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Reading contracts carefully: Loan agreements, shareholder agreements, distribution agreements and supplier agreements…the list seems to go on forever. Remember that as a business, the onus is on you to read the terms carefully. If there’s something you’re unsure of, query it. If you’re not happy with the answer, don’t sign it and get a second opinion from a legally qualified expert in the field. Making all the right information available: Before you can start trading, you need to get yourself familiar with the Food Standards Authority, Trading Standards and the Advertising Standards Authority. These bodies regulate what information you need to make available to the public, and to them. Whilst going through checklists and documents is tedious, this step is important in ensuring you’re on the right side of the authorities and that the health and safety aspects of your business are in order.
A successful brand has a clear purpose and provides value throughout the consumer journey. We help companies build a brand with its own unique purpose and bring the brand to life with innovative ideas and creative marketing strategies. We also develop strategies to differentiate brands through superior positioning. As companies launch several brands to address market needs, we help our clients define the role of each brand within a portfolio and consolidate brands to reduce marketing and other costs. Discover more information at https://www.nilojitguhadvisory.com/.
Anshul Gupta and Amit Raj (IIT graduates) founded the Mumbai-based startup named- Box eight in 2012 as a small outlet in a corporate cafeteria. They prepare and deliver hot desi meals in wholesome boxes under 40 minutes at pocket-friendly prices. It offers desi-mixed food varieties like all-in-one meals, desi openers, biriyani, desserts, steak meals, salads, sandwiches, curries, paratha wraps, and more. They too offer meals late in the night till 1 am. Box 8 provides an online platform to browse through menus and place orders for delivery. It serves almost 22,000 meals across 100+ outlets in Mumbai, Pune, Bangalore, and Gurgaon.
If you are thinking to get into the food-based startups in India, you must consider a few things that help to analyze the time and effort it takes, the capital and market costs. There so many options for you to get into the food business world without having to set up a full-scale restaurant. Here’s a list of ten Food-based business ideas that you must look at to pick the best one for your startup and also includes low investment ideas to full-scale restaurants. The food industry is vast, with a tremendous amount of profit to go– if you have the correct startup model and concept using food processing technology.