Jeremy Adams, co-founder of Prestige Food Trucks, has been making headlines as of late, and that is evident in this article.
Well, Adams is making headlines yet again for all the right reasons, as he was recently featured on the podcast, Create Your Own Life.
If you fancy yourself a food truck business owner, or you are wanting to join the mobile kitchen industry, then you need to check out this podcast. Simply put, Adams dishes out advice that could help you during your business journey.
Growing And Scaling A Million Dollar Business — With Prestige Food Trucks Co-Founder Jeremy Adams
Looking for food truck advice? Look no further than the five previews of articles that were recently published at Custom Concessions below.
If you buy a cheap food truck, then it probably isn’t customizable, and if it is, then great … but you still have to deal with the issues above. One might be wondering why it is important for a food truck to be customizable. Let us explain.
Let’s say you buy a food truck with a pizza oven in it … but you don’t need a pizza oven. That’s too bad, because the only way you can take the oven out, is if you pay to take it out. The same thing, of course, is the case if you buy a truck without a pizza oven yet need one.
Okay, so that might be a bit extreme, because if you need a pizza oven, then you are going to look for pizza food trucks. What about this: Your truck has everything you need, but you hate where everything is/you don’t like the setup. That’s something you are going to have to live with.
Now, if your truck was customizable, then you would be able to arrange the equipment however you would like, and you could rest assured that it would have all of the equipment you need.
If you are trying to break into the food truck industry, make sure to check out these food trucks for sale!
If you have a sit-down restaurant and you also are in a prime area, then you will likely be able to attract customers with ease (okay, so it isn’t always that easy, because things like marketing, quality/tasty food and customer service also come into play). However, if you aren’t in a prime spot, then hopefully you have some really reliable customers, and otherworldly food. If not, then no one is going to come to your truck, even if the food is amazing.
Now, with a food truck, your business is on wheels, meaning you can park that bad boy wherever you wold like…
Okay, that isn’t necessarily true, and here’s why: Permits, regulations, laws and rules will come into play, and you can’t just simply park wherever you would like. With that said, you can have more than one location, and you can easily travel to food truck events and catering gigs. If you aren’t happy with your location, then you can find a different one.
You Will Learn The Ins And Outs Of Running A Business
Even if you don’t plan on being a food truck owner forever, you will learn the ins and outs of a business in no time.
You will learn how to make a business plan, you will learn all about inventory, you will learn how to manage employees, you will learn all about revenue and sales and the list could go on and on. If you own a food truck, then you own a business, and the skills you learn from that are invaluable.
Your Job Will Be Anything But Boring
Being a food truck owner is not boring. Trust us. From angry customers to happy ones, you are going to have some entertaining days. If you are bored as a food truck owner, then you are either extremely good at your job (and delegate a lot), or you likely have empty food truck lines, which isn’t typically a good sign.
Nonetheless, there is nothing boring about being a mobile kitchen owner.
3. Figure Out Where You Want Your Destination(s) To Be
This is an important step for many different reasons. First and foremost, location is everything in the food truck industry (you know what they say … location, location, location), and if you decide to go with a destination that isn’t known for its foot traffic, then you might struggle to attract customers. Not to mention, you can’t just park anywhere, and things like permits, regulations, laws and rules come into play.
Therefore, do some big-time research in this department, and see where you can and can’t park … as well as searching for amazing destinations that haven’t been picked yet. Reminder: Your business is mobile, so you can have more than one location, and you really should if you are going to survive and thrive in this industry.
2.) The Sky Is The Limit As A Business Owner
As a business owner, the sky is the limit. There’s no limit on how big you can grow your company, and there’s certainly no limit on how much money you can make. Spoiler alert: If you own a food truck, then you are, in fact, a business owner.
Unlike so many jobs out there (you know, jobs in which you are an employee working for an employer), you can make as much money as you want as a food truck owner. In other words, your salary can be as high as you want it to be, and your salary can increase on top of that.
Of course, you want to make sure you have a thriving and sustainable business before you start paying yourself an overwhelming amount of money. Still, the sky is the limit as a food truck business owner.
Want more advice when it comes to the food truck industry? Make sure to check out our entire blog here!
If you are looking to break into this industry, make sure to request a custom quote!