With a perfect bakery business plan and excellent baking skills, one can kick start her bakery business and make fruitful profits. A perfect plan is one of the most crucial things when starting any business. Here are a few things to let you know how to plan before staring a home bakery:
Before beginning any business, one must decide the target audience,
i.e. for what type of audience are the bakery products geared towards.
Are they for little children who enjoy eating freshly baked items or are
they meant for adults who throw a dinner party for their friends?
The way you establish the home bakery depends on the budget. Decide
what amount you are willing to spend for starting the bakery business.
Depending on the budget, plan the equipment and items to be purchased.
The minimal items that are required to start a bakery are mixers, ovens,
display cases, cooling racks, baking dishes, wrapping material, boxes
Plan for separate kitchen space for baking the food. The rules and
regulations of many states do not allow cooking items for commercial
purpose from one's personal kitchen. Following good sanitary practices
is also a must.
Research about the Market
Before you actually begin the bakery, spend sufficient time doing
research about the different similar type of bakeries. Check for the
number of items available, the cost of different items, quality of the
items, etc. Also, find out what has been the hot selling baked goods and
what has not been commonly available in most stores (but is asked for
by customers). This will help you create a plan to distinguish yourself from the competition.
Collect information about different retail and wholesale shops. Find
out the rates of food commodities at different stores. Buying bulk items
from wholesale shops can work out to be cheaper. You can get quality
products at a lower price.
Baked Goods and Prices
List out all the items that you would like to serve in the home
bakery. Write down the commodities required for each item and their
prices. Calculate the cost of making each item and decide the price of
each item. The price must not be too low that you hardly make any
profits, nor too high that no customer would buy it. Fix the charges so
you get paid enough for all the time and effort you have put in. No
business flourishes without aim and a proper target. Fix the target for
each week and increase it as the business begins to grow.
For any business to flourish, it must be known to a large number of
people. Before starting the bakery business, it is a must to plan
building the social network, and introduce the bakery to wider range of
Licensing the Bakery Business
Many states require licensing of the home bakeries. Hence, obtaining a business license to your home bakery must be planned in advance. Some states also require inspection of the bakery by health departments.