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Competition is usually fierce, with many franchises and established retail bakeries in the market.
With the right combination of careful planning and dedication, our blueprint will empower you to successfully start your own bakery.
If you are unable to fund the bakery on your own, you will need to take out a loan.
The most common ways to get funding for your bakery are commercial loans, business lines of credit and small business loans.
Get detailed info on location, equipment, investment cost, licenses, employees, and more in our step-by-step guide to starting a bakery.
Updated on July 18th, 2019 The SMB Guide is reader-supported.The traditional plan is very detailed, takes more time to write and is quite comprehensive, while the lean startup plan is high-level, written quickly and only contains key elements.The main sections of your bakery business plan must include the following: Opening a bakery involves many costs.They require collateral and the approval process may take longer than other loan types.The commercial space that you require is determined by the type of bakery you wish to open.I would chalk up the difference in these two different results to the person’s understanding of business knowledge. Here are a few of the most common mistakes in staring a cake business that you should strive to avoid.#1: Undercharging For Your Time And Talent This is a typical mistake that almost all new cake decorators make, usually because they start out as an amateur who realizes they can earn money doing what they already love to do.There are many variations of retail bakeries, with each type specializing in specific baked goods.Make a list of the names that you like and then check those names in the U. trademark database to see if those names or similar names are taken.It’s one thing to be a talented cake decorator, but something quite different to be the owner of a successful cake business.In fact, we’ve seen many technically talented bakers suffer through difficult times, while observing others with less experience and skill achieve great success in business. Gerber calls “technicians.” As a result, it’s not the most talented cake decorator who thrives, but the best marketer and business-minded baker.