Bangalore is a city of businesses in the southern part of India. This city is famous for creating opportunities because of the business culture it possesses. People migrated to live in this city from all over India. Some people do jobs here and some are entrepreneurs. For both the job seekers as well as job creators it is a wonderful city. As mentioned in the above line this city is filled with migrated people who are working here, they don’t have time to cook. They always prefer to eat food outside. There are hundreds of people like them. Then comes the students and other people who are living in Bangalore but missed their state food. Basically we are talking about food so much because we want to tell you that bangalore is the perfect destination to start a food business. It is the very right time to start a food business in Bangalore. There is a lot of scope regarding the same.
What is Involved in Food Services?
There are multiple things which will be counted in food services in India. One can choose any of the food service given below in order to start a food business in Bangalore:
- Food trucks
- Grocery shops
- Prepared food stalls
- Chineses food stalls
- Vegetable and fruit shops
- Tea stalls
- Food transportation
- Manufacturing of food materials
- Retail food business
- Distributor or wholesaler of food
- Catering business
- Dhabba balas or PGs with food availability
- Vegetable oil processing units
- Dairy milk products
- Canteens on railway station and airports
- Selling of food products through e commerce
- Export and Import food business
Factors to be Considered in Order to Start Food Business in Bangalore
There are many factors which will impact a business in India. Hence one must be aware about these factors that can help in the growth and development of the business. As these factors play a crucial role in the success of a business they must be considered by you in order to start a food business in Bangalore. The list of such factors is mentioned below:
Food Business Plan
To start a food business in Bangalore, you must have a practical food business plan. Business plan helps in smooth implementation or establishment of a business. Through the plan you will have ideas about how and what you should need to do while establishing a business. If a proper business plan is not there there are chances that implementation of the business becomes a little bit chaotic. Hence always have a good well researched business plan.
Choose a Unique Name
First thing you must have in your mind is the name of the business. A good name helps in attracting customers. There are certain things one must consider while choosing a name for his business:
- The name of the business must be unique
- Name of the business is related to the business either directly or indirectly
- Name should not be in use already
- Must be a well researched
- It is not necessary to find meaning of the same
Choose an Entity
There are different types of entities in India. They are suitable for different types of business. Not every entity is suitable for every business. Hence choosing the right entity is also necessary. Some of the entities which can be suitable to start a food business in Bangalore are mentioned below:
- Sole proprietorship firm in case you are starting business alone on a smaller level
- Private Limited Company is good for the businesses which have big plans
- One Person Company is good alternative of the sole proprietorship firm if your business is going to start on a good level
- In case business is for charitable purpose then section 8 company will be good
- In case of big ventures ty to opt for Public Limited Company
- For doing business in partnership one can go with the Limited Liability Partnership Firm
Investment Plan
Money is a very important factor of a business. Without having investment one cannot start any kind of business. Whatever business one is starting, whether a food business or any other business it should have a proper investment planning. Bifurcation of money is really important in order to properly distribute the investment in different departments of the business.
Choose a Good Location
Business location must be chosen as per the requirement of the business. Location has been chosen wisely because it is one of the important factors in the success of the business. There are many businesses which fail because of the wrong choice of location. In order to start a food business in Bangalore, you must choose location accordingly like the area where offices are there or nearby colleges etc.
Hire Good Employees
A business does not just become successful only because of the business owner. It has the taste of success when it has good employees. Hence you must focus on hiring good employees who can put their efforts towards your business. Employees are the key to success of any kind of business, that is why people are doing aqua hiring these days.
Advertisement and Marketing
There is no need to tell how important an advertisement is for any business. In the present time businesses are investing thousands of rupees in the advertisement and marketing of the business. Few tips which can be helpful in order to start a food business in Bangalore are mentioned below:
- Must have social media presence
- Collaboration with the local food influencers
- Offer a loyalty program
- Offer good discounts
- Have a good website
- Initially can offer free delivery of food
Legal Compliances of Food Business in Bangalore
Every business one is going to start has its own legal and financial compliances which must be fulfilled in order to save oneself from fines and penalties. These compliances includes the following:
FSSAI Licensing
To start a food business in Bangalore the very first legal compliance which cannot be ignored is FSSAI Licensing. Under the Food Safety and Standards Act or FSS Act of 2006 it is mandatory to all the food businesses to take FSSAI License to run the business in the Indian market. There are three types of FSSAI License given under the food safety law which are General FSSAI License, State FSSAI License and the Central FSSAI License.
GST Registration
GST Registration is not compulsory for all businesses, but if your business falls under the threshold limit of the Goods and Services Tax Act of 2017, you must obtain goods and services tax registration. Also if your business is doing interstate transactions and also doing business through e-commerce then it is necessary for you to obtain goods and services tax registration even if your business is not falling under the threshold limit.
FSS Act Compliance
Some of compliances of the FSS Act of 2006 are:
- Maintaining proper hygiene is necessary.
- Testing is required before using water in manufacturing.
- The products’ labels must be accurate.
- Include a list of ingredients on food products.
- food adulteration on a curve
- The dish must not contain any poisonous ingredients.
- Obtain an FSSAI license for the company.
Process to Start a Food Business in Bangalore
Given below is the step-by-step procedure to start a food business in Bangalore:
- Select food services you are going to start
- Draft a good business plan
- Choose a good name for your business
- Select an entity and incorporate it
- Read the Food Safety and Standards Act of 2006 and comply with the same
- Obtain food license from the FSSAI
- Implement the business plan
Conclusion
To start a food business in Bangalore is a promising venture due to the city’s diverse population and bustling business culture. To succeed, one should begin with a well-researched business plan, choose a unique and relevant business name, and select the appropriate legal entity for their venture. Investment planning is crucial, along with choosing an optimal location and hiring dedicated employees. Effective marketing, including a strong online presence and collaborations with local influencers, can boost your business. Legal compliance is vital, with FSSAI licensing and GST registration being essential steps, along with adhering to the Food Safety and Standards Act. By following these steps, entrepreneurs can navigate the path to establishing a successful food business in Bangalore’s thriving market.
