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Mobile catering is growing popular by the day. There are well over 20,000 such businesses in the US currently, with a 6.8% growth rate being recorded between 2014 and 2019. There’s a reason for this. The demand for mobile catering is on an uncontainable surge.
If you’re considering joining the food truck market, there aren’t many hurdles to stop you, and making good isn’t really a pipedream, but if you want to be better than the rest, then you have to be smarter than them. Below are a few tips to help you achieve success with your mobile catering business:
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Invest in the right trailer truck.
The food vehicle is the most critical asset of any mobile catering business. How you choose will have an impact on how your business performs in the long run.
Factors to consider before buying a food vehicle should include the size of your business, the kinds of foods you’ll be serving, the need to prepare food in the vehicle, the number of employees, state laws, and of course, your budget.
If you’re going to offer made-at-home food, then a medium-sized trailer would serve you well. Ice creams and other fast foods can be sold from a cart. On-site food preparation, on the other hand, would call for a full-sized food vehicle with a kitchen section.
Since they can be a considerable investment, ensure you consider your business’ long-term objectives when looking for kitchen trailer trucks for sale. If you have imminent expansion plans in mind, consider buying a sizeable vehicle even if your business is small at the moment.
Choose your staff wisely.
Every business that involves in-person human interaction needs friendly and personable staff. Food trucks often serve repeat customers, meaning the need for hospitable employees is even greater.
Consider creating a comprehensive hiring criterion to minimize the chances of taking on incompetent individuals. Qualification should count only when it’s accompanied by the right attitude and energy for the job. No matter how good the food is, customers will have other options out there, and the service you offer will have a sway on whether they will continue coming back or not.
Offering what the competition doesn’t have is an age-old technique that works nine times out of ten. Before starting, you have to ask yourself, “What does every other food truck in the neighborhood serve?” If the streets are packed to the gills with sandwich carts, then that’s one item you shouldn’t have on your menu.
Understandably, it can be hard finding popular yet rare foods to offer, but if you do, success is almost bound to come your way. Conduct far-reaching research that dives deep into the offerings of the mobile catering businesses in your locality. Whatever’s missing should be noted and kept aside for consideration.
Get a website.
Did you say you want to stand head and shoulders above the competition? Well, here’s the thing: you’re not entering the top bracket without an online presence. We’re in the digital age, and no one wants to guess your location when they can find you on their phone.
A website will help you post and update your location every day and provide menu information, employee bios, and anything that customers may want to know.
A website is also great as a complementary element for local SEO, so new customers in your area who want to learn more about you can click onto your website and have a look around.
Your online catering website should be neat, easy to navigate, and optimized for mobile devices.
Start a loyalty program.
Loyalty programs evoke loyalty by rewarding customers for subsequent visits. If your business is in its infancy stage, a loyalty program will help you build a client base quickly and accelerate your business’ growth curve.
One viable way to do it is by providing punch cards to every new customer, where one gets a notch every time they buy from you. For instance, you can offer a free meal every time a customer buys, say, ten meals from your food truck. After that, they can restart the cycle or be upgraded to the next stage of the program.
Just ensure you don’t hurt your bottom line and long-term business objectives with your loyalty program. The ultimate goal is to make more profit, not to have a vast customer base.
Invest in food blogger outreach.
Regardless of the size of your business, you can’t overlook the importance of a good marketing strategy. One often overlooked yet beneficial approach to fire up your growth is to invite food bloggers to your mobile catering business and ask them to try your meals and review them on their blogs.
Some bloggers have huge followings, and getting a positive review from them can impact your business massively.
The only catch to this type of marketing is that your food truck must be excellent because you’re looking for genuine reviews. If the experience is bad for the blogger, chances are you’ll get a negative review, which will taint your business image.
Delivery can call for the alteration of your budget and some of your business plans, but it’s a tried-and-tested way to boost sales.
According to a survey, 61% of millennials consider the availability of delivery and takeout options an essential factor in choosing restaurants. That’s nothing to overlook if you want to thrive in the mobile catering industry.
If you’re not equipped to build your own delivery department, consider partnering with a third-party delivery service provider such as Eat24Hours or GrubHub.
Success in the food truck industry isn’t given on a silver platter. You have to understand the market, know your audience, and create strategies to provide you with the edge on your competitors. The above tips can help you find your feet in the rather chock-a-block industry, whether you’re still in the planning phase or your business is up and running.
By- Tejas Maheta
When attempting to summarise the current performance and future portents for the South Asia economy, it's arguable that most of the region's nations are doing relatively well.
Malaysia offers a relevant case in point, as despite combatting Covid-19 whilst also dealing with a global oil price crash and political instability, the nation is poised to record economic growth of 0.5% by the end of 2020.
Sure, this is noticeably down on the initial 2002 forecast of 4.8% growth, but it needs to be considered against the backdrop of an unprecedented combination of socio-economic and geopolitical challenges.
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Similar trends have been reported in Vietnam and Hong Kong, the former of which has recorded no coronavirus deaths at all and remains one of the few nations on course to achieve economic growth this year. But which nations are really leading the recovery in this region, and what should we expect going forward?
Surviving Covid - Currencies and Stimulus Packages
Of course, one thing that unites these nations is the proactive rollout of generous stimulus and quantitative easing packages, with Malaysia having provided an RM295 billion injection into the economy.
Of this, an estimated 15% (approximately RM45 billion) is a direct fiscal injection in the government, with the remaining capital introduced in the form of slashing base interest rates and managing inflation.
Hong Kong has also introduced several rounds of quantitative easing measures since February, with April's iteration providing an HKD120 billion relief package and taking the total government stimulus investment to HKD290 (which equates to 9.5% of Hong Kong's gross domestic product).
In the case of both Malaysia and Hong Kong, these measures have also helped to boost the value of domestic currencies. The Hong Kong dollar rose for the fifth consecutive day last week, for example, while the HK Monetary Authority sold a further HK£3.72 billion of local currency and continued to boost their capital inflows as a result.
The Malaysian Ringgit has also performed relatively well against major currencies of late, although it faces additional challenges in the form of the recent global oil price decline.
So, although crude oil prices have recently rebounded slightly, Malaysia's currency value has been impacted by rising capital outflows and forced to trade within an increasingly narrowing range.
Common Ringgit notes Image source: wikimedia commons
A Look Ahead - What Can we Expect?
Asia was the region first affected by Covid-19, and therefore it stands to reason that its nations should have commenced their recovery quicker than those in Europe and the US.
Interestingly, the shoots of recovery may be green in more ways than one, with the Export-Import Bank of Korea leading the return of Asian green bonds in the primary financial market.
Also Read: Zimbabwe Ends Its Interim Currency
Of course, the idea of sustainable finance and investment has been a hot-button topic in Asia for a while now, while we've also seen a significant increase in demand for Green, Social and Sustainability (GSS) bonds in recent times.
This followed the introduction of a 700 million Euro green bond and Korea's pledge to achieve net zero carbon emissions by 2050 (following hot on the footsteps of the UK).
With these points in mind, there's clearly the potential for Asia to build on its relative strength and initial Covid-19 recovery by investing in sustainable assets and building a considerably greener future.
(Disclaimer: This article is sponsored and contains commercial links)
How Can A Person Create His Cryptocurrency, And What Are The Benefits Of Creating His Cryptocurrency?
By- Jean Nichols
Bitcoin is the first cryptocurrency, and many people have been inspired by bitcoin, and they started to create their cryptocurrency. Even many people are creating their cryptocurrency. Daily there is a new cryptocurrency that is created daily. In this further, we will discuss the factors required to make our cryptocurrencies are.
What are the benefits of cryptocurrency?
There are many benefits of investing in cryptocurrency on https://bitcoin-loophole.live/ . Because of this reason; there are many people who have shifted from the share market to cryptocurrency for investment purposes and for earning huge profits.
●The primary advantage of cryptocurrency is that the market of cryptocurrency is very volatile and rises and falls very quickly. So just by getting the knowledge, one can very quickly invest in cryptocurrencies.
●The second main advantage of investing in bitcoin is that it is a universal currency. One can easily invest in cryptocurrencies and use Them in any part of the world.
●This is a universal currency, so it is straightforward to make international transactions through it. International transactions take very little time on this platform.
There are some of the other primary advantages too, like less time-consuming, low transaction charges, etc.
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A chart depicting crypsocurrency rates and prices Image source: wikimedia commons
Are factors necessary for creating your own cryptocurrency?
While creating your own cryptocurrency, there are some factors that need to be taken care of before starting work on them.
●The major thing which is required in this is that we require a professional coder who has essential experience. He can help us create our own cryptocurrency by doing satisfactory coding.
●Another thing we need is the blockchain. In the case of the blockchain, we can create our own blockchain, which would cost very high and which would be very time consuming; instead of that, we can use the blockchain of some other cryptocurrency. Now there comes the difference, if we are creating our own blockchain, then it will be known as the coin, and if we are using the blockchain of some other crypto, then it will be known as a token.
●Another major thing required for creating our own cryptocurrency is that we need full-time customer care support, which can handle customers easily.
●Another thing is that we require a proper payment gateway so that we can make the money transfers very conveniently.
●The last factor which controls all the above factors is that we need a considerable investment amount and along with that the investors.
What are the advantages of new cryptocurrency?
There are many advantages of creating own cryptocurrencies:
●The owner of the cryptocurrency can hold a large proportion of the bitcoin on his own, and when the prices of the crypto rise, then he can easily sell the crypto in proportions and can live a luxurious life.
●The prices of the new cryptocurrencies rise; there are no chances of falling down of the bitcoin prices as the new crypto price rises continually as anyone invests in it.
Bitcoin is well on its way to replacing or globalising currency Image source: wikimedia commons
As with the time, a new cryptocurrency should give some benefits to the users:
●It should provide fewer transaction charges as much as possible; this is also the main thing that matters in cryptocurrency.
●The payment gateway should be the best, and there should not be the payments on hold in it; the user hates these types of things.
●Customer service should be the best one and deal with the customers in the best way possible. Because polite customer service can impress the customer and he will recommend others to invest in the cryptocurrency.
Here we have discussed the factors which are very necessary for a new cryptocurrency. There are benefits both to the users as well as to the people who are investing in cryptocurrency. The owner of the cryptocurrency will earn money by keeping the central part of the holdings and sales in it in the future.
The users can earn profits by investing in it initially and sell it in early times as there will be the price of the crypto in the skies. So, this was all about creating your own cryptocurrency; the only problem which arises is that there comes the problem of the funds' collection.
(Disclaimer: This article is sponsored and contains some commercial links)
By- Steve Carty
Blockchain technology has proven over the years that it is here to stay, and one of the infrastructures that it houses is the Binance Smart Chain (BSC). The BSC has many benefits, like lower gas fees, and already has many tokens listed on it. This is why we believe the HUH Token is being created on such a secure and affordable platform.
Apart from affordability and security, the BSC also solves some of the associated problems with the other Blockchain networks. This includes scalability issues that arise during periods of elevated congestion. BSC also has Proof-of-Staked-Authority (POSA), which makes the process less energy-intensive, and faster.
To understand how the blocking technology works, understand the following:
The BSC works in line with the Binance Chain, and it is the network that the HUH Token will be listed on. The BSC network works using the Proof-of-Staked-Authority (POSA); this essentially means that people who work on validating the network usingsome BSC tokens to participate and are compensated with the fees from transactions. The BSC does not work with the BEP-2 and BEP-8; rather, it uses the much faster BEP-20. This architecture is related to ETH-20 Tokens, which implies that they can be easily swapped.
The BSC network has seen a surge in users and prices since it was first introduced. It has gained competitive capacity and become one of the most embraced systems, even rivaling Ethereum.
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The BSC network has seen a surge in users and prices since it was first introduced. | Pixabay
The New HUH Token to be on BSC
The HUH Token is having a lot of effort put into it by its developers. This was why the BSC network was adopted. It means that all the benefits listed – like faster transactions, cheaper gas fees, and easy movement of tokens even during congestions – will also be enjoyed by those who buy the HUH Token. With the growth of the BSC network, the Token will continuously evolve andimprove.
The HUH Token will be using a referral system that will revolutionize the wayan individual can make passive income. By sending out a referral link to friends and family,they can just sit at home wait for the rewards to arrive. We expect this to change the game and the way everyone views crypto.
ALSO READ: Interesting Facts About Crypto Portfolios
When they launch in 2 weeks,they will showcase to the world that the HUH Token willreward both holders and active referrers, and that the reward will be in BNB and in HUH redistribution.
Let's see what the coming days and weeks will bring.
Follow them on their Socials before they Launch:
(Disclaimer: This article is sponsored and include some commercial links)