Can you turn flour, egg, yeast etc. into something that is quite great to taste? If Yes, do you make stippends or good cash from it? Or Have you thought of making extra cash from this great gift of yours? Well, if you are not making money from it, then you’re probably have not harnessed all the fruit your gift comes with.

If you’re ready to turn your talents into a profitable bakery, you’ve come to the right place.

This guide is meant to give you all the ingredients you need to plan, start, and grow a successful bakery.

To get your piece of the pie, combine these tips with your impressive baking talents and you’ll be on your way to success.

Select the kind of bakery you’d like to open

Before you start your journey of becoming a billionaire, you first need to choose your area of specialization. the kind of bakery you’d like to open is one of the foremost decisions you’ll have to make. To do this, you’ll have to assess your talents, capital, and goals. Be sure you’re not making this decision in a bubble—you will want to have your ear to the ground on trends in the industry—remember the cupcake shop craze?

It’s important to do local market research to figure out how national currents will affect your particular location and demographic. From there: take a look at the list below and decide which one is right for you.

Online. You don’t need a storefront to open a bakery. You can start out online. With a killer website, pictures of your work, and a way to place an order, you can run it from your home.

Counter service. With a small commercial space, customers can walk in and pick up baked goods from an employee-managed counter.

Specialty service. If you plan to specialize in a certain kind of baked good, a specialty service is your best option. Whether you run the business from your home or rent a space is up to you.

Sit down. More owners are trying to capitalize on the sit-down and dine option. It’s a growing trend in the bakery industry right now. Picture a space that has both an area to order baked goods and spot to sit and enjoy them.

Write a business plan
When you are done making up your mind on the type of bakery you want to open, next up is to create a business plan. This will force you to look at the business from every angle. It will help you define your business, set goals, find ways to generate revenue, list expenses, identify your customer base, and examine your competition.

Assess your startup funds
As earlier mentioned, start up cash or capital is another key thing you need to fix. You’ll need to make a list of equipment, from appliances like ovens and refrigerators, to smaller items like utensils and pans. Make sure you create a full list of tools. The equipment will be a one-time hit, but you’ll also need money to live on while the business gets established.

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.

Find A Space – If Necessary
If you’re running a bakery from your home, you’ve already got your space figured out. If you plan to invite customers into your shop, you’ll need a formal spot with a kitchen and an area for the public. Some bakers decide to rent out commercial kitchen space only. It’s a good option if you don’t want customers to walk through your shop, and just need a bigger, more equipped kitchen.

Whatever your needs, be picky. Shop around, compare prices, talk with neighboring businesses, and research the area to make sure you find the right space. Do not forget to consider the legal necessaries—such as obtaining a license to bake out of your own kitchen.

Wherever you decide to run your bakery, be sure to think through the pros and cons and their related costs.


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