You Need To Be Business Savvy If You Plan On Succeeding As A Food Truck Owner

Business Savvy

Editor’s Note: Today we’re excited to present a post from Jeremy Adams. Jeremy 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.

We love the fact that you are thinking about joining the food truck industry because cooking food is your passion, and we don’t want to stop you from making that dream come true, but we will say this: If you want to be a mobile kitchen owner, then you need to be business savvy.

We know what you’re thinking, aspiring food truck owner: I know I need to be business savvy, but I’ll learn while I travel down the path of my journey.

That does hold a lot of truth to it, because you are probably going to learn something new every day, but you have to prepare yourself from a business standpoint if you want to see some success in this industry.

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Do you know how to run a business? Do you know how to manage employees? Do you know how to talk to vendors? Customers?

These are just basics when it comes to running your food truck business. Of course, the business aspect of things is going to come into play on Day 1 — you know, when you have to sit down and write your business plan, and this business plan is going to map out your entire process, and do you wonders.

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Do you know anything about permits, regulations, rules, laws, etc.? These types of things are crucial in the food truck industry.

While we don’t want to discourage you (in fact, that’s the last thing we want), we do want you to be prepared by the time you join this wonderful industry.

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Business Savvy

Read books and articles. Travel to conferences and food truck events. Ask fellow food truck owners, business owners and restaurant owners questions. Do your research now, because when you do become a food truck owner, not only is this research going to help you out in a big way … but you are going to be very busy, and you will wish you had done the research when you had more free time.

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You have to be business savvy if you want to be a food truck owner. There really isn’t any way around that. Many owners fail because they aren’t business savvy enough, and that’s the last thing we want to happen to you.

Do your homework now, FoodTruckrs!

If you liked this article, then we encourage you to share your feedback, advice, questions and/or stories below!

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About the Author

FoodTruckr is the #1 online destination for current and aspiring food truck owners looking to succeed in the mobile food industry. Self described “food truck devotees,” the FoodTruckr team enjoys reading about successful entrepreneurs, salivating over photos of burritos on Twitter, and long walks through food truck parks. Chat with FoodTruckr on Facebook or check out the FoodTruckr School podcast for more awesome tips to level up your business.

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