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This is an example of a completed turn-around business plan for an already operating non-food catering business.
With shopping, prep, marketing, event booking, cleaning, truck maintenance, accounting and tax obligations, etc., running such a business is more than a full-time job.
Competition and market: Carefully research your market to increase the chance of success, since you will most certainly have competition with other food trucks.
Mobility: Being able to bring your business to different locations based on demand during different periods of the day, days of the week, etc., is a huge advantage, said Angulo.
Time: Long hours are the norm with a food truck business.
It is important to research the different areas you are considering for your food truck business location, and consider the necessary permits and regulations there.
Here are a few main things to look out for: Jennifer Post graduated from Rowan University in 2012 with a Bachelor's Degree in Journalism.
Ordinances and zoning: Every area is different in terms of where you can park your food truck and how long you can park there.
Make sure you know the rules in each location where you plan on operating to prevent tickets and fines.
Freedom: Choosing menu items, the vendors you want to purchase from, your employees and the events at which you want to vend are just some of the freedoms you will enjoy as a food truck business owner.
You'll also have full control of your social media, marketing and schedule.