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Tips for Operating a Soup Business from Home

By Edited Jun 15, 2015 0 0

Soup often provides a comforting meal in the winter months during the chilling outdoor cold. However, several chefs and individuals have been able to extend their desire for soup during all seasons by introducing cool and cold soups perfect for the warm, summer months. In fact soup has become a four billion dollar industry. Becoming a part of this industry is possible for almost anyone since you can start a soup business from home.

Write a business plan. Analyze the current demand and availability of soups in your community and surrounding area to ensure operating a soup business from your home could be profitable. Detail your plans for how to start and operate the business by including information about financing and marketing the business in your plan. Make sure that the information you put in your business plan is accurate and proves your business can be profitable, since most banks scrutinize the business plan prior to approving funding for a new start-up. For assistance in drafting your own plan for your home-based soup business, visit the website of the U.S. Small Business Administration.

Find funding. Visit with a loan officer at a bank or credit union about the possibility of receiving a loan for your soup business based on your business plan as well as your personal credit history and score. Know that you may need to take time to fix any problems on your credit report and raise your overall score before applying for a loan. Take on a partner for your business who has access to credit and is willing to provide it if you don't want to wait on approval from the bank to start your soup business. Understand though that with the latter you will be required to split the profits once your business is in the black. Consider funding the start-up of your home-based soup business on a shoestring budget if you don't want to take on any loans or a partner.

Register your business. Check with the local zoning board to ensure it is legal to operate a business from your home, and obtain a license from your city or county government to do business at your physical location. You also need a food license which requires registering with the health department and undergoing an inspection of your home to ensure it is safe to produce soup. Register your business on the state and national level by completing the sales tax form required by the state department of revenue and the employer identification number (EIN) form from the Internal Revenue Service.

Develop your recipes. Create your own soup recipes that make your product unique and stand out from the competition. Decide whether you will sell soup as a dry mix or already made. Make sure that you get your recipes copyrighted through the U.S. Copyright Office. This prevents your competition from stealing your recipes and profiting from them. Send your soup to a food nutrition lab for analysis, and create nutritional labels for the soup packing based on the analysis.

Obtain supplies. Get the ingredients you need to operate your soup business from your home by purchasing the ingredients at a wholesale or bulk food store which provides large quantities of ingredients for a much lower price than a traditional grocery or retail store. Find a manufacturer of bottles, jars or whatever other packaging you choose to use for your soup. Make sure to affix your nutritional labels to the packaging before distributing as well as buy shipping supplies that will transport your soup from your home to your customer's home.

Promote and sell your product. Create a website that allows customers to view and order the different types of soup your business offers. Set up sample taste tests at events in your local community such as fairs, farmer markets and food show. Contact local grocery stores and inquire about selling your products in their store.



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