The major steps in starting a food truck business involve legal, marketing, financial and creative tasks. After performing the legal tasks, the other steps can be performed in any order.Continue Reading
Legal tasks involve learning the local ordinances for doing business and applying for and receiving a permit to operate a food truck. Local laws usually specify where and when a food truck can do business. In addition, municipalities often require a health department certificate, truck permit and food vending license.
Marketing tasks include identifying customers and the types of food to sell. Ideally, the menu offers items different from any other food truck in the area. These items should appeal to the target audience: those most likely to visit the food truck and become customers.
Financial tasks involve acquiring funding to start the business. Possible sources of financing are banks, investors and the owners themselves. Banks and investors require a business plan that details the cost of doing business and projects sales and expenses for a few years.
Creative tasks begin with choosing a catchy business name that reflects the cuisine or concept of the food truck. Other tasks are writing and designing a menu, painting and outfitting the truck and preparing the food for sale.Learn more about Managing a Business