Have you ever considered starting your own food chain business?
If you still are contemplating on starting a food chain business, then you should think towards starting an organic food store because it is indeed a very profitable venture.
With the increase in the awareness about healthy living, loads of people are opting for organic foods as against non – organic foods because of the health benefits they stand to gain.
Although, people eat for strength and other reasons, loads of people are cool with foods that will make them stay healthy at all times and that is exactly the benefit of eating organic food.
Although, organic food is much more expensive than non – organic foods, yet people prefer to spend that much for the sake of their health. This is so because organic foods are cultivated without the use of any synthetic chemical (fertilizer, herbicides, pesticides and genetically modified organism – GMOs) – it is indeed chemical free, safer and healthier.
The truth is that if you start an organic foods store, you are likely going to make more money than those who are into the sale of non organic foods. It is simple; Organic foods taste better, and it contains more nutrients when compared to the conventional foods. Before any food is considered to be organic’ it must be certified by an expert.
For example; any fish that is considered to be organic are fish that are farmed in a controlled environment, not the ones in an open sea or rivers. Likewise, any meat that is considered organic are meat from animals that are only reared and fed with only organic crops, same applies to organic milk.
Now let us quickly go through the 7 steps to follow to successfully start an organic food store and build the business to profitability within record time;
Starting an Organic Food Store – Sample Business Plan1. Write Your Business Plan
If you intend starting your organic food store business on the right footings, then it benefits you to draft your own business plan. The good thing about a good business plan is that it gives you a clearer picture of, the capital required to run your business, how to run the business and an idea of the profits you are likely going to make per – time. Starting a business without a good business plan in place is like building a house with a building plan.
2. Generate Your Capital
It is important to state that starting an organic food store requires a huge start – up capital, especially in leasing a facility and also stocking up your store with organic food stuffs. So, it pays you to generate all the cash that you require so that you won’t get stuck along the way. There are several ways you can raise start – up capital for your business; you can talk to investors, you can apply for loan from your bank, you can raise capital from your family and friends, and your can also generate money from your savings, and the sale of your stocks.
3. Register Your Business and Obtain the Required License
If you have your business plan and your start – up capital in place, then you shouldn’t waste time in registering your business with the corporate affairs commission of your country. You may also need to talk the local authority in your area to know if you would need any form of permit to open an organic food store.
In some States in the US, you would need a license while in other states; you don’t require any license or permit to sell organic foods. The reason why you might have to require a license to deal in organic foods is for it to be easier for the government to regulate and ensure that you are truly selling organic foods.
4. Get a Decent Facility in a Good Location
It is important to get a very decent facility that is well located in a commercial area where people can easily access. When shopping for a facility to start your organic foods store, ensure that you only pay for a facility that can be used for that purpose. That is why it is important to confirm with the local council to be sure that the facility you want to pay for can be used to run an organic food store.
5. Establish Business Working Relationship with Organic Food Farmers (Suppliers)
Another important aspect of this business that you must tidy up before even renting a facility is to ensure that you have established a business working relationship with organic food farmers (suppliers). What is the use of telling people that you run an organic food store without having stocks in your store?
It is challenging producing organic farm produce and that is why the price of such food stuff is usually higher than conventional food and you need to search out for where to get supply of organic foods.
6. Hire Workers-: You are not expected to run this kind of business alone, you would at least need one or two hands to help you run the business. You would need two store attendants (sales girl / boy). So when drawing up a budget, just ensure that you include the salaries of at least 2 or 3 people for the start.
7. Create Awareness and Promote Your Business
You just have to let people in your area know the benefits of eating organic foods or else you wouldn’t have enough people patronizing you. You can run paid advert on TV, Radio and even the Newspaper.
You can also leverage on the internet to create awareness of the benefits of organic food and you can as well participate in any relevant food exhibition, and trade fair to promote your organic food business. There are many other unique ways you can use to promote your organic food business, just make sure that you leverage on them when you come across one.
There you have it; the 7 sure fire tips that can help start your own organic food store from the scratch and build it to profitability within record time.