A catering business is profitable today in Canada. Lots of events take place throughout the year, and you will get a lot of clients if you can build your brand image. Here is a step-by-step guide for starting a catering business in Canada.
Business name and type of entity
After choosing the type of catering business you want to do, you should choose the name of the business. Then you should decide on the business entity, that is, whether you want to be a sole proprietor or want to go into partnership.
Write a business plan.
You should write a business plan which will act as a guide when running the business. You should do some research on your competitors as well. Finding your target audience is also part of the business plan.
Register your business
You need to register your business. As your business involves food, you might need other registrations as well. The health department will inspect your place to check if food is prepared hygienically.
Get all licenses and clearances
You must obtain a license for your business from the state. You may need to pass a state health inspection. You may require workers’ compensation insurance and other permits.
If you have savings, then you can use that money to start the business. You can take a loan from banks or other financial institutions. You can also ask your friends or family members to help you financially.
Determine to price
You should decide on the pricing of your catering service depending on the location of your business and the type of catering. You can create price tiers or go for the fixed price model. You should consider the cost when designing the pricing structure.
Hire and train employees
You need to hire staff and train them so that they can provide the best customer service. The staff must be knowledgeable about the catering business and understand the customers’ needs.
You should promote your business so that more people know about it. There is a lot of competition in the market, and without marketing activities, you won’t be able to build a brand image.
These steps will help to set up your catering business properly. If you can get the right resources and market your business properly, then your business will grow within a short time.