4 Mistakes To AVOID When Starting A Food Business | Food Business Success
Published 2021-09-14
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[Playlist] Foodiepreneur’s Finest Program - swiy.co/start-FPF-program
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[Playlist] Profitable Restaurant Owner’s Academy - swiy.co/Start-PRO-Academy
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👀 ABOUT THIS VIDEO
Are you thinking of starting a food business? Well here are 4 critical mistakes to AVOID when starting a food business if you want any success. These are business mistakes that I've made and have seen so many other food business owners make when they first start a cloud kitchen or start a home bakery or start an online food business.
So if you want to open a food business, open a cloud kitchen, open a home bakery, open a food truck business, or am an aspiring food entrepreneur, keep on watching!
Chapters:
0:00 - 0:42 Intro
0:43 - 1:10 Why you need to avoid these food business mistakes
1:11 - 2:42 Mistake #1: Not being right fit to start a food business
2:43 - 5:29 3 Questions to ask yourself to see if you're fit
5:30 - 6:38 How to properly run a food business
6:39 - 9:10 Mistake #2: Not knowing your target demographic
9:11 - 9:44 How to craft your target demographic
9:45 - 10:59 Mistake #3: Not knowing your numbers
11:00 - 11:10 3 key numbers to know
11:11 - 12:46 1. Average Order Value (AOV)
12:47 - 16:00 2. Cost of goods sold (COGS)
16:01 - 18:27 3. Burn rate
18:28 - 19:16 Master the core food business numbers
19:17 - 20:59 Mistake #4: Not having a growth mindset
21:00 - 22:25 How to get ahead and build a food business
4 Mistakes To AVOID When Starting A Food Business | Food Business Success
• 4 Mistakes To AVOID When Starting A F...
• 4 Mistakes To AVOID When Starting A F...
#wilsonklee #startafoodbusiness #foodbusinessmistakes
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📚 RESOURCES
🛠 Community & Tools
[EQUIPMENT] Tools & software I recommend using -
learnnow.wilsonklee.com/toolsYT
[MARKETING] Learn marketing tricks that McDonalds & Starbucks use - gumroad.com/a/691410035?utm_content=wilsonklee
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👤 ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.
My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them.
I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.
Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results.
Find more great resources, check out www.wilsonklee.com/
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📩 CONNECT WITH WILSON:
Instagram: www.instagram.com/wilsonklee/
Facebook: www.facebook.com/WilsonKingLee/
Collabs/Sponsorship: [email protected]
Send items to: 18th Floor 450 SW Marine Drive, Vancouver BC V5X0C3
All Comments (21)
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💎 [FREE COURSE] Learn how to start an online food business - swiy.co/start-FPF-program 🚀 [FREE COURSE] Learn how to start a restaurant/brick&mortar business - swiy.co/Start-PRO-Academy
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As a food business owner, this guy is speaking super valuable facts!!
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Jack of all trades, master of none. Though, often better than a master of one.
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Thank you for paying it forward, I love your genuine and empathetic approach to helping others build their businesses
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Over reliance on e commerce platforms aswell. Hands on consumers are a must
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Thank you so much for sharing this! Lots of great information.
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I appreciate your time and effort with this video! Very helpful 😊
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Love these videos Easy to understand and very helpful..
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Hi Wilson 👋 Thanks for this very informative tips ,will be running a business soon ,U are so true and genuine✌️
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Hospitality...I like it 🌎
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Thank you for all your food business info.
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Thank you very much for this Video. I am going into Breakfast Business and I’m glad to learn from you ❤❤❤❤
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I really love your content. Especially all about coffee business. Thank you so much. I am currently working here in Manhattan NY and planning to go back to my country soon and start a business. Food business. Thank you so much for your videos. I learned so much. Please keep making contents that help people planning to have business. Because of your videos I think I am now ready. All I need is to start and learn more along the way....❤🎉
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Facts, thank you!
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Thank you so much 🙏
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Thank you Wilson
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thank you so much for being inspiration
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Appreciate the content
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I'm learning so much from you, Wilson. Thank so much! I have signed up for the free masterclass and I'm so excited about my future as a food business owner!
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I scream my best YES for those 3 questions lol. wish I'll finish my degree asap so I can start running my caffe shop. I'm so blessed with your sharing. THANKYOUUU. I still have to learn much from you sir.👮♀️
