Everyone loves food trucks. Being around them is so exciting – and delicious – that many people think they’d like to get into the business themselves. Do you have what it takes?
Finances: Beforeyou race out to buy a food truck, determine if you are in a good financial position. Many new owners borrow money or join up with partners to fund their business, and other use personal savings to get started. Any new business is risky, so it’s important that you have your personal finances in good shape and can acquire the necessary capital to get started.
Business Acumen: Running a food truck means more than simply serving great food. Any successful operation requires responsible management, effective marketing and great customer service. Attention to detail and a commitment to quality also are mandatory. What is your business background?
Commitment: The food truck business demands long hours and unwavering dedication. Are you prepared to devote the time that a successful food truck – or any new business – demands? Do you realize that weekends and holidays will be your busiest times, and your customers expect you to be where you say you’ll be. Many new food truck owners spend almost all of their time in the truck. Can you make that sacrifice?
Expectations: Operating a food truck is not as easy as it looks. To succeed, you must have both the knowledge and the appropriate expectations for your new profession. While you can make a good income with a food truck, you will have many expenses beyond the cost of the truck and the supplies you must purchase.
Knowledge: Do you know that food trucks must abide by similar regulations and to submit to health inspections just as restaurants do? Do you know how to balance books, project food and ingredient needs and manage employees?
Many people have a passion for cooking, love people and want to be their own boss, but not all of those would make ideal food truck operators. You can learn the secrets and pitfalls of the food truck business before you make an investment. Mike Mikhail, owner of a fleet of Los Angeles food trucks, regularly consults with fledgling food truck owners and helps prepare them for their business launch. His experience and guidance can help new operators bypass six months of painful – and expensive – trial and error. To reach Mikhail and discuss his consulting services, phone one of these food truck operations:
Greenz on Wheelz at855-6Greenz
The Hungry Nomad at877-NOMAD-10
Hang 10 Tacos at 855-5-Hang-10