It’s not “dreaming too small.” Believe it or not, there are people out there making $40,000 a year who are way happier than people I know who are making $120,000 a year. So I’d really encourage you to go through with this hot dog stand idea, because it’s what YOU want to do. It is entirely possible that your hot dog stand outlasts your classmates marketing and tech start ups. You are dreaming too small when u think about it the right way.
Obviously since you’re in uni you probably don’t have all day to run a hot dog stand but I’d encourage you to get out there with your employees from time to time just to see what it’s like. I'm not sure about hot dod stands, but there is a guy where I live who started sno cone stands.
Financial Plan From our analysis, based on the sale of our products, which include hot dogs, snacks and drinks, we have a projected yearly income of $150,000 and a yearly expenditure (which includes expenses like uniforms, insurance, business and health licenses, equipment, losses incurred through spoilage etc.) of $50,000.
Marketing and Sales Strategy We will be hiring the services of marketing experts who will oversee the smooth running of our business and ensure that we effectively market and increase the sales of our products.
If your answer is yes, then you are at the right place as this article will be focusing on the vital compositions a good plan should contain.
Here is a free business plan for starting a hot dog cart business.Who knows, you could eventually have a few hot dog stands around your city that are successful. Now he has about 15 stands and 6 brick and mortars.And then once your out of uni you could advertise what a good business it was for you when you were a student, and rent the stands out to current students. They set up at every kids sporting event and near the beaches. Also, a hotdog stand and the employment, accounting, insurance, business licensing, taxes, etc.Our Products and Services Our hot dog cart business provides the following products and services to our esteemed clients; the sale of water, and drinks which include Coke, among other drinks.Also, we will be having snacks among the list of items on our menu and of course hot dogs.This loan will be sought from a bank of reputable standing, First City Bank.Sustainability and Expansion Strategy This startup will continually improve its services and ensure that clients are treated satisfactorily.Payment Channels Hot Dog Express will be making available to our clients almost all payment options to include receipt of cheques, payment through the POS, cash and also electronic bank transfer including mobile banking channels.This is to ensure seamless service, thereby, eliminating worries about payment modes.One denominator common to people need refuelling, as such, we will always be there to make sure they don’t have to worry about their food needs.Publicity and Advert Strategy The publicity and advert strategy to be used in this hot dog cart business will include deployment of all advert tools to make sure that we realized the maximum publicity.