It's estimated that up to 30 percent of all new restaurants fail within the first year of business. Furthermore, it's estimated that of the restaurants that are still operating after the first year, about 30 percent will fail within the second year of business.
Knowing these alarming numbers, many would-be restaurateurs have opted to own a different type of service business — a food truck. Low overhead, comparably low up-front costs and the ability to pick up and literally drive your business to your potential customers are all big draws to owning a food truck. Yet food truck owners shouldn't be fooled — operating a truck is hard work. There are the long hours, the paperwork and permits to legally operate your business and, most importantly, ensuring your product is quality.
While the food truck business is currently a $1 billion industry — and is growing fast — even with the fast growth, owners still need to go beyond just offering an exceptional product to survive and thrive. Here's a look at five ways food truck owners can go the extra mile for their customers, thereby gaining a larger competitive advantage over their competitors:
The food truck industry is on the rise, as people prefer fast, convenient and inexpensive food as opposed to traditional sit-down restaurants. But it's not easy running a food truck operation. It takes hard work, creativity and the will to work long hours. So how are you going the extra mile for your customers?
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