A Collection of Resources Related to Starting Bakery
So you’re considering starting your own bakery. There are a number of things you need to consider before moving forward because the following will determine what is needed.
What kind of baked goods are you planning to make? Will you make bread, pies, pastries, donuts, cakes, tarts, etc.?
How will you distribute your baked goods? Will you be selling in a retail environment or wholesale? Will your customer buy off the shelf in your bakery, or are you planning on having your product available in grocery stores? There are a lot of issues to consider.
For this post, the majority of the focus will be opening a bakery where you sell your baked goods to the local area.
Now you need to consider:
Will you be setting up a café-style bakery for people to come in and possibly have a coffee, tea, or hot chocolate while enjoying some of your delicious baked goods? Or will you be strictly selling your products out the door?
If you’re selling out the door, will your bakery be a home-based bakery or a storefront?
Once you have all the above figured out, you can start to look into what you need to get started.
Is this what you want?
The very first step of opening a business that I would advise you on is you need to know if this is the right business for you. Put money on the side for now. Sure, it’s an important part of your plans — if you’re not going to make money then why would you open your business? But my point here is, before starting a business, you want to make sure you’re getting into something you have a passion for, something you’re interested in, and something that you would do for free if you were financially set for the rest of your life.
Why would I work for free, you ask?
Good question — because starting and running a business isn’t easy, you have a lot of trial and error, and it may take years to become successful. So, if you are looking for instant success, you probably won’t find it. If you are willing to work for free, then you are dedicated to your business, you are passionate about it, and you’re interested in what you’re doing, so when problems occur, you’ll be looking for a solution rather than a way out.
Demand for Pastries
Once you have your heart set on opening your bakery, you need to check out the competition in the area. If there is a lot of competition, then you may not be able to get into the market, and a less competitive area may be a better option because, in order to succeed in an oversaturated market, you’ll need to bring something that your bakery can provide that others won’t or can’t.
Another issue to keep in mind when there is a lot of competition is that people compete on price, and when there is a price war going, it becomes a test of endurance to see which business can last the longest. With low-profit margins and low revenue, it will be very difficult to keep the lights on!
If there is no competition, then either you hit the jackpot or others have tried and there is not enough of a demand to open a bakery in the area. With low demand, you’ll also have a hard time keeping the lights on.
Now it’s time to research the business and research the industry. With accurate information, you’ll be able to make good decisions. With the wrong information, it could be devastating for you. It’s up to you to make sure you take the time and effort to do your research.
This post will get you started and lead you down the trail. You won’t be able to find everything online, but it will get you pointed in the right direction. Have a look at the selection of handpicked resources I have selected and organized into sections so that you can use them if you plan to proceed in this business.
Sections in This Post Include:
How to Start a Bakery
Bakery Trends and Statistics
Profitability and Revenue of a Bakery
Bakery Startup and Operating Costs
Licenses Needed to Start a Business
How to Finance Your Business
Bakery Business Plans
Software For A Bakery
Bakery Businesses for Sale
Bakery Franchise Opportunities
Is Running a Business the Right Move for You?
Business Startup Checklist
A Day in the Life of an Owner
Skill Set Needed to Run a Business
Tips for Marketing a Bakery
Bakery Article Mix
Resources for Running a Business
Blogs Related Baking
Industry-Related Trade Publications
Books Related To Baking
The Latest about Starting A Bakery
Latest News Related to Starting A Bakery
Tweets Related to Starting A Bakery
Videos Related to Starting A Bakery
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