Reasons Why Entrepreneurs Should Break Into The Food Truck Industry

If you are an entrepreneur, you aren’t afraid to take risks, and you are also always looking for that next big project to make even more money. Entrepreneurs and business owners, that big break could be the food truck industry.

The food truck industry has entrepreneur written all over it. A food truck is literally a startup/small business, there aren’t many employees, you are taking on the financial risks and you are the boss of everything as well — well, if you are the actual owner, that is.

FT In Blog Opt In

There are plenty of reasons why entrepreneurs should break into the food truck industry, and we will provide you with four of those reasons.

Reasons Why Entrepreneurs Should Break Into The Food Truck Industry

  • What You Learn Is Invaluable
  • Low Costs, Which Means Less Risk
  • The Flexibility
  • It’s A Great Industry To Join

What You Learn Is InvaluableEntrepreneurs

As an entrepreneur, you should already know what it takes to run a business and be successful. However, if you are a first-time entrepreneur and a food truck business is your first project, then you are going to learn a lot, and this new knowledge that you gain will become invaluable during your journey.

You will not only become an expert at cooking food and making menus, but you will also learn how to do digital marketing, how to run social media, how to create business plans, how to be the boss of many employees, how to do inventory and the list of things you will learn on the job is endless.

You May Also Like...  The How To Start A Food Truck Guide Is A Serious Game-Changer For Future Food Truck Owners

You will become more business savvy, have a way better sense of how to market and advertise and you will also learn how to run a business.

Low Costs, Which Means Less Risk

Sure, entrepreneurs typically take on more risks from a financial standpoint, but the risk also has to be worth it. When it comes to starting up a food truck business, entrepreneurs are looking at lower costs and less risks — well, at least when you are comparing a mobile kitchen to a sit-down restaurant.

The initial cost of a food truck is less, the overhead costs are less, and that alone should intrigue business owners.

While the risk of opening up shop at a mobile catering truck might be less, entrepreneurs can still make a ton of cash in this industry.

Not to mention, you are only going to have a handful of employees working for you, so that means more money for you. That also means you only have to keep an eye on a handful of employees, making your job as manager a little bit easier.

The Flexibility

No, you aren’t going to be flexible in the sense that you can work whenever you want and take many vacations, but you will be flexible in the sense that you can literally do anything with your mobile food truck. Side note: You can work whenever you want in this industry, but operating a food truck is going to take up a good amount of your time. You will work 10 or more hours per day — you can count on that.

How flexibility comes into play: You can make the food truck concept anything you want, you can change locations (although that does come with some baggage), you can change items on the food menu whenever you want (or change the menu up altogether) and you can come up with different marketing strategies, whether that be digital marketing or in the more traditional sense.

You May Also Like...  How Food Truck Owners Can Prepare Their Business For The Fall

Of course, consistency is key, but you are the boss, so you run the show in every sense of the word.

RELATED: The Benefits Of Owning A Food Truck Over A Sit-Down Restaurant From A Business Standpoint. Before opening up a restaurant, you might want to join the food truck industry first.

It’s A Great Industry To JoinEntrepreneurs

Why not the food truck industry? It might not be the quickest way to double your money, but it is still thriving. And since you are an entrepreneur, which means you probably bring plenty of business experience with you, you will be prepared to take your food truck to the top.

Breaking into the food truck industry can also lead to bigger and better things. For instance, you could end up franchising your trucks one day, or you could end up owning your own sit-down restaurant.

Calling all culinary entrepreneurs: If you are passionate about cooking food, making people happy and also want to be your own boss, then this is the industry for you.

To dig your teeth into what FoodTruckr has to offer, make sure to like us on Facebook and follow us on Twitter, and also make sure to check out more content that we bring to the table.

Recently on FoodTruckr

FoodTruckr Heroes: Our Five Favorite Dessert Trucks There are some holidays we wish we could celebrate year-round—holidays that truly deserve more than a single day of honor and acclaim. Today is one of those events, and we’ve got a special FoodTruckr ...
FoodTruckr’s Annual Food Truck Industry Survey At FoodTruckr, our passion and purpose is to support your food truck business—whether you’re just getting started or you’ve been in operation for a decade. We do that by providing you with insights an...
FoodTruckr Heroes: Dark Side of the Moo Today’s FoodTruckr Hero is anything but ordinary, and we couldn’t be more excited to share their story with you. Dark Side of the Moo out of Hoboken, NJ, has a mission to put their own unique spin ...
Business Bites: Twitter Tips, Heartbleed, a Must-Read Book, and an Audacious New Coffee Cart We've had a lot of fun exploring food trucks from the fan's perspective, but it's time that I play with this column's menu a bit. We've heard from you loudly and clearly—it's the business advice that ...
FS035: Catering for a Crowd – with Josh of The Pizza Wagon What does it take to cater to hundreds of hungry pizza lovers at one time? No one knows better than  Joshua Goldstein, head chef and owner of The Pizza Wagon. Josh's trailer serves up delicious piz...
FoodTruckr Heroes: King of Pops Our latest FoodTruckr Hero just celebrated their fourth birthday.  During those four years, they’ve won over the hearts of nearly 20,000 Twitter followers and more than 25,000 Facebook fans with a con...
FS033: Courageous Food Trucking with Carol of Military Moms You just might recognize this episode's special guest. That's because Carol Rosenberg competed on Food Network's The Great Food Truck Race with the unforgettable Military Moms. After being a stay-a...
Where Does Your Food Truck Insurance Dollar Go? It probably seems like you pay a lot of money for your food truck insurance. You might be wondering where your hard-earned dollars are going when you pay your insurance every month or year... Our i...
How to Run a Food Truck 12: Overcome Roadblocks Last week on “How to Run a Food Truck,” we brought you a few key strategies to follow if you’re having trouble bringing enough customers to your ordering window. Dealing with slow periods is just one ...
FS020- Food Truck Face Off – Vasavi Kumar The Great Food Truck Race on Food Network is in the middle of it's fifth successful season. That tells you something about this industry - it's growing, and it's becoming more mainstream. It's ...
3 Food Trends That Foodies Have Been Going Crazy Over In 2016 Just like so many other things on the Internet, food also trends. It trends down, up -- you name it. In 2016, there have been plenty of foods that have swept the nation, and plenty of others that have...
3 Essential Checks To Make Before Launching Your Food Truck Business Editor’s Note: Today we’re excited to present a guest post from Hannah. Hannah is the HUB's specialist on social issues and HR. She writes to help readers work in ways that are safer, quicker, and mor...
FS018- How to Start a Food Truck Book (Foreword and Introduction) Over the last few months, the team here at FoodTruckr.com has been working overtime getting things ready for something very special: the launch of our brand new book, How to Start a Food Truck: Th...
Take Your Food Truck Business To The Next Level With This Growth Kit Are you looking to take your food truck business to the next level and increase your sales? Look no further than our Food Truck Business Growth Kit to make that happen! If you are all about growing yo...
How to Start a Food Truck 09: Write a Business Plan In the first two units of “How to Start a Food Truck,” we worked on making some basic decisions about your food truck concept and researching the local laws and requirements for trucks in your area. W...

About the Author

Jeremy

Jeremy Adams is the President/CEO of Prestige Food Trucks, which is the world's leading custom food truck manufacturer. In his current role as President/CEO, Jeremy manages dozens of employees, interacts with clients, and maintains a healthy relationship with all of his business partners. Since Prestige, Jeremy has launched many other successful companies.

Love it? Share it: Share on Facebook Share on Twitter