Posted on October 12, 2011
There are so many reasons why a business plan is an essential part of starting up and managing a catering business. A well written plan allows you to get a clear idea of where you want to take the business and how you are going to get there. It is a useful report that the owner of the business can use to prove the viability of his plan to him or herself as well as other concerned parties.
Done properly, a plan can be useful in promoting your interests. However, if you mess it up you will be taking unnecessary personal risks with your start-up funds and you will lose credibility in the eyes of your readers. In the follow article we have set out eight characteristics of an effective catering business plan.
1) A Pleasure to Read
A business plan should be easy to read. While you will have to use a certain number of financial and accounting terms, you should try to keep the language as simple as possible. Make sure that the plan is written in a style that keeps the reader's attention. Divide the work into different sections under different titles. Use sub-sections as much as possible rather than cramming too much under one heading.
2) Correct Spelling and Grammar
Read over your business plan carefully several times and make sure that everything is correct. If there are too many mistakes in the document you may come across as being less than professional in the eyes of your readers. Check spelling, grammar, punctuation and other areas for accuracy. Have someone with an excellent command of the English language read over the plan several times and edit it for you. Read More...
Posted on October 11, 2011
Any company, whether it is small or large, having permanent or temporary employees should have employers' liability insurance. It is not only necessary but is mandatory in UK according to the Employers Liability (Compulsory Insurance) Act, 1969. This insurance helps the business in covering the unexpected costs that comes from injuries or fatalities of its employees. Especially for small businesses, this is particularly advantageous owing to the extremely high costs of health and safety needs, which when incurred unexpectedly makes it difficult for the business to bear.
The below points discussed will help you know what actually the employers liability insurance covers and why it is important for small businesses.
What liability it covers? Employers' liability insurance covers the costs associated with the injuries or fatal accidents occurred to the employees on site or off site while performing their job. In addition to the medical costs, the lost pay during the treatment period of the employees is also covered. It also covers the legal costs which are incurred due to the lawsuits filed by the employee/his family against the employer for causing injury or death. Read More...
Posted on October 9, 2011
By Ann Edall Robson
Legal rulings involving event planners and/or their companies should instill in those working in the industry that there is nothing they cannot be held accountable for when it comes to event planning. It is angering that people do not seem to want to take responsibility for their actions, personally or in business. Therefore, the onus in some instances has been moved to the event planner and his/her company. The law has not discriminated. It has targeted event planners who are sole-proprietors and entrepreneurs hoping to make it big to the large corporations that have been successful in the business for years.
It is imperative that event planners stay up to date on the laws of their business as well as the proceedings and outcome of any legal actions and rulings that may affect the industry. Clients may not be aware of rules and regulations that could influence the outcome of their event. Consequently, it is the responsibility of the event planner to advise their customers accordingly. These legalities need not deter a planner from doing a job. In fact, if knowledgeable about the rules and regulations, an event planner and their company can be more valuable through being prepared for any possible issues that may arise at the events they preside over.
The responsibility at an event usually rests on the shoulders of the person or company that has been hired to orchestrate the planning and bringing all of the areas together. Everyone from the stakeholder or host, the venue, the caterer and anyone else involved will go to the event planner for answers when something goes awry. Read More...