A chocolate fountain business is small venture with a good return. It is advisable for one to start this business from home and be self employed. This is small venture but there are examples of people making big money out of this business. New trend shows that even house wives can do this business comfortably and make money.
This article will focus on the brief of this business and guidelines about how a person should go to start this business, what you need initially and what are the opportunities in future. You can get many contracts and big orders once you are established.
How to Start and Run a Chocolate Fountain Business?
- The first step here would be the market research. You need to carry out the S.W.OT analysis of the place or city where you want to start this business. You should do analysis of social, political, legal, economical and technological factors related to this business.
- You have to assess the market as around you. What is the size of your market? What is the population? What is the standard of living there? What are the testes and preferences of your future consumers? What is their financial situation? What kind of segments you can see and experience in the market?
- This analysis will help you to determine weather to start this business in that area or not.
- Then you need to purchase a chocolate fountain from a reputed supplier. This is an investment for the business so you have to be careful while purchasing one. A Sephra chocolate fountain is reliable and very famous as well. Buffet Enhancement is also a good brand and reliable as well. The decision is up to you weather you want to buy a large unit or small. Large will be around 45 inches and that is the most required by different events. It should be aesthetically well also. Ultimately you have to please people by your fountain’s look.
- Register your business with the respective local authority and apply for the license needed to carry out this business. You should make sure that you are fulfilling all the legal liabilities completely and perfectly.
- Once you are well established legally and in terms of equipments, you have to develop contacts now. You will have to promote your business to get more invitations in of different events. You will have to promote your business different ways, you can advertise or can develop a strategic plan to promote your venture and make people feel your existence in the market.
- Once you start getting clients, you need to maintain them by providing good quality of service and product. You can take consumer feed back from your clients and make changes if needed.