Hot Low cost Startup Idea 2016

Catering

What is it? Providing and delivering food and drinks to the customer’s premises in return for a fee. This will usually be for corporate clients that need food for board meetings, events, training courses conferences etc. Private sector clients might include special occasion catering such as weddings, funerals, anniversaries and so on

What’s the appeal? It’s a chance to work more flexibly and independently than you would be able to in a restaurant or café and obviously to be the boss

What skills do I need? As well as being interested in catering you really need a background in food so you have a feel for the basics such as supply and costing. And high food safety standards are a must – you and all staff need at least basic food hygiene and food handlers awareness certificates

What does it cost? It’s possible to trade from home if your kitchen has been modified but you will need catering equipment including large fridge/freezer (£1000), commercial microwave (£900), vegetable preparation units (£1000) as well as trays, utensils, knives etc. To transport food you need to keep it less than 8°C which means you should be able to manage with insulated food containers for short journeys

What can I earn? Clients are charged by the head according to the type of food they require. A cold buffet might be anything from £6 to £10 a head rising to up to £20 for a more substantial fork buffet. Full meals might be £30 and upwards – depending on what’s involved

Any red tape? You must register with the local authority before starting to trade and be inspected by Environmental Health (for non-porous services and separate areas for hot/cold and raw/cooked food). With premises not previously used for catering, you need planning permission and must comply with numerous food safety regulations

Prospects for growth To grow the business you will need to go out and sell it. This means
advertising, good word of mouth and cold calling – there are a lot of small firms which will be competition to you

Tips for success If you lose a client that could simply be that they want to try someone new – this can happen. But make sure you know why and alter the menu regularly to guard against it

Pros A truly independent business, which can grow and grow with the assistance of favourable word of mouth recommendation

Cons Stringent rules and regulations must be observed at all times – you could be spot checked by environmental health at any time and potentially immediately closed down
Useful contacts Your Local Authority to register the business The Mobile and Outside Caterers

Association (MOCA) for advise and training courses http://www.moca.org.uk/
Ready to get started? Find out everything you need to know about how to start your own business here.

How to Create Business Model Canvas?

A 2 minute overview of the Business Model Canvas, a tool for visionaries, game changers, and challengers. This method from the bestselling management book Business Model Generation is applied in leading organizations and start-ups worldwide.

How to Set Up a Mobile and Virtual Office

Imagine the day when printers, desks, staplers, whiteboards, and even office walls don't exist. Wouldn't that be great?



Well we're almost there thankfully. Today, a laptop, or smartphone and an Internet connection are all we need.

Everything else can be done online. That's what I'm working on with my quest for virtual freedom.

I write extensively about this in The Suitcase Entrepreneur book, especially in Chapter 7 where I did my research to bring you the most valuable resources and online tools to run your business from anywhere.





When you set up a physical office, you probably ask yourself questions likes:

Do we need to get a landline?
How many phones should we install?
How much does new office furniture cost?
Do we need filing cabinets?

You can see your costs adding up before your eyes and it's scary, especially if you're not turning a profit yet.

As a virtual business owner with no office though, you save big time on your set up costs, especially when you use online tools that act as faxes and your local post office.

All your activities, meetings and projects can be virtual and you can set up systems to manage your business and team that can be accessed anywhere and anytime, transcending time zones and international borders.

So what tools do you really need? Well, you can look at a physical office and translate it into a virtual office pretty easily. Keep in mind too that with tools and a mobile office, less is always more.

In this video, you'll learn:

Which two services to use to make your business appear to have a landline phone connection
How to combat the issue of needing a mailing address and receiving/sending out physical mail
Which suite of tools to always use for ease and optimal integration with other tools
How to keep your receipts, documents, and business cards organized online
What tool is best to manage your entire accounting system
The easiest and fastest way to manage contracts with clients and partners

Tools mentioned:

Skype Personal Number
Google Voice
Google Everything — Gmail, Google Drive, Google Calendar, Google Apps -- emails, online shared documents, drafts, forms, and scheduling
Shoeboxed
Freshbooks
Hello Fax
OurDeal
PC2Paper
Earth Class Mail
Also, check out this article for more tips:


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How to make one million dollars?

Forget the myths­­—and other misinformation—about what it takes to succeed in the quest for a seven-figure net worth. Let this guide help keep you on the road to real wealth.

Look around. The stock market is back to setting all-time highs. The housing market is percolating again, at least in most parts of the country. The economy is picking up, while unemployment is falling. That means raises and outside job offers can’t be too far behind. And small-­business owners are about as confident as they’ve been in six years, with plans to hire and expand.

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As hard as it is to accumulate $1 million by the time you retire, there are plenty of steps you can take—by saving, investing, owning real estate, managing your career, or starting a business—to help you get there. Some of those moves, which are laid out on the pages that follow, simply require time, while others require planning. The biggest myth, however, is that the work is too hard and the sacrifices too big to make it worth reaching for your goals.