Are you an aspiring Food & Beverage (F&B) entrepreneur who is passionate about running your own F&B business? Or do you have a fresh and interesting dining concept that you would like to bring to the local F&B scene?
As 1 in 2 F&B businesses does not make it past the four-year mark1 and 1 in 5 F&B outlets are replaced every year2, it is important to understand the challenges of the F&B business environment and the basics on operational matters. This Start Right guidebook aims to help you start on the right footing, sustain your business, and turn your passion into profits in the long run.
1 Department of Statistics 2018 2 Accounting and Corporate Regulatory Authority, Department of Statistics 2018
Looking to start a F&B business? This guidebook aims to help new and aspiring entrepreneurs start off on the right footing with useful tips, checklists and ideas to shape your business. While COVID-19 has resulted in unprecedented challenges for the sector, it is key for F&B businesses to continue innovating and adapting to stay relevant. Learn how focusing on core business functions such as Human Capital, Workflow Management, Automation, Menu Engineering and Financial Management can bring greater success to your F&B company. Gain additional insights to areas such as Digitalisation, Digital Marketing, Food Delivery and Sustainability as you build your business for long-term success in the new normal.
Catch a glimpse of what to expect as an F&B boss!
Hear founders from The Soup Spoon, Kith Cafe and Jew Kit share their experiences on turning their passion into profits in the F&B industry
Here are some industry resources to better understand how you can get your business started on the right footing.
Access general business guides and utilise various self-help tools in the areas of customer service, human resource capability, and marketing to empower your business.
Refer to a step-by-step F&B startup financial toolkit to guide you through revenue and cost assumptions, estimated startup capital required and breakeven projections when you want to set up your own business.
Participate in regular training workshops and seminars to learn new skills and gain knowledge on topics such as revenue management and improving service quality.
The RAS Mentorship Forum is an accessible platform to encourage knowledge sharing and community support to all players in the F&B industry. Discover useful articles like “Milestones to Kick Off Your F&B Adventure” and get a free copy of the F&B Startup Kit.
Apply to the Restaurant Association of Singapore’s Mentorship Programme for an opportunity to be mentored by respected F&B business owners. The programme matches you with mentors who are keen to share insights and advice to help you find your footing in the industry.
Take up the SGPC package consultancy solutions to craft better menus, design workflows, and manage your finances. Learn how to strengthen these key operational areas to increase your productivity and profits.
Stay updated on the latest case studies and publications for the Food Services sector. Compare your business performance against peers within the sector and receive a preliminary analysis report that recommends suitable productivity initiatives through SGPC's online benchmarking portal.
Sign up for SGPC's workshops and events to learn about innovation and best practices in the food service industry.
Interested? Get in touch with productivity consultants from SGPC.
You can connect with business advisors from one of the 12 SME Centres and receive free one-to-one consultation sessions to help diagnose business needs, facilitate business matching, and networking.
Find your nearest SME Centre to book an appointment.
The Singapore government offers a range of assistance schemes to support our Singapore businesses in their transformation journey and emerge stronger together.
With GoBusiness Gov Assist, you can find relevant assistance schemes with the e-Adviser.