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Hey Everyone,
This is my first thread, and I would like to ask for advices from experienced entrepreneurs.
I'm about to start my own LLC in Hungary, and the company's main profile is going to be vending biodegradable food boxes, straws and cutlery, for local restaurants.
I did a lot of research, and according to the results, this niche would be very promising and would allow me to work with around 40%-50% profit margins, and due to the new EU regulations, that recently banned one-time usable plastic, it is in our favor.
I already have the warehouse location, where the goods will be stored, but there are unexpected obstacles -as it happens to anyone-, for example recently I just received an information, that these products need to be inspected and registered, because they make contact with food & beverages.
What advices do you have, so that these unexpected obstacles can be "expected" (if this sentence even makes sense), so that I could be more aware of the legal things?
Of course I am continously doing research about the process, but I feel like I can do anything, but later in the company's life I could face difficuilties about the legal part of the project.
Thank you very much for your responses in advance!
MB
This is my first thread, and I would like to ask for advices from experienced entrepreneurs.
I'm about to start my own LLC in Hungary, and the company's main profile is going to be vending biodegradable food boxes, straws and cutlery, for local restaurants.
I did a lot of research, and according to the results, this niche would be very promising and would allow me to work with around 40%-50% profit margins, and due to the new EU regulations, that recently banned one-time usable plastic, it is in our favor.
I already have the warehouse location, where the goods will be stored, but there are unexpected obstacles -as it happens to anyone-, for example recently I just received an information, that these products need to be inspected and registered, because they make contact with food & beverages.
What advices do you have, so that these unexpected obstacles can be "expected" (if this sentence even makes sense), so that I could be more aware of the legal things?
Of course I am continously doing research about the process, but I feel like I can do anything, but later in the company's life I could face difficuilties about the legal part of the project.
Thank you very much for your responses in advance!
MB
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