RECIPE FOR SUCCESS INGREDIENT CARD
How to Keep Within the Law eGuide
How to start and run your food business?
You’re probably itching to get your business up and running. However, before you can open the doors, you’ll need to cover a few important legal points.
Getting these right from the start will help make the road ahead that much smoother – and give you more time to focus on establishing your business.
Do you know…
- which business structure will best suit your food business needs? Whether a startup as a sole trader, a partnership or a company, the costs and risks are quite different.
- if you have enough money to survive beyond the initial start-up period? This includes financing the purchase of any stock and equipment and paying your general living expenses while you go through the start-up phase. Starting a food business is one thing but having enough money to keep it going while you get established, is another.
- if you have enough knowledge, determination, and experience to succeed by yourself? If not, will this affect how you structure your business? Owning a business takes a broad range of personal, technical and management skills and abilities.
- if you need a partner to share the costs and risks of operating your business? How much money they should invest in the business and whether they have the right kind of experience that you need?
- registration with the Office of Consumer Affairs will record your business name and help to prevent other people from using it? Do you have a business name?
- the right type of insurance cover for your food business?
How did you do? Be honest! If you answered NO to any of the above questions,
then you need to download a copy of:
Ensure your long-term food business venture success.