Part 6/8:
A thorough understanding of finances is paramount in ensuring the longevity of your business. Many pizza startups falter because they fail to account for all expenses, including taxes, insurance, employee payroll, and food cost beyond just the price of ingredients.
Setting clear budgets and profit expectations before entering the market is crucial. Pre-organized events allow you to predict income and plan accordingly, which is often more advantageous than relying on variable sales at farmers' markets.