He has worked as an accountant and consultant for more than 25 years and has built financial models for all types of industries.
He has been the CFO or controller of both small and medium sized companies and has run small businesses of his own.
But make sure you carry out a thorough research in the area of your location because it is your location that determines the level of sales that you will make.3.
Register your business In other to ensure an easy and undisturbed running of your food cart business, you have to register the business with certain government bodies like Corporate Affairs commission, bureau of internal revenue, food regulatory authorities, etc.
This will include additional cash needed to fund the new operation in the first few months until it starts to produce revenue.
The next step is to enter details of how these costs are going to be funded on the right hand side.
You may need to advertise yourself both online and otherwise.
By so doing, you get to connect your business to vast corners of the world.
The research should include your start up cost, projected expenses, revenue projection, marketing strategies, human resources and a list of the challenges the business will have to overcome to achieve success.
Here’s a Areas of high traffic such as schools, malls, large commercial areas, busy intersections, terminals, supermarkets, etc are good locations to operate your food cart business.