Many food trucks need a team of 3 – 5 employees to operate successfully during a lunch rush.
For some vendors this section will become a bit more complicated if you’ve got investors or other partners that are helping to operate the business.
In the future I will create a table of contents page that allows you to jump the different topics of content, but for right now this is it.
Before Salvago began taking the steps needed to launch a food truck, he wrote a business plan for a competition at his university and as a result was able to secure $5,000 in funding.
In this area you’ll also want to identify the type of customer that will frequent your establishment.
Any data about local trends that you can find will be useful to include as well like from IBIS World that forecasts growth in the United States food truck industry for the next 5 years.I’ve also linked out to some other resources that can help you write your own business plan.– The Small Business Administration (SBA) does an excellent job outlining the steps needed to create a business plan.The hope is that as we follow Salvagno over the course of the next 6 – 12 months so that you can follow along as he launches his own truck. I also want to point out to the listeners that this case study is going to be a little bit different than my traditional shows.I want it to have the kind of vibe that you’re just speaking with a buddy and asking a few friendly questions about the food truck business.Executive Summary: This is an overview of the information that is contained in the business plan and should introduce the name of your food truck and what it is you plan to serve at a high level. Food Truck Concept and Description: This is the fun part.Here you will describe what you hope the food truck will become, the food you plan to serve, and why you believe it will be a successful business.Make sure to include information on why your food is both desirable and unique to customers in the area.Also, if you have some type of theme, like an islander theme for example, be sure include that into the description.There just happens to be a microphone in that room and we’re publishing it online so you all can listen in.In this, the first chapter in the story we talk about Salvagno’s background (Hint: It doesn’t have anything to do with the food industry.) and go into detail about how he researched and developed his business plan.