How Can Start Tiffin Service Business Plan

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1. INTRODUCTION

Planning for a business related to Food industry is always a profitable business, as it’s a basic need of life. So food packed product, hotels, restaurant, bakery shops, etc. are from same business sector but this need large investment to start. So this article suggest low investment tiffin service business plan which belong to food industry and have large potential to earn. Each city have people (Employee), students who are living in hostels, rental house and do not cook food. So some of Tiffin service provider help those people by providing cooked food on daily basis at reasonable price. Some of service provider drop tiffin box to the home other provide from their home (No delivery). So this is successful business model to earn money from home and run by multiple people to live good life.

2. CASE STUDY OF TIFFIN SERVICE BUSINESS MODEL

First of all I like to differentiate this business case study into three category

1. # Home Based
2. # Part Time Tiffin Service
3. # Professional Tiffin Service

• Home Based: This type of Tiffin service provider are running from home and have very limited resource they are fully dependent on this work. They have limited resource like provide Tiffin to the student or job professional by delivery of box to their living area. They could not reach to multiple area of city. Due to limited resources are cooking facility, labour boundation, this category of food service is limited to few number of customers. But they are highly dedicated for their work as they have single source of earning by this business plan only.
• Part Time Tiffin Service: People who are in job and have space in their house to manage this business can do this work by hiring labor and cook. So their attention is partial as hired people take of work and management of things is done by owner. Some of limitation of this work is dependency on staff, limited resources, limited market to earn (As this model is not reachable in whole city). Here owner can earn good money by increasing food quality as he has multiple source of income. So quality food attract more customer which directly increase its profit.
• Professional Tiffin Service: This type of tiffin service category people are highly dedicated and fully professional. They have multiple choice to the customer like various range of tiffin box (one time, two time, Special meal, etc). They have good number of full time staff, have good market place to provide food per plate. This type of tiffin service provider have potential to serve throughout the city. So good quality food is serve by them at marginal cost.

3. TIFFIN SERVICE MARKETING PLAN

Any business need publicity and this publicity should be planned otherwise business get in loss. Some of marketing strategies are:

• # Contact nearby hostel owner and put your banner/ leaflet so students can contact.
• # Contact rental house owner house owner who
• # Register in social network platform be active join some of active group where large number of local student are present, job seekers are present.
• # Contact local ob providing agency to contact new customers.
• # Show presence in large organizations like college, school, industry, etc. list.
• # As Covid 19 alert world for hygiene so always clean tiffin box, delivery boy dress, provide hand gloves, hair cover, mouth cover, etc.
• # Reach coaching institutes to promote your business.
• # Sponsor cultural activity in surrounding school, college, colony, to promote your brand.

4. SWOT OF THIS TIFFIN BOX BUSINESS IDEA

i) Strength

• # Very low investment in business
• # Easily availability of new customer
• # High profit for good meal

ii) Weakness

• # Anyone can start this business from home
• # Other may provide low cost tiffin box

iii) Opportunity:

• # When people distribute Food Packet in the religious activity
• # New student and job seeker visit cities

iv) Threat:

• # Low cost tiffin reduce margin and increase chance of heavy losses
• # Staff may destroy customer trust
• # Cost of raw food increase but you can’t increase your daily meal price
• # Need labor and punctuality in work on daily basis, so no long holidays 

5. OPERATIONAL PLAN OF LANGUAGE TRANSLATION SERVICE (BUSINESS)

Facilities and Space: One separate room in home/shop/Kitchen

Equipment / Technology: Tiffin Boxes, cooking utensils,

6. WORKING POLICY:

1. # Security Deposits / Advance / Token before start of tiffin box
2. # Discount to customer in form of commission / publicity
3. # Calculation of food packet as per meal quantity
4. # Transparency of work for staff
5. # Release of security terms and condition
6. # Charges as per type of meal/ lunch/ dinner
7. # Define Working flexibility

7. FINANCIAL PLAN

Manpower, Electricity, Rent, Transport (Cycle, Scooter), Tiffin Box.

Some of Basic question one should find before they start there work are:

1. # Target audience? (Salaried, student, Children, Age)
2. # Tiffin Box delivery system? (Home Delivery / Counter / Online)
3. # Pricing calculation as per type of meal and number of days?
4. # How much money one should take as advance/token against any service? How to calculate it?
5. # How to maintain customer when bulk requirement generate?
6. # Digital marketing support of work?
7. # What to put in websites to create profile as a beginner?
8. # How to increase team of other home based Tiffin service provider?

Get answer of above question from industry people of same domain by paying 6$ or 450 Rs.

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