Explore the world of food entrepreneurship with a recipe for success. Whether you’re a seasoned chef or simply passionate about food, there are many opportunities to turn your passion into a profitable business. From food trucks to catering companies to restaurants, the possibilities are endless.
Join us, and instructor Nicholas Petti, as we examine the ingredients for success and share tips for making your food business thrive.
Each participant to finish the series will receive a $150 stipend
Module III – Menu of Financial Confidence
It’s crucial to accurately assess recipe costs, calculate prep and food costs, set prices, and manage finances effectively. These tasks lay the foundation for the profitability and longevity of business operations, ultimately fostering financial confidence and increasing success rates. This module covers:
- Budgeting
- Maintaining clear and organized financial records
- Accounting principles
- Quarterly/yearly tax reporting
- Managing cash flow
- Strategic pricing strategies in the food business.
