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START UP A MOBILE CATERING BUSINESS

STEP5. EXPANDING - GROWING

Time to expand your mobile catering business
If you've come back to read this section you're probably considering expanding and growing your mobile catering business further. Most successful businesses whatever type come to a point where they have to start turning away work due to simply not having enough manpower or catering trailers to go round. Your bookings are probably increasing and you wish that you could be in two places at once most weekends but is it the right time to think about growing and expanding your mobile catering business?

Up until now you've been a one man business or working with your partner, bringing in a steady, reliable income from your business, your finances are under control and you have built a good profitable, easy to manage mobile catering business but at this moment you are torn between the safe, reliable business and the risky entrepreneur urge to expand. Do you stay as a small business or do you take the plunge and grow your mobile catering business further?    

Expanding any business is a hard decision to make no matter how confident you are about the availability of future bookings. With increased expenses, increased borrowing and staff wages to pay, expanding can be a big headache. Hopefully we can give you a few useful pointers and raise some issues that you may not have considered before you take the plunge to expand your mobile catering business. To continue reading on please use the key points navigation bar.

 

KEY POINTS

Time to expand
Your bookings are increasing, but is it the right time to think about growing your business?
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Borrowing to grow
Is it possible to expand your mobile catering business without increasing your borrowing?
Find out more 

Financial planning
Plan your finances before you take the leap and expand your business.
Find out more

Diversify
Don't put all your eggs (or hotdogs) in one basket.
Find out more

Employing help
You can't keep doing everything yourself and you will need to employ at some stage.
Find out more

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