) purchase an existing business with a name, client list, and equipment; or

(c) buy into an existing business as a partner or work for an existing caterer to earn equity as a partner.

The first method is by far the least expensive way to start, but without a client base, it is a slow rise to the top.

Purchasing an existing business can be quite costly, but you are running a business from day one with a cash flow, presumably a positive one. Often the purchase agreement stipulates that the former owner will assist for several months with the smooth running of the business and perhaps even deal with the clients you inherit. You have all the equipment and staff in place.

Buying into an existing business as a partner may also be costly, but you don’t want to take on all the responsibility and the tremendous tension of running a business by yourself all at once. Here you can ease into the business and partnership over several months or even years. These three methods are discussed in detail in this chapter.