However, it’s important to have a thorough, thought out plan. This is vital not only to the process of securing a business loan, but also so you know exactly what equipment you will need, the costs, and so you can have a planned marketing strategy.
Maybe you decided to start your own juicing business after you experienced how great you feel after drinking fresh juices.
Or perhaps you couldn’t spend another day working from 9-5 in a place that doesn’t inspire you anymore.
So basically, it’s a road map showing your forecast for how the business will develop from where you are now, to where you want to go in the future.
If the idea of a business plan gives you the chills, then you are definitely not alone.
So now it’s time to put your ideas onto paper and create your own recipe for success.
A business plan shows how you want your business to look, spend and function over a set amount of years.Many early stage or first time entrepreneurs are daunted by the thought of having to write a business plan.Most consider this stage only necessary if they would like to apply for a business loan. Because your juice business plan doesn’t have to be written out as an entire book, it has to act as a translation of your vision.After all, you’re probably always thinking about your own juicing business and the strategies you’re going to use, right?So putting those ideas down on paper shouldn’t be too hard—it can even be a lot of fun!What will your juicing business do to achieve your objectives? You have probably taken notes and are halfway to creating your own juicing business plan, right? What if there is a way to validate your juicing business faster instead of creating a detailed and time consuming business plan?There was a time when a business plan could be anything from 80 to 100 pages, but today, even 10 to 15 pages can be considered too long.In addition to food cost, you need to manage your labor costs, packaging costs, and overhead to be in line with your sales.Want to play around with some numbers and calculate your profit? I expect some of the regions with the more relaxed laws will begin to shift towards stricter regulations in the near future as raw juice becomes more popular. There are 4 basic business models in a juice business: Delivery only, brick and mortar, wholesale, and combination. Decide which type of business you want to run, and get together the funding you need.The easiest and best way to learn about health regulations is to contact your local health department. Despite which business model you choose, it’s important to choose so you know where to spend your energy.