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Corned Beef, a beef based of
prosessed food product |
The first step in starting a food processing business is to have a food product concept or idea. The concept or idea can be either a particular product or a new and innovative processing method. The idea or concept doesn’t have to be perfect to begin with. You just need to just get started on something. Your original idea or concept will probably change several times as you develop your business plan and get to know the business. So just start with any idea and move forward. |
| Potato Chips, one of possible options |
Your idea could put more people to work and you may be the kind of person this country needs to compete in world
markets and maintain its standard of living. Your idea may be the cutting edge of the future. In general,
food products with just a different flavor do not have a high
success rate because they can be easily matched by spice companies. Anyone can go into a store, buy your
product and match the flavor within a matter of weeks. On the other hand, the restaurant trade is always looking for
food products that they can just heat and serve.
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Canned Fish, a fish based of
prosessed food product |
They may have an interest in a new
food item. Just start with a concept or idea knowing it does not have to be the ultimate idea. Remember that ideas are “a dime a dozen”. This means that your idea for a new
product is not the key to
success. I agree you have to have a good idea but companies with good ideas fail all the time. You have to have knowledge of the
business, certain skills necessary to run the
business, have family support for the first 3-5 years to get your
business off the ground. Perseverance and some luck are also needed. All of these things will have to flow forward over the first few years of your
business.
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