Types of Ownership
This type of business organizational structure is when the owner and the business are one in the same. This is the type that most personal chefs choose to file under.
What is Sole Proprietorship?
This is a nationally recognised food and beverage safety training and certificate program administered by the U.S. National Restaurant Association
What is ServSafe?
This is a slang term used to describe a brief speech that outlines an idea for a product, service, or project. The name comes from the notion that the speech should be delivered in the short time period of an elevator ride.
What is an elevator speech or pitch?
These are small, but profitable segments of a larger market. They may provide a market for your business if you specialize in something that the market may need or want.
What is a niche market?
This is the term for the first time that you meet with your potential client to discuss your business.
What is Initial Contact?
This type of structure is formed when a business has two or more owners. Some of the Advantages are pass-through taxation, shared risk, and low cost
What is Partnership?
This type of license is required to conduct business and may by issued by local government such as town, city, or county in which the business is based.
What is a business license?
This is the term for the money a business owner needs to start up a new company. This funding helps the business meet its initial costs, such as office space or equipment.
What is Start Up Capital?
This is the type of research that involves figures, statistical data, and measurable figures to analyze data.
What is Quantitative Research?
This type of fee structure includes all costs except for containers and is an inclusive fee based on number of servings of entrée and side dishes.
What is Flat Fee?
This type of structure is a incorporated hybrid entity, with traits of corporation & general partnership, which allows for limited liability, but also pass-through taxation.
What is an LLC, or Limited Liability Corporation?
This is also called the "Assumed business name", "fictitious name" or any name other than a company's legal name that is used to carry out business activities. It is abbreviated into the acronym, DBA.
What is Doing Business As?
This statement is an explanation of the fundamental reasons on why your company exists and are based upon values
What is a Vision Statement?
These marketing tools are used to expose your services to a particular target market and is usually an unpaid service for exposure.
What is a Promotion?
This process in your communication to the client is your chance to gather the knowledge needed to customize the experience for your client. This step adds the "Personal" in Personal Chef.
What is Client Assessment?
A tax imposed on certain types of products such as alcohol, cigarettes, or firearms.
What is an Excise Tax?
Bonding This type of insurance protects you and your client from this. It is not usually required of a personal chef or caterer, but can be useful if you may have less than honest employees will working inside your clients homes.
What is Theft?
This statement defines your purpose and who you serve, how you will achieve your goals, and is a measurable objective.
What is a Mission Statement?
This type of marketing involves paid services that help with the further growth of the business.
What is Advertising?
A method of pricing similar to an a la carte menu where entrees are priced individually.
What is Cost per Entree?
This type of structural organization requires a Partnership Agreement.
What is Limited Partnership or Limited Liability Parnership?
These are the words that make up the acronym, EIN, which is a number that the IRS uses to identify employers.
What is Employer Identification Number?
These are the two types of business plans as described by the book.
What is Management Plan and Financial Plan?
A Good Marketing campaign will use the Acronym, A.I.D.A which stands for these qualities.
Awareness, Interest, Desire, and Action
These are the four components to the Customer Service Action Loop, which helps to identify and utilize feedback to improve customer service?
What is Communication, Feedback, Evaluation, and Adjustment?