Being able to turn your passion into your profession can be the shortest road to doing what you love every day. Food lovers and passionate cooks who already know that they enjoy spending time in the kitchen and cooking for others can turn their passion into a business. Starting a home-based catering business may be just the answer to doing what you love each day. Cooking, of course.
Reasons to consider starting a home-based catering business
If you are a passionate cook and even think of yourself as an amateur chef, chances are that you already have a kitchen that is well equipped to suit all of your needs. This is an advantage because you are already accustomed to working in your own space and you feel comfortable doing so. Moreover, you most likely have already developed a cooking style and even specialize in cooking some types of recipes, either savory or sweet.
You should remember that you do not need to start big. It is perfectly normal to start small and grow or to choose to keep your business at a small size, just enough for you to be able to manage it. As you increase your number of clients, you will be able to decide if you truly want to turn it into your main source of income or if you want to keep it a part-time job that fuels your passion.
How to start your home-based catering business
The first step is to clarify how you will work: do you want to be self-employed or do you want to open you own company? These types of activities that revolve around catering and restaurants are popular ones in locations like Hong Kong and Singapore.
For those who want to start a catering business in Singapore, the taxation regime is very convenient. Cooks can find a certain niche that they are passionate about. This is important since small caterers, especially those who work on their own or have just a handful of employees, will not be able to serve large events such as weddings with more than 100 guests. They will most likely need to focus on catering for small office parties, engagement parties or other small-scale events. When you do decide to open a company, you can request a number of company formation services from a reliable team of Singapore experts.
Entrepreneurs in Hong Kong who are weighting in their options for starting a home-based catering business can start by studying the competition. Hong Kong is a multicultural city, where the Western and Chinese cuisine blend to offer a unique combination. You can study what other caterers are offering, their menus and prices. In order to open a catering business in Hong Kong you will need to register a company, usually a private limited liability company. This is a suitable business form for a small business like a home-owner catering business. You can always contact a team of Hong Kong company registration specialists if you want to know more.
Turning your passion into your profession can be a challenging but rewarding process. Once you’ve become clear on the legal terms for starting a business you can stat gathering your kitchen tools and supplies and start cooking.