So you’ve successfully started a food business and all your hard work has paid off! Orders are streaming in and there simply aren’t enough hours in the day to keep up with the mounting work. You sound like you could use some expert advice and food business tips!

A common problem with new businesses is that as they begin to experience success, they find themselves bottlenecked by the limits of their own processes. In other words, the very things that made them successful in the first place are the same things holding them back from achieving even more!

Start Your Food Business learn-how-to-start-your-food-business Food Business Tips - 6 Ways To Grow Your Food Business
It’s normal for entrepreneurs to do everything themselves when they start a new business, in fact, it’s often a wise idea. Handling all aspects of the business yourself, also known as ‘bootstrapping’, is an effective way of saving money on startup costs and retaining control over your business. Being so deeply involved in your business gives you a greater awareness of each process within it and how the marketplace works as a whole.

However, ultimately there are only so many hours in the day and only one of you! There is a natural limit to how much you can produce and how much your business can grow if you try to do everything yourself. If you feel your business has the room to grow but you’ve reached the limits of your own powers, it may be time to hire some staff or outsource some of your business processes.  This will to free up your time to work on your business rather than in your business. Although this requires you to spend some money to perform tasks you’ve become accustomed to doing yourself, research has shown that spending money to save time actually make you happier.

But how do you make that key decision? And key decision it is because, at this stage in your business’ growth, the choice you make could take it to new heights or drain your funds and cause more stress. That’s why we’ve compiled a list of food business tips for your business to grow and scale upwards

Hire Staff

Hiring additional personnel and training them to perform tasks previously undertaken by yourself is the easiest way to free up your own time. You don’t have to hire full-time staff initially; even if the quantities you produce are low, part-time or casual staff are a great way to start.

Get Help

Free up time to work on your business by outsourcing jobs such as research, customer service, and even personal tasks like housework or childcare. Consider the value of your time and where you are best served to spend You’ll often find that hiring help pays for itself if you invest the additional time it affords you into revenue generating activities for your business.
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Outsource

If your business is growing fast enough, you may consider outsourcing its manufacturing, packaging, and distribution. But be aware that a minimum order quantity (MOQ)  is usually required, so assess this decision carefully

Additional Revenue Streams

Are there other ways in which your business can make money that you haven’t fully explored or exploited? You could place your products in retail stores in exchange to reach new customers and grow your sales, share your skills through courses and classes, or write a cook book and share your recipes with the world. The possibilities could be plentiful if you take the time to think about them
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Volume Efficiency

Perhaps your business could take advantage of volume discounts by manufacturing greater amounts with less frequency. This is also known as economies of scale.

Increased Funding

Perhaps your business needs a cash injection in order to take it to the next level. Research how money you feel you’d need and then look into the best method of acquiring it. This could be via wholesale sales, grants, or loans.

Everything You Need To Start Your Food Business

Scaling your growing business is an exciting prospect and it’s extremely validating to see your vision reaching fulfillment and starting to flourish. But it’s important to remember to control the rate of growth, keep it manageable and invest the time and effort to craft processes that suit your business. If you need help designing a plan to scale your business, contact us and we will help you to grow.
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