Personally I have never understood how they could do it. Talking on the phone while whipping up a creme brulee for one of today's festivities (only one of four such festivities). Scheduling workers -- and delivery trucks. Checking uniforms. Coordinating with the decorators. Taking upteen calls from clients. Pricing parties for ten and for a thousand. Scheduling kitchen facilities to accommodate all the different dishes.
Catering has got to be one of the toughest businesses going. Fortunately for us, thousands of exquisite chefs step up to the plate every year, bringing us everything from hot dog parties at the beach to New Year's galas. Whether yours is a home catering business, or an established catering business looking for funding, our collective hats go off to you!
What's that? You need some financing? Well, here's the scoop.
As a start up, it will be tough getting outside financing, and that is true for virtually all industries. The real key to getting funding is simple: Success. With a track record of success, all kinds of doors open. Without it, look for those doors to slam in your face.
So how is that success measured? Real profit is certainly one way. The fact that you know how to bid projects and take them to a profitable conclusion is a strong endorsement for your business. Longevity is the other way. Doing one or two projects profitably won't make you a seasoned pro. Get a year or two under your belt, then go for outside financing.
It can be a very long year or two until you qualify for financing, and getting that financing doesn't ensure continued success. It is still your creativity, ingenuity and business sense that will lead your company forward, no matter how much outside financing you can muster.
So pat yourself on the back. You've come a long way, and you will go further.
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