Food Business2020-12-29T12:57:42-05:00

Food Business Articles

Writing the Market Analysis Section of a Food Truck Business Plan

The market analysis section of your food truck business plan illustrates your knowledge of the mobile food industry. Here, you present general highlights and conclusions of any marketing research data you’ve collected. The market analysis section should include the following: Industry description and outlook: In[...]

By |Mar 4, 2024|Business|

Basic Tips For Making Food Truck Insurance Claims

After causing a minor accident usually comes the dread of a possible car insurance rate hike. Even if you have plenty of food truck insurance coverage, you might be tempted to avoid filing any food truck insurance claims or to keeping the accident a secret from your[...]

By |Mar 4, 2024|Human Resources|

Food Truck Workers’ Comp Insurance Basics

One of the big questions new and existing food truck owners have centers on workers’ compensation insurance; otherwise known as food truck workers' comp. In the food truck industry, there's no shortage of potential risks that employees face. From slipping on wet floors in the[...]

By |Mar 4, 2024|Human Resources|

Eight Ways To Reduce and Prevent Food Truck Robberies

Local news stations across the country have been reporting about food truck robberies over the past year. I certainly hope this doesn't become an escalating trend. Whether or not you decide to purchase property insurance, it still makes sense to implement some risk management tactics to protect your income[...]

By |Mar 4, 2024|Startup Basics|

Late Food Truck Loan Payments? How To Avoid Repossession

For most mobile food vendors, their largest operating expense is their food truck. While some vendors are lucky enough to have had cash set aside to open their business, the vast majority look at financing as the primary option of getting their business on[...]

By |Mar 4, 2024|Startup Basics|

Understanding How FUTA Affects Your Food Truck

Food truck owners must pay federal and state unemployment taxes in order to fund the unemployment tax system. Unemployment compensation is designed to pay benefits to workers when they lose their jobs through no fault of their own. The Federal Unemployment Tax (FUTA) fund and state[...]

By |Mar 2, 2024|Human Resources|

2023 Standard Mileage Rates For Food Trucks

The Internal Revenue Service (IRS) has announced the standard mileage rates for 2023, pivotal for food truck owners and operators to calculate the deductible costs of running their mobile culinary ventures. Effective from January 1, 2023, these rates are essential for managing the expenses[...]

By |Mar 1, 2024|Human Resources|

A Food Truck’s Guide to Tax Basics: The Road to Profits

Today, I'll cover some basic information on food truck taxes and common write-offs in this industry. Keep in mind, I'm writing these from the perspective of a veteran food truck owner and not an accountant. I suggest working with a professional to submit taxes[...]

By |Mar 1, 2024|Startup Basics|