Whether you are just starting a food truck, or are knee-deep in the waters of your business, it’s imperative to know the shortcomings. Like any venture, the food truck industry has its pitfalls; that’s why at Legion, we are here to help you from start to finish. Since your success is important to us, we have compiled a list of the most common reasons other food truck owners failed and how you can avoid them.
1. Cutting Corners on Equipment
The biggest leap from idea to fruition is purchasing your first food truck. It’s also where the businesses that fail make a fatal mistake. A good quality truck is a large investment, but when it’s the foundation that holds your business together, it’s not the part to save money. When choosing your food truck, focus on making sure it has everything you need to make your business thrive. Be aware of how many miles the vehicle has on it and how much more life you are going to get out of it.
2. Not Knowing Their Audience
So you have a quality truck, and you’re ready to start selling; That’s awesome, but do you know where you’re going to sell or the value of what you’re selling. Market research is a vital part of any successful business: it tells you what products sell in which areas and who and where your target audience is. Without this step, you can quickly become unprofitable.
3. Not Knowing Themselves
Not as deep of a question as it seems, but just like a relationship, if you don’t know who you are, things can go south. To start, narrow down exactly what needs your business is trying to fulfill for your consumers, and make that extremely clear. From your sign to the products you offer, if you’re a bakery, all it should take is one look to know what you sell. If you have a confusing name, or your range of products is too varied, you could end up losing customers.
4. Not Marketing Their Business
You can have top of the line products, fantastic state-of-the-art equipment, but if no one knows your name when you are starting a food truck, it’s going to take a lot longer to make a profit. It’s 2020, and social media isn’t going anywhere, and if you aren’t maintaining a presence on all the big ones, you’re missing out on a ton of business. If you are wholly unfamiliar with social media marketing, there are plenty of online resources or people to hire to help you out.
5. Choosing Quality Over Quantity
After already discussing not skimping on your truck, it should come as no surprise that your equipment is no different. If you try to save money on this step, you’ll end up spending more in the long run. Quality equipment is built to last and increase productivity. There’s a reason why quality food truck equipment is so important; your employees and customers will thank you for this investment.
Starting Your Own Food Truck Business
If you are just starting a food truck business, Legion is ready when you are to get your passion on the market. Our custom-designed trucks are made special for your needs. From concept, design, and build, we help you turn your dreams into reality. We also adhere to the strictest health codes, making sure you are up and running able to start cooking immediately. To get started on your project, contact us today, and start on the path to success.