Etini
Valued Contributor
One business niche that we always know to have high propensity of success is food business. Micro niches exists though in the industry and perhaps one of the most basic of them all is mobile food vending. So many people might be contemplating entering the business. Before you indulge, let's examine the particular intricacies involved.
Pros
1) Low Barrier to entry: It doesn't require stringent regulations and licensing to start this business. Anyone can enter the business at anytime without having to do any registration.
2) Adaptability in target market and location: Mobile food vending can be adapted to target new customers and location easily if the menu doesn't resonate again with the curren market and location.
3) Ease in earning and maintaining brand loyalty: Food vending provides personalized delivery of the cooked food to the customers and can easily tweak the formula to meet a particular customer's need because they are few and controlled thereby easily earning loyalty of customers.
Cons
1) Laborious in nature: It requires the highest level of physical condition of the entrepreneur for this business to run. The entrepreneur easily gets burnt out and may require frequent medical attention thereby reducing productivity.
2) Dependent on weather conditions: Food vending business is largely dependent on the weather conditions. Extremely sunny days or rainy days has adverse effects on the business.
Pros
1) Low Barrier to entry: It doesn't require stringent regulations and licensing to start this business. Anyone can enter the business at anytime without having to do any registration.
2) Adaptability in target market and location: Mobile food vending can be adapted to target new customers and location easily if the menu doesn't resonate again with the curren market and location.
3) Ease in earning and maintaining brand loyalty: Food vending provides personalized delivery of the cooked food to the customers and can easily tweak the formula to meet a particular customer's need because they are few and controlled thereby easily earning loyalty of customers.
Cons
1) Laborious in nature: It requires the highest level of physical condition of the entrepreneur for this business to run. The entrepreneur easily gets burnt out and may require frequent medical attention thereby reducing productivity.
2) Dependent on weather conditions: Food vending business is largely dependent on the weather conditions. Extremely sunny days or rainy days has adverse effects on the business.
