Concession Business a Good Way to Supplement Income

If you're thinking about starting a business in order to supplement your income or to eventually pursue full-time, do your due diligence first. Take a look at the different types of businesses that may be on the upswing and all that goes into running your own enterprise. The slow economy doesn’t make things easy these days, but that doesn’t mean that you can’t be successful if you happen upon the right opportunity.

The concession trailer business is something to consider. In the midst of the economic slowdown, people still need to eat and will always snack at events and gatherings. If you purchase a cart and familiarize yourself with the rules and regulations surrounding the operation of a food cart, the possibility exists that you can do pretty well in this business.

Some things to consider when starting a food concession business are what you are going to need for overhead, what type of food products you are going to sell and the number of personnel you will need to employ, not to mention viable locations for your cart or trailer.


Supplies

When you’ve decided on which concession trailer you are going to purchase you will know how much equipment you can fit inside of it. A hot dog cooker and popcorn makers are standard, and you can add other items later such as nacho warmers and possibly a fryer.


Events

There are endless possibilities; however, certifications are necessary in most areas in order to operate food carts, so be aware of this as you seek out venues. Public sporting events, carnivals and festivals are good places to start. City street corners can be lucrative, but are not always easy to get permits for.

There are never any guarantees, but as you gain experience, land some good venues and start to make contacts, you could make a good living and only have to answer to one boss ... you.

Optimize Your E-mail Marketing for Social Media Results

Marketers plan to increase spending on e-mail and social media marketing more than any other tactics in 2011, according to a recent survey.

As marketers find opportunities to build audiences, conversation and conversions with clever cross-promotion between the two mediums, e-mail and social media tactics are becoming increasingly popular and intertwined.

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The Mistake That Can Kill Your Business

Too many times, as entrepreneurs, we get consumed with trying to do it all. We cram in one more email, one more blog post, one more sneak peek at Facebook or Twitter. We stay up late into the night tweaking one more ad, putting one more image on our website, or adding one more item to our to-do list. Sound familiar?

And pretty quickly, we go into overwhelm mode, where we’re busy putting out fires instead of believing in ourselves. We begin to crumble under the weight of our growing business, and we lose ourselves in escapism. We focus on only what has to be done today instead of looking forward to tomorrow, and we’re just relieved when our inbox finally gets to zero.

But is that what really matters most? Our inbox getting to zero? All those piddly things getting done?

No.

What matters most is to keep moving forward with our business. To block out the tidal wave of new emails, new Tweets, and “one more thing” and to remember, instead, to create every day. To bring something new into the world.

Keep These In Mind When Launching a Startup Business

These points may come across as basic, but these are the small points you should keep in mind when launching a startup business:

1. Start by thinking small and extend your thinking from there. Small and simple thinking will allow you to concentrate on what is important
   


2. Financial reward is good, but aspiring entrepreneurs should first look out for opportunities where they can learn. Allow employees to take on projects even if they don’t have the qualifications.
   


3. Don’t manage profit, but cash flow. Money in and money out should be the only two financial yardsticks that matter.
   


4. Perfection is the enemy of success (in case of startups). Speed is better than perfection.
   


5. Sell, sell and sell. Selling to everyone including business world, employees and suppliers. Sell yourself, sell your product, have a sales professional in your team.
   


6. Start NOW. Don’t wait.

Concession Classics Are Still Profit Packed

It’s easy to look at this photo from the late 1960s/early 70s and only notice how different times are now. Beside the obvious style changes, there aren’t TVs, computers, cell phones, or other distractions in the photos. Just two people hoping to make a lot of money with popcorn, cotton candy (Circus Candy), hot dogs, and sodas.

But the more things change, the more they stay the same. The foods that were big money-makers then are still profit packed today. You can have all the modern bells and whistles, but make sure you have the basics covered: popcorn, cotton candy, and Sno-Kones®.

The other big changes over the years have been the popularity of “new” foods like nachos, the number of pre-packaged items (cotton candy, nachos, or caramel corn) and increased flavor options. Basically, customers want good food fast, and want to more control over what they eat.

You can keep up with the demand without breaking the bank. Start small because too many options can lead to more confusion and slower wait time. And look around at what’s popular in your area.

Just like the people in this photo, your goal should be to appeal to customers with proven money makers and good customer service. Because when people 40 or 50 years from now look back at what we do today, they’ll be thinking how far they’ve come since “way back when” and marvel that we enjoyed some of the foods that are still timeless classics.