{"id":13720,"date":"2022-01-25T00:23:00","date_gmt":"2022-01-25T00:23:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=13720"},"modified":"2022-05-20T10:28:57","modified_gmt":"2022-05-20T10:28:57","slug":"bakery-business-how-to-start-a-lucrative-home-based-bakery-business","status":"publish","type":"post","link":"https:\/\/businessyield.com\/business-ideas\/bakery-business-how-to-start-a-lucrative-home-based-bakery-business\/","title":{"rendered":"BAKERY BUSINESS: How to start a lucrative home-based bakery business","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"\n

Bakery Business<\/strong><\/h2>\n\n\n\n

Bakery business is an establishment that sells baked food typically cake, bread, pies, cookies and pastries, baking business is cost-effective and are enormously captivating.<\/p>\n\n\n\n

Are you that persons who bake\u2019s killer breads, cakes, pastries etc and you intend to make money out of it?<\/p>\n\n\n\n

Look no further.<\/p>\n\n\n\n

The Introduction to Bakery Business<\/strong><\/h2>\n\n\n\n

Baking is the cooking of food by dry heat in an oven in which the dry convection heat is modified by steam. There are three methods of baking:<\/p>\n\n\n\n

  1. Dry baking<\/li>
  2. Increased Humidity baking<\/li>
  3. Main Maire, this is baking food in a container of water and allows the food to cook slowly.<\/li><\/ol>\n\n\n\n

    Baking business is broad that is why it\u2019s salient to have a survey of the market and what it will entail to start up, this would include cost of equipment\u2019s, advert and lots more.<\/p>\n\n\n\n

    Secondly, before you get started into any baking business you must know your niche and create a profile for yourself that stands out.<\/p>\n\n\n\n

    There are pros and cons of baking business.<\/p>\n\n\n\n

    Pros<\/strong><\/p>\n\n\n\n

    1. It is high in profit and less expensive to start.<\/li>
    2. You can start small and from the comfort of your home.<\/li>
    3. It encourages creativity.<\/li>
    4. Faithful customer: A tasty product sells itself, keeps your client and increases your customer base.<\/li>
    5. Viable Market: not many can resist the aroma of a freshly baked pastries, bread, cookies etc.<\/li>
    6. Possibility for Growth: you might not expand the size of your bakery but you can increase the number of different baked products.<\/li><\/ol>\n\n\n\n

      Cons<\/strong><\/p>\n\n\n\n

      The baking industry is a multi-billion dollar business yet it has its grey areas.  <\/p>\n\n\n\n

      1. Product elasticity: if you do not sell they perish because they do not have a long shelve life. <\/li>
      2. Competition: the industry is flooded with the good the bad and the ugly, and diverse bakeries. However, with a feasible and workable plan you can grow your business from zero to hundred.<\/li>
      3. High cost of equipment and ingredient. There is no guaranty that you will sell daily or make production cut and yet you will still need cash at hand to make fresh goods available every day.<\/li>
      4. Working Hours; the times for production are usually the times most people are still in bed. The work is tedious when you don\u2019t have enough equipment\u2019s to suffice.<\/li>
      5. Regulation: any food production company goes through lots of scrutiny and you are expected to scale the health and safety inspection at your production house and sale house.<\/li><\/ol>\n\n\n\n

        You will also need certification proving your skill as a baker but not every baking business is exposed to this exploration.<\/p>\n\n\n\n

        The success of the baking business is dependent of the quality of the baker. I will mention 5 good qualities of a baker.<\/p>\n\n\n\n

        1. A good baker should be well grounded in their niche.<\/li>
        2. They should have expert knowledge on products and ingredients, and their differences, preparation process and costing.<\/li>
        3. A baker should be creative which means that they should regularly come up with new recipes and innovations.<\/li>
        4. He\/She baker should be conversant with the reactions of products when they are mixed together.<\/li>
        5. Lastly, a good baker should be able to experiment with flavors because baking is a combination of art and science.<\/li><\/ol>\n\n\n\n

          How to Start a Bakery Business From Home<\/strong><\/h2>\n\n\n\n

          Homes baking business has been around for a very long time and before you decide to turn that passion or desire as a newbies into a profit making venture there are a few pros and cons you need to know about the industry.<\/p>\n\n\n\n

          Pros<\/strong><\/p>\n\n\n\n

          1. Who doesn\u2019t like home baked bread, cake, pastries or cookies, there\u2019s always a market for hot freshly baked products.<\/li>
          2. As long as you have a kitchen home baking business is easy to start with the right baking knowledge.<\/li>
          3. Putting creativity and uniqueness into your baked goods is a huge advantage of home baking.<\/li>
          4. You can sell locally or online it all depends on the baked products, shelve life and the propensity for it to be delivered.<\/li><\/ol>\n\n\n\n

            Cons<\/strong><\/p>\n\n\n\n

            Every industry has its drawbacks home bakery business is not left out.<\/p>\n\n\n\n

            1. Food business comes with health regulations and each state has its laws that governance the health department as regards food sale items.<\/li>
            2. If your demands grow you will like have to move your production to a bigger location.<\/li>
            3. Competition is high and you will need to put extra effort if you intend to succeed in the industry.<\/li>
            4. You will have to sell more products in other to meet your income goals and expenditure.<\/li>
            5. You might be required to have separate equipment from the ones you use in your kitchen and also a separate kitchen, this regulation is placed in some state.<\/li><\/ol>\n\n\n\n

              In addition, before starting a home bakery business you should have the knowledge of safe food preparation and baking skill, for example if you have any kind of nuts in your baking you will need to warn your customer in cases of allergic.<\/p>\n\n\n\n

              Having knowledge on retail service is advantageous, research and understand the flaws and success of your competitors it will gain you edge over the lots. Lastly, be prepared for regular visit by the state health inspection team.<\/p>\n\n\n\n

              10 steps to setting up a home bakery business<\/strong><\/p>\n\n\n\n

              1. Choose the products you what you want to bake<\/li>
              2. Research the laws and regulations of your state base in respect to food service business.<\/li>
              3. Procure the needed license and permit your business needs to kick off, this is provided by the state and information regarding the obtaining process are online.<\/li>
              4. Tax: you can get your sales tax permit online and they are free dependent on your state or country of operation, its important that you find out if you are to collect sales tax on your product, this information will be fashioned by state\u2019s tax or comptroller office.<\/li>
              5. Choose what bakery business entity you want to operate. Its either a Limited liability Company, partnership or  a Sole Proprietorship but it is advisable to not settle for a  Sole Proprietorship to protect your personal asset from future lawsuit.<\/li>
              6. Write a business plan<\/li>
              7. Purchase equipment and supplies separate from what you use in your kitchen.<\/li>
              8. Get a business logo and order a fantastic packaging that will have your logo on it.  <\/li>
              9. Marketing strategy: this is the core heart of any business growth. Great products but no sale is the fault of poor marketing strategy, print flyers, face to face marketing, open social accounts (Facebook, Instagram, LinkedIn, Twitter etc.) don\u2019t open social accounts that you don\u2019t personally control because that is the face of your business online.<\/li>
              10. Maximize your selling point which could be online, offline, order service or specialty service.<\/strong><\/li><\/ol>\n\n\n\n

                Bakery Business Ideas<\/strong><\/h2>\n\n\n\n

                \u00b7      Bread Making<\/p>\n\n\n\n

                \u00b7      Cake Sales<\/p>\n\n\n\n

                \u00b7      Wedding Cake Creation<\/p>\n\n\n\n

                \u00b7      Candy Making<\/p>\n\n\n\n

                \u00b7      Pie Making<\/p>\n\n\n\n

                \u00b7      Vegan Bakery<\/p>\n\n\n\n

                \u00b7      Gluten-Free Bakery<\/p>\n\n\n\n

                \u00b7      Event Catering<\/p>\n\n\n\n

                \u00b7      Dessert Food Truck<\/p>\n\n\n\n

                \u00b7      Freelance Cafe Baking<\/p>\n\n\n\n

                \u00b7      Baking Supplies Store<\/p>\n\n\n\n

                \u00b7      Online baking Course Creation<\/p>\n\n\n\n

                \u00b7      Food\/baking Blogging<\/p>\n\n\n\n

                \u00b7      YouTube Personality<\/p>\n\n\n\n

                \u00b7      Baking Kit Sales<\/p>\n\n\n\n

                \u00b7      Baking App<\/p>\n\n\n\n

                \u00b7      Baking recipes or printable guides online sales<\/p>\n\n\n\n

                \u00b7      Baking Product Reviews<\/p>\n\n\n\n

                \u00b7      Baking Specialty Ingredients<\/p>\n\n\n\n

                \u00b7      Sales Pastry Chef Service<\/p>\n\n\n\n

                \u00b7      Baking Supplies Store Artisan Donuts Shop<\/p>\n\n\n\n

                Bakery Business cards<\/strong><\/h2>\n\n\n\n

                A bakery business card is a fast way to share contact information with someone it could be a potential client or partner, a business card is better than writing your number down on a piece of paper. Only important information’s are needed on a business card for example Name and business name, email address, phone number, business logo, etc. <\/p>\n\n\n\n

                Here are a sample of business cards and you can find more templates on Pinterest.com <\/a><\/p>\n\n\n\n

                \"\"<\/figure><\/div>
                \"\"<\/figure>
                \"\"<\/figure><\/div><\/div>
                \"\"<\/figure><\/div><\/div><\/div><\/div>\n\n\n\n

                Bakery Business plan<\/strong><\/h2>\n\n\n\n

                The following information should be included in your business plan formation.<\/p>\n\n\n\n