Is the F&B Business Promising?

Suba · Jul 14, 2023

F&B (Food and Beverage) business which may be in the form of restaurants, cafes, food stalls, coffee shops, canteens, grocery stores etc. So basically the F&B business is engaged in the culinary field which is needed by many people so that it can potentially make big profits. But businessmen must make careful plans and strategies before starting to run an F&B business.

One very important strategy is to determine the target market, because it will be the target consumer, so businesses must think about which community groups will be targeted such as students, employees, factory workers or consumer elites etc.

Blessed19 · Jul 15, 2023

F&b businesses actually are good and lucrative or to an extent they help sort out some bills when you know how to manage them properly but decided that it will be a flop.

timewo · Jul 15, 2023

F&B business is very lucrative in metro cities with a large number of migrants who do not have the time and space to cook food for themselves. They always look for affordable food which is safe.

Niyi Briggs · Jul 15, 2023

You can take it to the bank and deposit that if there is one business that is very lucrative, it is food business. Humans have to eat regardless. The demand is very high.

cherry123 · Jul 15, 2023

Yes many people that have gone into this business makes IL big. it has the potential to make a runner of it big profits. You can make it through with diligience

Niyi Briggs · Jul 15, 2023

Food and beverages as a business is in demand. Beverages for instance is consumed by everyone from babies to extreme oldies. It is very lucrative if done in a good location.

Springtime · Jul 15, 2023

Food and Beverage business can be profitable if run properly. As competition is fierce in this industry, you have to position your business. What target audience you plan to serve, for students, office workers or elites. You also have to maintain your food quality at all times. Once your customers find that your food is not good enough, they'll go to other places.

Niyi Briggs · Jul 15, 2023

Springtime said:
Food and Beverage business can be profitable if run properly. As competition is fierce in this industry, you have to position your business. What target audience you plan to serve, for students, office workers or elites. You also have to maintain your food quality at all times. Once your customers find that your food is not good enough, they'll go to other places.

There is a need to have a target market and understand your market in this kind of business. That is because every market for food has its own specific needs and demands.

eldavis · Jul 15, 2023

From what i have seen so far, F&B business is extremely lucrative, cause this is something we can't actually do without. Food is one thing we need, then there are people who prefer having their food with a good drink.

cherry123 · Jul 15, 2023

This is a highly demand business. People like to take provisions and in the industry
competition is really high as well. So it is up to one to position well for the business.

Suba · Jul 15, 2023

In my experience, setting customer targets also greatly determines the success of the F&B business. If there are many factories around your business location, or immigrants opening rice stalls, it will be more profitable than opening a restaurant.

cherry123 · Jul 16, 2023

Food business is really in high demand in my region. People can't just stay without eating. So if you are going into it be sure that you would make sales

Heatman · Jul 17, 2023

Niyi Briggs said:
Food and beverages as a business is in demand. Beverages for instance is consumed by everyone from babies to extreme oldies. It is very lucrative if done in a good location.

It is a kind of business that most family will always patronize on daily basis because it is what they cannot do without and it's why the business is doing very well.

astutimeliana723 · Jul 17, 2023

Of course this business is profitable, but you have to be smart to manage it. Because it is not easy to always maintain the quality of cooking. I once worked in a food franchise franchise, and sometimes there were complaints that the rice was burnt, sometimes too soft, sometimes too hard, etc.

aovurevu · Jul 17, 2023

astutimeliana723 said:
Of course this business is profitable, but you have to be smart to manage it. Because it is not easy to always maintain the quality of cooking. I once worked in a food franchise franchise, and sometimes there were complaints that the rice was burnt, sometimes too soft, sometimes too hard, etc.

Then for someone to start this kind of business, such person must have a good cooking skill and also ask for reviews and feedbacks on food served when necessary to know when to adjust to avoid future complaints.

astutimeliana723 · Jul 17, 2023

aovurevu said:
Then for someone to start this kind of business, such person must have a good cooking skill and also ask for reviews and feedbacks on food served when necessary to know when to adjust to avoid future complaints.

Yes you are right, I also sell food products. I tried it many times to find the right recipe and satisfactory results for sale. I will not dare to sell if the results are still not good. This is a preventive action so as not to reap a lot of complaints from customers.

cherry123 · Jul 17, 2023

Yes, this is one business that one can make money from.on a daily as most family will always want to buy food for their members it will help them grow

capri · Jul 17, 2023

I understand that a business dealing in cold beverages is likely to be hugely successful if it is situated in an area with a hot climate.
Enterprises that are selling water and juices in various western European countries that are experiencing severe heat waves are thus bound to be lucrative.

cherry123 · Jul 17, 2023

Yes thos is going to be a successful business if one locate the business in an area with a lot of people. You need to know the kind of food they want.

Niyi Briggs · Jul 17, 2023

As sure as the food and beverages business is lucrative, some people still make heavy losses in the business. It has its technicalities which one has to learn and master to be successful in it.

astutimeliana723 said:
Of course this business is profitable, but you have to be smart to manage it. Because it is not easy to always maintain the quality of cooking. I once worked in a food franchise franchise, and sometimes there were complaints that the rice was burnt, sometimes too soft, sometimes too hard, etc.

Is the F&B Business Promising?

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