I myself had this business idea and wanted to start my own food truck business since I witnessed how they grew and made revenues (if planned right, of course). Not only this, I had the opportunity to manage one of the organizations that were planning to start a profitable gig of their own. And the food truck idea was at the top of their list, and they did all the research to make it happen. What happened afterward? Their food truck business never saw the light. Why? Simply put, they never had the right plan to start it. What else? They never had the right answer to the question: How To Start A Food Truck Business With No Money?
And I know you are probably wondering that if you have no money, you have no business. Well, this is not entirely true. Let’s go through some ideas that can actually help you, our rising business owner and entrepreneur, learn how to start a food truck business with no money.
Alright, let’s dive more into this.
Here’s how this 2-minute read will follow:
Some Research On How To Start A Food Truck Business With No Money?
I recently enjoyed starting my articles with some figures and numbers that back up my idea. So, I’m doing this over and over again for the food truck business.
These are the exciting figures I came across.
A Deloitte piece on the future of food identified the rise of food trucks as a growing and influencing trend in the food industry since 2018. Also, the report pinpointed that food trucks offer convenient and affordable services to access fresh and high-quality food. That’s why they are booming.
I thought that the idea of food trucks was relatively new. However, this related article proved me wrong. The report pointed to the origins of food trucks dating back to the early 1900s, which was very surprising to me. They haven’t remained the same, of course. Social media and the rising demand for convenience have changed how food truck businesses operate.
That’s it regarding the research. I think I have done my homework.
How To Start A Food Truck Business With No Money?
“No money” does not mean the literal meaning of penniless. You will still need some cash to get this going. There are some affordable and low-cost options that you can consider to kick-start a food truck.
A Cart or Stand Can Do A Perfect Similar Job
A cart or stand is a far less expensive investment compared to a full-fledged food truck and will still do a perfect job. This gives you the chance to start with less capital. Carts and stands have other perks other than the low price. They are smaller and more portable than food trucks, and you very much need this convenience at the start of your business. Carts will allow you to maneuver and stand in different locations. Also, if you plan to take all the available chances to show your business, carts will allow you to cater to festivals and other similar pop-up opportunities.
If you are wondering where you can find these, it’s easy. Used carts and stands are available online through Craigslist, Facebook Marketplace, and online restaurant equipment suppliers.
DIY – All You Possibly Can
What are possible things that you can DIY in your food truck business?
Your own branding and marketing materials! This reduces your upfront costs compared to hiring professional agencies that require huge capital now. This gives you more control over your brand identity and messaging. I don’t want you to think that this is a hard job to do. There are many online courses and tutorials that can guide you through the whole process of creating your own logo, website, and social media content. There are some free design tools and templates all over the internet, too.
I need to remind you, though, that creating your own brand requires some time and effort to get the results you need.
Finally, How Can Albusi Help You With Your Food Truck Business?
If you have made it to this last part of this post, then it’s either because I am a great convincer or because you were already into the argument and needed some extra insights. Either way, you are interested and would like to know more or get more help to start your own food truck business.
First, I strongly encourage you to check out these very related posts about the food industry. A food truck can sell many things, and these might give you some new or innovative ideas. This one gives a general idea of a pitch deck prepared for a food business with some hands-on guidelines. Also, skim through this or this to dive into other food business ideas that you can consider. Both pieces can add a lot to you, and they are only 2-minute reads.
In addition to these, we have many other downloadable pitch decks and business plan templates on Albusi’s website that serve as excellent guidance to prepare business tools for your food truck business. We also build your own! The Albusi team can craft a one-of-a-kind pitch deck just for you! This is another exceptional service to entrepreneurs that you should check out.
Another thing that you will need in any food business is experience. So, if you need to talk more about your idea, you can come to one of our freelancers. They will help you with everything you need to plan for your business. They are great at pitching and will help you with the tweaks you need to pitch your idea to others, too.
Meet The Author Of This Article
I’m Jenny Ayman, a project manager in the development field with specific knowledge and experience in capacity building and entrepreneurship programs. I aspire to transfer the hands-on experience I gain in my professional career through writing.
Also, if you need help planning your business, I recommend checking out some of our freelancers’ business plans or pitch decks!