Thinking about starting a food business in 2024? 🤔 Here are 3 things you must consider before starting up!

1️⃣ YOUR CURRENT FINANCIAL SUTUATION💰: Prepare for the long term! It can take from 1 to 2 years to start making profits. Ensure you have an alternative financial plan to support you personal and business needs at least from 6 months to 1 year.

2️⃣ DETAILED PLAN📝: What sets your business apart? Identify your unique selling point (USP) and your target audience. Create a detailed business plan that aligns with your goals and outline clear steps for achieving them.

3️⃣ TIME COMMITMENT ⏳: Success in the food industry demands huge dedication. Be prepared to work long hours, at times - even from early morning till midnight, including weekends. Your start-up might require significant personal sacrifices.

BONUS TIP‼️: Work in some successful food business for at least 2-3 years, get some solid experience to ensure your success rate becomes higher. If not, talk to some good business coach or consultant.

Remember, jumping into the food business just because it seems trendy can be risky. Make a well-informed decision and plan thoroughly.

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