Writing the plan forces you to meticulously analyze every aspect of your business — from how often you need to order supplies, to the daily quantities you need to bake. Write a description of your bakery. This will be the "Company Overview" of your business plan. Include details about how you started it or plan to start it.
Basic sheet cakes, tiered cakes and miniature versions can steal the show with elaborate decorations and yummy goodness. Those individuals with a knack for baking delectable and beautiful cakes may find opening their own cake business a rewarding experience.
Though certainly not a piece of cake, opening your own cake business can help you explore your passion while cooking up profits. Create a plan for your cake-making business.
Provide a detailed overview of your business, lay out future plans and provide details related to the potential profitability of your cake-making business.
Pinpoint your target market and decide on the types of service you will offer, such as wedding cakes and catering services.
Include details related to equipment needs and financing requirements. Small Business Administration for additional help developing a business plan. Develop a name for your cake-making business and determine how you wish to organize the company.
Sole proprietorship, limited liability company and general partnership represent a few of the options for business organization. Find a location for your cake-making enterprise. You can start a small start-up from your own home kitchen. This works well for part-time operations and those that focus on a niche market, such as wedding cakes.
Speak with local restaurants and ask them about the cost associated with renting out kitchen space during nonbusiness hours, in lieu of working from the home or renting a formal retail space. Check out retail storefronts if your plans include a retail space for displays and walk-in purchases.
Obtain the necessary permits and licenses. Check with your local health department to obtain a health board permit. Home-based cake businesses and retail-space cake businesses need to demonstrate cleanliness and meet all necessary requirements to obtain a health permit.
Contact the Department of Taxation for your state.
Ask about the requirements for sales tax payments and collection requirements. Seek out marketing and advertising opportunities for your cake-making business.
Build relationships with those in similar fields and with those that could use your services. Network with wedding planners, event planners and caterers.
Offer discounts for referrals and remember to reward those who recommend your services with similar recommendations and praise.
Attend local and regional industry expos that feature food, wine or cake. Set up a booth to market your own business or use the time to network.Essential tips and advice on how to write a business plan to grow your business.
A business plan is a written description of your business's future, a document that tells what you plan to do and how you plan to do it. If you jot down a paragraph on the back of an envelope. When you might have acquired the necessary skill required to start a cake decorating business, the next thing to do is to write a comprehensive business plan that will comprise the A-Z of starting a cake decorating business.
How to Write a Bakery Business Plan: Software or Business Professional? No need to worry about your lack of business school credentials.
For example, perhaps you want to be a modern, chic cake business catering to a high-end clientele, or you want to start a cottage industry cake business from your home and offer rustic homemade cakes for birthday parties.
Write it all out! This will help distill your vision and strengthen your eventual brand. Photo via Coco Cake Land. 3. Related: More business plan articles More from Entrepreneur In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.