All of the information that you have learned so far falls under the categories of “operations” and “marketing”, in other words, the daily process of making great food and getting it to your customers. That’s only half of the equation for success. The other half involves receiving payment for your products and services, properly handling the revenue stream, paying taxes, managing employees (and yourself), – in other words, the “business” aspects.
You won’t be an MBA when you’re done reading this section, but you will at least be aware of the legal, financial, personnel, and tax issues facing your business. Because of the varying laws from state to state, and the expertise required, I highly recommend that you work with a professional for assistance in these areas.
The topics covered in the following pages are so vast that many entire books have been written about each of them. However, if you read and understand the contents of this book, you will have a good grasp of the basics so that you can get your business up and running.
I strongly suggest that you continue to educate yourself about each of these topics. Read business books and magazines. Take an accounting class at the local community college. The SBA (Small Business Administration) exists to help entrepreneurs like you, and they have a wealth of information.
Another great organization is called SCORE (Service Corps of Retired Executives). These folks volunteer their time, and the expertise gained from a lifetime in business, to help new and existing small business owners. They have local chapters in most areas of the country – find one near you by going to their web site. Devote yourself to becoming a lifelong student of business.
This book will get you started. How far you go is up to you.