Idea to Launch including Funding Options

Introduction to presenters and their background

The idea

• What is your idea?
• What is the background behind this idea/concept?
• What sets it aside from current concepts? Examples of well-known food businesses.

Thorough (applicable) Market Research

• Have you researched the field? How have you documented your findings?
• Do you know the players in this domain?
• How to use your research to refine your concept

The plan and actual next steps

• Constructing a plan and how to use it
• Relevant sections
• Remaining realistic

Knowing the numbers

• The key to financial success starts from having the right forecasts and staying on top. 
• The restaurant percentages that you need to know
• Keeping expenses to a minimum
• Practical examples of a P&L; 
• Putting together a forecast
• How to make sense out of the numbers
• Funding the business - options 
• How to prepare a correct opening budget and monitoring working capital 

Stock

• Food cost/wastage - stocktaking
• Supplier management
• Software

Staff - what to expect and how to be responsible employer

• Hiring and firing
• Training
• Customer service 

Legal requirements for a food business

• Health and Safety
• Health and hygiene 
• Insurances
• Licences

Appropriate property for a food business

• Different examples for different concepts
• Usage 
• Leases - what to watch out for

Top tips and 15 min slot with a guest who has just started