Businesses have taken a toll with the recent pandemic, and multiple economic states have been fluctuating. The various uncertainties have forced entrepreneurs to re-strategize and widen their network and ventures to prepare for unforeseen circumstances like COVID-19. As a result, some have shifted to online marketing, while others have, surprisingly, looked into the food industry.
The food industry has always thrived, although it did take a short drop at the start of the pandemic. However, related business ventures quickly rose back up. Moreover, since going out has become a novelty, people started having everything from supplies to meals delivered to their homes. Thus, the food industry got back on its feet.
A Glimpse of the Numbers
Let’s look at the statistics the food industry faced to assess its viability as a business endeavor fully. First, despite the pandemic starting around early 2020, the global food market experienced an increase of 500 billion USD in revenue, amounting to 8.27 trillion in total by 2021. Additionally, the Statista Consumer Outlook predicts rapid growth in the industry over the coming years, estimated at around 11.1 trillion USD in five years. So, it is clear that the dip in the numbers garnered by the food industry quickly recovered and catapulted to higher values and will continue to grow.
If setting up a food establishment in Texas is a possibility you are considering, you will be pleased to know that the numbers are in your favor. The revenue of food manufacturing in the lone star state is projected to reach 43.3 billion USD by 2024. In 2020, the employment rate of foodservice jobs was a whopping 10% of Texas’s overall employment percentage. By 2030, experts believe these figures will only grow exponentially, proving to be a lucrative business endeavor. The state is also one of the leading areas in the US, with a top count in ranches and farms for fresh produce.
How The Food Industry Keeps Thriving
Admittedly, several industries and the economy took a massive dip during the surge of the pandemic. It also did last for a few months, but the food industry quickly turned things around. Moreover, with the rise of e-commerce and business model innovations, recovery was almost inevitable.
The enhanced online payment methods paired with the convenience of instant deliveries propelled the food economy to what it is today. Although, even without the aid of a few technological advancements, physical food establishments still manage to succeed. This can also all be accounted for by people’s attachment to delectable cuisine. Aside from our need to eat to survive, there is a deeper emotional hold that meals have on us, causing most to find novelty and enjoyment in indulging in different cooking.
Food Business As A Starting Point
One of the most extraordinary things about diving into the food industry is that there are multiple entry points. The world of cuisine has an incredible range, and there are several ventures you can dip your toes into, and the options are endless. However, the business endeavor does not have to stop there.
Pursuing a food industry business, whether opening a restaurant or selling and delivering drinks, is often the first step most moguls take before they expand their horizons. This is evident in many celebrities and public figures. Most of the time, their first investment is in a business filling people’s stomachs. Only after will they move on with other unrelated pursuits.
Business-savvy entrepreneurs know that you shouldn’t put all your eggs in one basket. Instead, you should dream big and invest in many different ventures to multiply your success and create an enterprise. Texas is an especially ripe state that can host numerous establishments, and the large population guarantees a vast market for almost anyone. So, it almost seems like starting a food business and growing from there is a great formula to follow.
How the TABC Seller-Server Training Program Can Help Build Your Empire
The TABC seller-server training program is a wonderful initiative of the state of Texas wherein those who undergo their extensive course acquire a certification. Possession of a TABC merit teaches staff and crew how to sell and serve alcohol properly.
The state-approved course reinforces the rules and regulations of alcohol sales in Texas and is available both online and in traditional schools. With this certificate, entrepreneurs can ensure quality service and products, as well as prevent violations in the business from occurring. Additionally, TABC certification increases trust between boss and employees and between establishment and customers. On top of that, you only need to spare two hours to gain this asset.
So, why is getting into the TABC Seller-server Training Program beneficial for a food business and an entrepreneur hoping to branch out? First, it establishes credibility and encourages quality service and permission to distribute alcohol, a popular drink many enjoy. Second, businesses can slowly but surely make a good name for themselves by starting here. Then, while amassing success, they create a trustworthy reputation and enough funds to venture into other operations. Finally, as they begin other pursuits, it will be easier to gain consumers, possibly from previous clientele or by word of mouth.
So, Is Tapping Into The Food Industry Worth It?
After considering all of these, pursuing a venture in the food industry looks like an excellent idea. Whether it’s a lone operation or a stepping stone into multiple businesses, there is a space for anyone who wants to do food. There is also a broad market for consumables, even if your business model might seem unique or unpopular. That reason alone makes Texas an ideal starting point for a culinary enterprise with its large population.
The food industry has been, and always will be, a lucrative aspect of our society. You just have to play the right cards. Additionally, starting a food-related business in Texas is a less risky move compared to beginning elsewhere. Furthermore, the state is highly conducive to multiple types of companies. Finally, to up your game and eventually grow your operation, taking the TABC seller-server training program is an essential asset that will only benefit you in the long run.
Source by www.insightssuccess.com
