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Food Is A Necessity, But U Can Still Fail At Running A Food Business. Here’s Why - Food - Nairaland

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Food Is A Necessity, But U Can Still Fail At Running A Food Business. Here’s Why by needmyservice: 7:55pm On Jun 20, 2018
Before starting your own food business, consider these common mistakes that have cost some food business owners their businesses and time

Wrong Location
The first course of action is to do a quick survey about the people/company in the area. A buka in Ebute Metta may not do well in a location like Adeola Odeku, Victoria island. Will you rely on foot traffic? Does your food require natural or local resources? What kinds of zoning restrictions might you encounter? The best location is one that minimizes costs while maximizing income. Some businesses are “footloose” in that they could set up pretty much anywhere.

Right product, Wrong market
As stated earlier, A “Jedi” seller will dwell more on the mainland in lagos, Than on the island. This doesnt mean people on the island dont drink Jedi. But its not just the right market for it.
Instead of making all your own decisions in the vacuum of what you want to do, your own creativity. In classic dysfunction, Most food business owner make their meal/drinks/product first, then hoped customer would have a market for it. Instead of “building to suit” the market. An hour spent on a location observing the people who lived and walking around the neighborhood will help you.
There is nothing “wrong” with your own creativity. It was just in the wrong place/market. No matter how many times you package garri, It just doesn’t suit “The Mall”.

Read full post - http://blog.needmyservice.com/food-is-a-necessity-but-you-can-still-fail-at-running-a-food-business-heres-why/

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