Nothing smells (or tastes!) quite as delicious as a
freshly baked loaf of bread bakery business in Nigeria
straight from the oven. So it's hardly surprising that
bakery businesses flourish no matter what the
economic conditions - bad times or good, people still
need their daily bread bakery business in Nigeria.
But running a successful bakery requires more than
just good bread bakery business in Nigeria-making
skills. As a business owner, you also need to have
the necessary skills to establish and maintain a
business, so let's look at the most important points
you will need to start a thriving and popular bread
bakery business in Nigeria bakery business.
1. Qualifications. You need to have the appropriate
bakery qualifications. While you may be a whizz at
creating a gorgeous sourdough in your home bread
bakery business in Nigeria maker, those skills won't
get you far in a commercial bakery. Quality bakery
courses not only teach you how to make mouth
watering bread bakery business in Nigerias and
pastries, they also teach fundamental business skills
to equip you for the real world.
2. SWOT. Whether you are going to start a bakery
business from scratch, purchase an existing business
or buy a franchise, you'll need to do a SWOT -
Strengths, Weaknesses, Opportunities and Threats -
a***ysis. You may need to discuss the legal aspects
with a solicitor as well as consult an accountant who
will help you formulate strategic plans and forward
projections to assess estimated current and future
costs and profits.
3. Location, location, location. Running a thriving
bakery business requires a steady stream of regular
customers. Look for newly established or newly
developed suburbs, high traffic locations, and little
competition. Also look at areas that may not be well
serviced, like industrial estates or high density office
blocks where you can draw eager customers.
4. Cash flow. Most business advisers will tell you that
you need enough available cash funds to support
your enterprise for at least 3 months. Set up costs for
a bakery can be considerable, particularly if you are
starting from scratch, so you need to factor leasing
costs for equipment, shop rental, staff wages and
food preparation costs into your budget. Know how
much it is going to cost you on a weekly basis for the
first 3 months and ensure you have sufficient liquid
funds to cover all outgoings.
5. Equipment. The quality and size of the equipment
for buy or lease will be determined by how big your
bakery is going to be, how many customers you
have forecast on a daily basis and, of course, the
amount you have to spend. Don't over-capitalise on
equipment at the outset if you can't afford it. Look for
good quality, pre-owned equipment or a satisfactory
leasing agreement for the time being until you are
well established.
6. Pricing. Your pricing depends on a number of
factors, so it makes good sense to consult a business
adviser or accountant to help you at the outset. Your
prices need to be set at a rate that provides you with
an acceptable margin but not so expensive that you
drive customers away. The prices will also be
determined by the quality of your produce.
7. Products. The quality of your bakery goods can
make or break your business. A bakery business
relies on a high turnover to make a profit, so it's
important you research your market demographic to
assess what type of bakery goods are likely to sell
well. For example, are you located near schools?
Factories? Retailers? The type of customers you
expect to service will help you determine the type of
products you bake.
8. Marketing. A clever and responsive marketing
campaign can get your bakery business up and
running in no time. You can start advertising before
you've even opened the doors with a letter-box drop
or pamphlets delivered in local neighbourhoods.
When you initially open for business, use special offer
coupons or provide samples of your bread bakery
business in Nigerias and pastries to encourage higher
sales and plenty of returning customers.
9. Décor. Although the quality of your bread bakery
business in Nigeria bakery is more important than the
quality of your décor, it's important to make your
customers feel relaxed and comfortable. Covered
display cases which present a yummy assortment of
delicious pastries and bread bakery business in
Nigerias will encourage patrons to come back time
and time again. And while it goes without saying,
clean, hygienic surroundings are a must.
10. Staff. As they say, a smile is worth a thousand
words, so encourage and train your staff to be as
pleasant and helpful as is possible. A happy customer
is a customer who will keep on coming back.
If you get the fundamentals of your bakery business
established from the outset, you can build a thriving
business that is a recipe for success for both you and
your customers.

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Op , apart from buses for distribution, what's the financial budget for bakery business ?