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4 Mistakes To AVOID When Starting A Food Business | Food Business Success

⚠️ Subscribe to Wilson's channel - https://swiy.io/WKLYT _________________________ 🚀 FREE COURSE ON HOW TO START A FOOD BUSINESS [Playlist] Foodiepreneur’s Finest Program - https://swiy.co/start-FPF-program 🚀 FREE COURSE ON HOW TO START A RESTAURANT BUSINESS [Playlist] Profitable Restaurant Owner’s Academy - https://swiy.co/Start-PRO-Academy _________________________ 👀 ABOUT THIS VIDEO Are you thinking of starting a food business? Well here are 4 critical mistakes to AVOID when starting a food business if you want any success. These are business mistakes that I've made and have seen so many other food business owners make when they first start a cloud kitchen or start a home bakery or start an online food business. So if you want to open a food business, open a cloud kitchen, open a home bakery, open a food truck business, or am an aspiring food entrepreneur, keep on watching! Chapters: 0:00 - 0:42 Intro 0:43 - 1:10 Why you need to avoid these food business mistakes 1:11 - 2:42 Mistake #1: Not being right fit to start a food business 2:43 - 5:29 3 Questions to ask yourself to see if you're fit 5:30 - 6:38 How to properly run a food business 6:39 - 9:10 Mistake #2: Not knowing your target demographic 9:11 - 9:44 How to craft your target demographic 9:45 - 10:59 Mistake #3: Not knowing your numbers 11:00 - 11:10 3 key numbers to know 11:11 - 12:46 1. Average Order Value (AOV) 12:47 - 16:00 2. Cost of goods sold (COGS) 16:01 - 18:27 3. Burn rate 18:28 - 19:16 Master the core food business numbers 19:17 - 20:59 Mistake #4: Not having a growth mindset 21:00 - 22:25 How to get ahead and build a food business 4 Mistakes To AVOID When Starting A Food Business | Food Business Success    • 4 Mistakes To AVOID When Starting A F...      • 4 Mistakes To AVOID When Starting A F...   #wilsonklee #startafoodbusiness #foodbusinessmistakes _________________________ 📚 RESOURCES 🛠 Community & Tools [EQUIPMENT] Tools & software I recommend using - https://learnnow.wilsonklee.com/toolsYT [MARKETING] Learn marketing tricks that McDonalds & Starbucks use - https://gumroad.com/a/691410035?utm_c... _________________________ 👤 ABOUT WILSON: I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success. My videos are based on years spent in the industry building multi-million dollar businesses, including my own international dessert chain (https://720sweets.com/) with locations spanning the globe. Since my franchise was acquired (2020) it’s been my mission to share this knowledge with people like you who have great ideas, but just can’t seem to break through. If I did it all with no experience, so can you. I know firsthand the struggles and mistakes most entrepreneurs make, and want to show you exactly how to avoid them. I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member. Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results. Find more great resources, check out https://www.wilsonklee.com/ _________________________ 📩 CONNECT WITH WILSON: Instagram:   / wilsonklee   Facebook:   / wilsonkinglee   Collabs/Sponsorship: [email protected] Send items to: 18th Floor 450 SW Marine Drive, Vancouver BC V5X0C3 Canada