To start your very own butcher business there are a few things you will need to consider, ranging from your business structure to sourcing produce to attracting customers. Before starting any new business you will need to make sure you meet all the administrative, financial and legal requirements. Keep reading to start your butcher business off on the right foot.
1. Business Essentials
First you will need to decide on a business structure. Will you operate as a sole trader, partnership or company? You should consider which structure will work best for your business goals.
Secondly, you should determine the location of your butcher business. You should consider the size and location of where your store will be run. Will you buy or rent and how this will affect your expenses in the short and long run?
Next, you will need to register for an Australian Business Number (ABN). Registering an ABN is a simple process, and your business will be able to gain benefits including tax benefits.
Now you need to decide on a business name. Once you decide on your name, you should check the availability of the business name you have chosen. If the name is available, you can then register your business name as a trademark to ensure that you have the exclusive rights to your business name throughout Australia. This will also be beneficial for branding.
2. Licences and Permits
When starting any business you should always check if you require any licences or permits. In NSW any business that handles or processes meat, seafood and shellfish are required to hold a NSW Food Authority Licence. As your butchery will be processing and selling meat you will be required to attain a licence. Every state and territory has different regulations so check with your local authority to ensure you have the correct licences.
3. Equipment
To run a butcher business you are going to need produce. Firstly, you must organise a supplier who will provide the fresh produce which you will then sell to your customers. Secondly, you must consider the type of shop fixtures and equipment you will need to operate your business. This could include scales, fridges, cash registers and machinery. All the equipment will be a considerable immediate expense. You should do your research to find the best deals to optimise the profitability of your business.
4. Hiring Employees
To run your business smoothly you may want to consider hiring staff. You should consider how many employees you are looking to hire and what type of employment they will receive such as full time, part time or casual. You will then need the appropriate employment agreements drawn up and signed.
5. Market Your Business
Now all you need is customers. To help you attract customers, you may want to implement a strategic marketing plan, to gain insight into your target market. It will also be beneficial in helping you understand what is the most effective marketing method to reach your target market. You may choose to start a social media page or put an advertisement in your local newspaper. Another simple and effective approach of reaching new customers is through word of mouth.
In conclusion, starting a butchery is an exciting experience and can be a profitable business venture. If you are looking for further assistance with any aspect of your business, contact a business lawyer today.
