When you want to be sure that you are able to provide a great business that lets you flex your entrepreneurial muscle while providing tremendous value to your customers, starting a wholesale food business is one of the best things that you can do. You will be able to literally put food on people's tables, while also learning a business that is challenging and constantly changing. In this regard, follow these tips below so that you can get started on your terms.
#1: Get your reseller's license and all other logistical matters
When it comes to starting your food distribution business, be sure that you have all of your logistical matters in place. You will need to first and foremost figure out what sort of business license to apply for – be it a sole proprietorship, LLC, S corporation, or any other type of business designation. You must also make sure that you apply for things like a reseller's license and a wholesaler's license. Each state has its own laws in place regarding these sorts of designations. For instance, in the state of California you will need to put your paperwork in with the Board of Equalization. Learn the ins and outs of the rules so that you are getting started on the right foot.
#2: Make relationships and stick to your rules
This is a relationship business, so make sure that you strike the balance between finding great suppliers and also managing them accordingly. One of the biggest mistakes that you can make is getting into the habit of extending too much credit. The last thing you would want to do is forge a business relationship with others who are less than reputable. Make sure that you continuously network and expand your operation at a speed that works for you.
#3: Put the food quality first
Because you are dealing in something as important as food, you should absolutely never cut corners on the quality. Deal only in high-quality brands, and stay abreast of any recalls from the FDA or USDA. Make sure that you also purchase high-quality products that people love by purchasing products from companies like MCM Food Corp. For example, you will be able to purchase large quantities of favorites like dulce de leche without preservatives and wholesale guava spread.
Consider these tips in order to get your food distribution business started off on the right foot.