Starting a Home Catering Business – Information You Need to Know

If you are thinking of starting a home catering business, there are many things you should consider. Of course, if you have a great passion for cooking and are really good at it, you are a step ahead of the game. But there are other details you need to think about to be successful!

Before you begin any type of self employment you need to make sure that working for yourself is truly what you want to do. Are you self motivated? Can you make out a business plan? Will your finances suffer if you try to make a go of it on your own? Starting a home catering business can be fun and very profitable, if you do it right.

Make sure that you have the dedication and perseverance it takes to run your own business. In a catering business, you need to find out what all of your costs will be and what your competition is doing before you begin. Writing out a business plan is also necessary to insure your success.

Here are a few things to consider when starting a home catering business:

1. How much is it going to cost upfront? Make sure you include costs for any equipment you may need, such as stoves or other cooking appliances if you aren’t able to do the preparation at your own home.

2. Are you considering mobile catering? If so, think about expenses for buying a trailer to travel with, along with gas and food costs.

3. How will you market your business? Placing an ad online and in your local phone book are good ideas, along with business cards and flyers. You might also consider advertising on the radio if it is within your budget.

4. What is your competition doing? This may be the most important step of all in your planning. You need to know how much your competition charges, and what types of food they prepare.

5. Payment terms – Will your customers pay you before the service, or when completed? Consider how much money you will need to purchase food and other necessary items. You will also need to think about transportation for the meal, and how you will keep it warm while travelling to the event.

These are just a few thoughts about starting a home catering business. You really want to make sure that you have thoroughly considered every detail, so that there are no surprises when you start your business.

This can be one of the most fun and rewarding types of home businesses if done right. The fact that you love to cook will make it much more enjoyable, and when you love your work you are usually much more successful in what you do.

Need more help in starting a home catering business? Visit the links below!

Computer Home Based Business – Information on Getting the Loans

Nobody had ever imagined that computer home based business would become so popular within a decade. There are thousands of people who have quit their jobs and have started their own businesses from home. However, there are lots of aspects to consider before starting a home business.

Arranging capital for starting a business is one of the most crucial aspects which you will need to consider first. Where to get the initial investment amount is one of the major concerns. Quite a lot of people have their personal savings which they utilize for starting their business. Some of them borrow from their friends and relatives.

If you feel that you have that talent and will be able to have a successful computer home business, you can think of taking external financing for your business. There are various types of loans which are made available from banks and private money lenders for small investments.

You may also use credit cards to make purchases for your business needs.

Borrowing money from friends and relatives often is beneficial because of the low interest or no interest at all in many cases. Other options like enterprise capital firms help the upcoming companies grow in partial ownership.

Various Kinds of Credits for Business Financing

There are two different types of loans offered by the banks. They are

o Long term loans

o Short term loans

Long term loans have maturities up to seven years but for the equipment and real estate this loan maturity may go up to twenty five years. These kinds of loans are used for construction work, furniture, durable equipment etc. However, short term loans have maturity just for one year and are used for working-capital finances and lines of credit.

Before applying for loans, there are certain important aspects that you will need to consider. How much money you will need for your business, what do you need it for and how will you pay it back.

These are a few important questions that you will need to answer while applying for the loan. Your computer home business should be low on credit-risk for the lender.

What do the bank officials look for?

The bank is worried about its money so it will always focus on finding out how you will pay back the loan amount. Repayment assessment is done by the loan officers. They consult credit reporting bureau for a copy of your company’s financial statement.

Writing a Good Loan Application

A good loan application is very important when you are applying for loan. You will need to give your name, complete address, names of principles and security numbers. You will also need to mention why you need the money and how much is required.

You will also need to provide your computer home based business details in the loan application. You will need to mention the ownership legal structure and the present business possessions.

Building Your Coaching Business – Information Marketing – Lots of Clients

Here’s an answer to most of the problems experienced by coaches who are struggling to get more clients. Turn “no clients” or “few clients” into 20% to 70% of the people you touch giving you an appointment.

I do a lot of conference calls with struggling coaches. Here are the struggles that most coaches experience:

Typical Problems Experienced By Coaches

  • Can’t reach the decision maker – get sidetracked to HR and HR puts you in with ALL of the other coaches, consultants, trainers….you are a commodity in their view.
  • Can’t get the decision maker’s attention
  • When you do get to the decision maker, and they even seem somewhat interested, the bottom line statement is “Don’t have time,” “can’t afford that right now,” “I’ve got to keep my nose to the grindstone.”
  • Sending out pre-approach letters, but not getting any response.
  • Cold calling but not getting through, not getting returned calls from voice mail.

Do any of these sound familiar?

One Solution to That Problem

Here’s something that has been working extremely well with coaches I’ve worked with. Some have said they get 20% to 70% appointment setting rates when using this approach.

The first thing to note is to “stop selling” and “start helping.” Be an unlimited resource for everyone you touch, even if you touch them only once. You will become known as THE expert in that field, in your region.

First identify, your target market, if you haven’t already. Make that a narrow niche market. Even if you believe you can help the world, pick a narrow market for this approach and target the messages directly at them.

Send a letter to your target market that mentions that you’ve had significant results in ________ [name the target market], and then define a value statement around that. That means that you will indicate just how much impact you may have made on some people, or companies within that target market. Then tell them that you’d like to share some ideas that have worked with others like them, and will be sending them over the next few weeks.

Then, over 3-5 weeks, send them a printed article each week targeted to a specific problem in that industry. If you have been writing articles in an ezine, then you might also send them to that article online. It adds credibility when you can show that you are published, expert author.

At the end of 3-5 weeks, send a letter asking them how much value they got from your articles, and that you’d like to call some time to ask what they got from the article.

When you call, get them telling you just how much help that was. Ask them to put that into dollars and cents, or time saved. If they got any value at all, ask if you can set down with them over coffee to hear more about their business….

Notice, that at no time did I indicate I have anything to sell. This was all about helping them achieve their goals, and freely sharing information. The doors will be open…unless you go into the “sales” mode, at which time the door will slam in your face.

You have an appointment. Keep that appointment on “exploring their business” not on “selling.” This should get you setting down with 20% or more of your target audience.

What happens if you don’t get the appointment, but they did feel they had gotten some good information. Then ask if they’d like to continue receiving that kind of information. Add them to your newsletter, or email list for ongoing information. Many will find additional value from those emails. You will have another chance.

Upcoming articles:

  • We’ll discuss what to do and say in that meeting.
  • How to use that same approach, information marketing, in networking.

The Truth About Business Information Products

One of the most saturated markets on the Internet is the “How to Make Money Online” or “Business Secrets” market. There seem to be endless Ebooks, DVD’s and audio downloads available but are they any good? You can’t buy them all, which should you choose?

I’ve bought quite a few of these products. Many were worth the money, some more than others. Some products are more fluff than substance and when you finally got to the substance that was actually going to benefit you, you found it was regurgitated from some other guru.

The fact is in any given particular sub niche of the make money market there will be a considerable overlap on what each info product will be offering. Say you want to learn about Pay Per Click marketing. There are so many Ebooks out there about Google AdWords and all the other PPC systems. And I would guess something like 75% of the information is the same in almost all the ebooks.

The question is which one should you choose? In a lot of cases Ebooks are written by someone who has read another great Ebook. Then they basically re-write it in their own words. In most markets there are a few people who are the true experts that have been doing it for longer than everyone else and have the most success at what they are teaching. Those are the people to seek out. It’s normally a good idea to go to the source of the information rather than get a watered down version

There are also products out there that have information on a new innovative ways to do things. These are also worth buying. The problem is knowing when there really is some original and unique benefit to a product. The people selling these products by definition should be marketing experts. That means, if they choose, they can probably sell you a sub par product by making it look way better than it really is.

My advice would be to be cautious when choosing products and use plenty of common sense. Go through the information on each product you think you might want to buy and compare them. If their product is any good then they should be giving away some very useful information just to convince you of their product.

Generally if their marketing is all fluff and no substance with claims (founded or not) of wild sums of money, but no actual information on how they did it then the product is probably of less worth than others. When the product is worth buying you will normally be given an outline or teaser of what they are going to give you that really shows you some worth and makes you want to buy the product to get all the information.

If the product mainly appeals to your emotions and you want to buy it because they’ve reminded you of the great car you’ll be able to buy, or wonderful life you’ll have then I would recommend not buying it.

The best advice I can give is to use lots of common sense and delay your purchasing decision a day or two so that you can be sure you aren’t just being swept up in the moment. One great way to learn how to market is to look at as many of the sales systems of these products as you can. Not only will you pick up a thing or two but you will gain experience of which products are worth buying and which aren’t.

At the site below I try to give away as much useful information as I can and recommend only the best and most worthwhile products. I would recommend that you check it out (but then I would say that wouldn’t I!).