Search Tips - Right Food Hawker Stall
If you are looking for a food hawker stall space, the first source can easily come from a few sources: NEA (especially on the licensing issue), the property agent and lastly, the stall owners themselves. I would advise new food entrepreneurs to understand the food business you want to be in. That is the most important step so that the following steps for you will be much easier and you can filter out the other things that you do not need to know too much about.
Be Focus on your Food Business
For example, if you already determine the food that you are selling, when you look at the necessary legislation required for the business, you can zoom in on the essential materials you need to be aware of to start the desired food business. At least give a thought on the food menu and the current market condition. The more thought you put into it, the more reason you would give yourself to set up that particular business.
Prevent information Overload
Another reason why you should understand the food you are selling is to prevent information overload. Life is simply too short and there is always tonnes and dozens of things to learn in any line. By understanding what you want to sell, why you want to sell and what is the current local demand, you give yourself the reason and this can sharpen your focus on the things you need to do to get the business going profitably.
Know essential Legislation rules to get Business Going
In every country, there are different legislations to comply in business. In Singapore business, this is no exception. There is always some kind of certificates and license to obtain and certain rules to comply. However, you do not need to know everything! Just need to know the sufficiently enough to run your business. Try not to think too much about the finance first. You can start thinking about that when you are scouting for the information on the legislation as well as seeking for equipment traders or food suppliers.
Sign the right Contract
Another reason why you should learn about the legislation is because you will find that there are some stall owners who would sign an informal lease contract to sublet the stall to you instead of using the official application form provided by the NEA. One of the reasons provided by the agent was because there might be some unnecessary high charges from the law suits due to any early withdrawal or compensation from either parties.
On the surface, it may seem like a good deal for both parties but I think such agreements should be avoided where possible, especially for new food entrepreneurs. It gives lesser commitments from the stall owners who sublet the stall to you and give you the false security of being able to withdraw from the stall without incurring too much costs. I can assure you that they will not make it easy for you to consider that option. Also remember that in any successful business, one should be more far sighted and this definitely does not help in making the business profitable in anyway.
