Business & Finance Small Business

Why Some Small Businesses in the Food Industry Last Generations and Others Do Not

Owning your own business and being your own boss is the American dream.
When you ask many people, particularly ones from other countries what the American dream is they say to own your own home, have your own business and enjoy freedom to do those things.
Some small businesses have thrived over generations successfully as others do not do as well after just a few months.
What are the successful ones doing that the others that fail are not? Because many people have lost their jobs due to the downturn in the economy, many people are contemplating opening their own business but are unsure this is the right time to do it or not.
This article will touch on everything to consider to be successful as a small business owner like picking the best location for your place, to getting the best equipment for your store like using digital scales and high quality price computing scales for your new deli.
A great example of a successful small business that has not only lasted over the years but continues to grow and thrive is Carlo's Bakery in Hoboken, NJ.
It opened in 1910 as a traditional Italian bakery and is now being operated by the fourth generation of this family.
Each generation has taught the younger generation the skills to be a master baker and cake decorator.
Their location has stood the test of time which is fortunate.
Location is a big part of how to be a success with your business, especially in the food industry.
If your location is not appealing to the demographic you are trying to appeal to, it will not succeed.
Carlo's bakery is in the heart of an area of New Jersey that has a large Italian population so they continue to go there to get what Italian desserts they grew up with.
The current owner, Buddy has maintained the old traditions but has also kept it current by marketing his business through his website and even now has a television series on the Food Network.
Maintaining your original business model while also keeping it current is a key to be successful as a small business owner as well.
A good idea before opening up your small food business would be to find the best location that is available and then walk that neighborhood and talk to the people that live there.
Would they be interested in a new deli, for example or see what type of business or restaurant would they like to see in that particular location.
This can give you an excellent idea of what is needed in the area and how successful it may be.
Another example is the small town of Milford, OH recently opened up an upscale restaurant and wine bar.
Turnover for shops and restaurants on this small main street are frequent and many restaurants have gone out of business here.
There was a need for a finer establishment that appealed to the wealthier towns that surrounded Milford.
It has been a great success from the day it opened.
SHARE
RELATED POSTS on "Business & Finance"
Why Do Business on B2B E-Marketplaces?
Why Do Business on B2B E-Marketplaces?
God's Big Idea For Your Business
God's Big Idea For Your Business
Profits are within 6 Degrees of Freedom
Profits are within 6 Degrees of Freedom
What Variety Of Leather Journals Should You Offer
What Variety Of Leather Journals Should You Offer
Astrology Services In Indore
Astrology Services In Indore
A Project Management Process With Brainstorming
A Project Management Process With Brainstorming
Print Banners Are Immaculate Products
Print Banners Are Immaculate Products
Usefulness of Industrial Buildings and Shed
Usefulness of Industrial Buildings and Shed
A Way To Prepare Your Retail Store For Sale
A Way To Prepare Your Retail Store For Sale
What People Look in a Conference Venue?
What People Look in a Conference Venue?
5 ELEMENTS OF AN AFFORDABLE LOGO DESIGN!
5 ELEMENTS OF AN AFFORDABLE LOGO DESIGN!
Save Time and Expenses During Your Dollar Store Start Up
Save Time and Expenses During Your Dollar Store Start Up
Tips for an Effective Brochure to Attract More Customers
Tips for an Effective Brochure to Attract More Customers
Myths and Reality About Business Credit Cards
Myths and Reality About Business Credit Cards
3 Ways to Guarantee Success in Your Coastal Vacation Business
3 Ways to Guarantee Success in Your Coastal Vacation Business
Secure, Dependable and Affordable - Not a Girlfriend, But Poly Mailers
Secure, Dependable and Affordable - Not a Girlfriend, But Poly Mailers
Essentials Of Meat Rabbit Production
Essentials Of Meat Rabbit Production
Equip the Workers With Lobe Pumps in Your Industry to Enhance Their Productivity
Equip the Workers With Lobe Pumps in Your Industry to Enhance Their Productivity
How Local Chamber of Commerce Help Grow Your Small Business
How Local Chamber of Commerce Help Grow Your Small Business
All About Obtaining A Gsa Schedule And Contract Award
All About Obtaining A Gsa Schedule And Contract Award

Leave Your Reply

*