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OAFVC Blog

How to Understand Your Food Business Competition

Posted by OAFVC on Feb 6, 2019 9:00:00 AM

If you are just starting out in the food business - getting to know your future competition is vital to properly assessing what your company is going to offer. When you analyze and benchmark what your competition is doing or why they are succeeding so well; you can turn it into a strategy that works for your own company.

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Topics: Food Business

Here’s What Not to Do As a Food Entrepreneur

Posted by OAFVC on Feb 4, 2019 9:00:00 AM

There is great advice available on what to do as a food business owner, like create and follow a business plan and network to make connections and new opportunities or if you’re about to become one, it’s crucial to know what not to do. You want to provide the best possible product for your customers and have them coming back often so let’s look into how to make that happen and what pitfalls to avoid.

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Topics: Food Business

How to Expand Into New Customer Markets with your Food Business

Posted by OAFVC on Feb 1, 2019 9:00:00 AM

If you have been running a successful food business and are established in your current market - it’s time to think about expanding into new markets. Expanding into new markets allows you to keep momentum from past success and can help your business survive tough times. A whole new market for your products transfers the quality of your brand, that your customers already love, and entices them to invest more in a brand they already trust.

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Topics: Food Business

How to Become a Better Food Entrepreneur

Posted by OAFVC on Jan 28, 2019 9:00:00 AM

As an entrepreneur, you are probably tempted to take on every role in your food business to save time and money. It is after all your business. As a small business owner chances are your motivation comes from loving doing things on your own terms; determining your work hours and choosing the direction you want the company to grow - so the obvious choice is to get it all done on your own. 

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Topics: Food Business

3 Steps to Sustainable Business Growth As a Food Entrepreneur

Posted by OAFVC on Jan 25, 2019 9:00:00 AM

When you’re just starting out in any business, your start-up capital is a precious and limited resource. If sustainably growing your business is a goal, consider how to create long-term value while not draining your financial resources. . There are a few ways to do it, let’s dive into a few below.

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Topics: Food Business

How to Keep Food Business Costs Low

Posted by OAFVC on Jan 23, 2019 9:00:00 AM

Constantly monitoring margins and costs as a food entrepreneur is a tricky minefield to navigate, especially if your expanding your business. The Ontario Agri-Food Venture Centre (OAFVC) provides small business solutions for every aspect of your business. Let’s take a look at a few ways the OAFVC can help you keep your food business costs low.

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Topics: Food Business

How to Promote Your New Food Business

Posted by OAFVC on Jan 21, 2019 9:00:00 AM

Retailers know that pre-orders are crucial to the successful launch of a product, but how do you as a new, small business food entrepreneur create hype around a product that you haven't launched yet or that you might not have a brick and mortar store for?

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Topics: Food Business

How to Decide Where to Sell Food: Quick Comparison Guide

Posted by OAFVC on Jan 16, 2019 9:00:00 AM

Once you've decided the best way to start your food production business, you've understood all the rules and regulations, applied for the right permits, you've made your product, you have one very important question to answer as a food entrepreneur: where do you sell your product?

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Topics: Food Business

How to Learn the Rules and Regulations for Food Entrepreneurs

Posted by OAFVC on Jan 14, 2019 9:00:00 AM

Starting any business can be overwhelming. It is important to carefully consider the pros and cons of owning your own business. In any industry, there are an abundance of rules you need to know and follow. In the food industry, where your product is consumed by the public, you have an even greater obligation to understand the rules and regulations you must follow as a food entrepreneur.

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Topics: Food Business

How to Create & Maintain Food Brand Loyalty

Posted by OAFVC on Jan 11, 2019 9:00:00 AM

Attracting your ideal customer is important, but retaining that customer is far more valuable. Customer retention will powerfully and consistently increase your food business bottom line.

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Topics: Food Business

How to Beat Your Food Business Competition (You Join Them)

Posted by OAFVC on Jan 9, 2019 9:00:00 AM

It's easy to view business like a competition. But we need to change our thinking from seeing a finite amount of customers from whom we want to gain the largest possible share of their finite amount of spending capacity. Instead, we need to view our competitors in business as collaborative partners, who work together for the common good of all customers and the communities in which they live. As colleagues, companies share business services and resources. The business owners are a mini-community inside the broader, geographical community.

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Topics: Food Business

How OAFVC Provides Product Development Opportunities

Posted by OAFVC on Dec 31, 2018 9:00:00 AM

There are many ways to grow a business, but product development is especially risky. Developing new products requires a lot of time and money, but when it pays off, it keeps existing customers interested and attracts new customers too.

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Topics: Food Business