![]() ![]() If you plan to invite customers into your shop, you’ll need a formal spot with a kitchen and an area for the public. If you’re running a bakery from your home, you’ve already got your space figured out. You won’t make profits overnight, so you need to sit down and figure out when you’ll break even and how much money you’ll need to survive until that time. The equipment will be a one-time hit, but you’ll also need money to live on while the business gets established. Make sure you create a full list of tools. One of the numbers you’ll need to generate is startup cost.You’ll need to compile a list of equipment, from appliances like ovens and refrigerators, to smaller items like utensils and pans. Assess your startup fundsĪs part of your business plan, you’ll dive into finances. It will help you define your business, set goals, find ways to generate revenue, list expenses, identify your customer base, and examine your competition. This will force you to look at the business from every angle. Once you know what kind of bakery you want to open, you need to create a business plan. Picture a space that has both an area to order baked goods and spot to sit and enjoy them. It’s a growing trend in the bakery industry right now. More owners are trying to capitalize on the sit-down and dine option. Whether you run the business from your home or rent a space is up to you. If you plan to specialize in a certain kind of baked good, a specialty service is your best option. With a small commercial space, customers can walk in and pick up baked goods from an employee-managed counter. ![]() With a killer website, pictures of your work, and a way to place an order, you can run it from your home. You don’t need a storefront to open a bakery. From there: take a look at the list below and decide which one is right for you. It’s equally important to do local market research to figure out how national currents will affect your particular location and demographic. Be sure you’re not making this decision in a bubble-you will want to have your ear to the ground on national trends in the industry-remember the cupcake shop craze (and the cupcake-focused reality TV shows) a few years back? But don’t simply take your findings at face value either. To do this, you’ll want to assess your talents, budget, and goals. One of the first decisions you’ll have to make is the kind of shop you want to open. Select the kind of bakery you’d like to open With Michelle and Barbara’s help, let’s get the planning process started. See Also: How I Started a Gluten-Free Cookie Company: With Josh Fegles of Jude’s Foods Running Three Leee Cupcakery from home gives Victoria the flexibility be present to her young family and pursue a degree in business while bringing in income. She focuses on gluten-free and vegan–but you’d never know it to taste them. Most of her customers find her through word of mouth or learn about her business when they taste one her creations at a local coffee shop. She runs her business from home, a cottage industry, in a small village in Ohio. Victoria Roe started baking over a decade ago when she was asked to make a carrot cake for her mother in law’s birthday. Now, she’s preparing to open a storefront in West Los Angeles called B Sweet Dessert Bar. She has outgrown three commercial kitchens since, in part due to her creative business modeling, which includes both a catering service and a mobile dessert food truck. She started in her home, and her business continued to expand. Fed up with the stale muffins that seemed to be standard fare at all of her board meetings, this baker and mother of triplets decided to ditch the business suit and open her own shop in Australia called Three Sweeties.īarbara Batiste was also baking treats at an early age for her close-knit Filipino family, and after years of amazing her relatives with her creations, she decided to turn her love of all things tasty into a business. Michelle Green started baking when she was a teen, but it wasn’t until she was well into her corporate career that she realized baking was her true calling. ![]()
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