Today is the day that you have decided to offer the world your signature recipes and easy-to-love desserts. Your expertise and love for what you do endorse this decision. You are ready to open your very own bakery. But before you open your doors, there are some key elements to consider that can make or break your venture.
Here are 3 pieces of advice to tackle your new business endeavor with confidence.
You are embarking on an adventure very few are brave enough to begin. The journey is unpredictable and will come with its fair share of triumphs and defeats. Developing a strong support system can benefit you in a magnitude of measures, from pushing through the trials to helping you welcome in your first customers.
Here are a few ways to develop and expand a support system:
* Tell your friends and family about your latest business endeavors. After all, they will be partially responsible for proclaiming the kickoff of your bakery!
* Hire help. Baking, Selling, Marketing, Oh my! Your plate is overflowing before you have even begun the process. Delegating certain responsibilities to others capable of the task will boost productivity and peace of mind.
* Blog about it. Writing about your goals and experiences along the way is a great way to celebrate (and vent) along with your business journey. Throwing these out into the universe can rally a few comrades who will admire you before they even get a taste of your one-of-a-kind treats.
Most importantly, do not forget to update your support system. They can only help you if you allow them to know what is going on.
Commercial ovens and large refrigerators for storage? Check. Bakewares and ingredients? Check. Legal operations and preparedness for unforeseen risks?
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Countless hours are spent worrying about a fully stocked kitchen, the response to your uniquely engineered tiramisu, or the immediate take off of your business. However, there are several overlooked risks many bakers face that can be threatening to their business’ existence. You need to be equipped with a game plan and response to situations involving the legitimacy of your business ownership or if your business becomes vulnerable to such occurrences as a fire or prolonged closure, (for example).
Consider these necessary measures to ensure the success of your bakery:
Be aware of state required licenses and permits. Licenses and permits grant you the authority to operate a business and the means to comply with federal and state regulations. Be sure to do your research on which licenses and permits are required of you in your state of residence prior to advancing into production.
* Get coverage. Beyond minor hiccups, there are severe risks that bakers face, from food spoilage and property damage to loss of income and employee dishonesty. Bakery insurance can safeguard your investment by protecting an assortment of matters. Because a bakery insurance cost is determined by various factors, there is no definitive price for all bakeries. Request a free quote to consult your budget.
The planning and preparation stages of your business won’t always be a piece of cake. Often times, you will hear that little voice in your head discourages you from your work.
Here are a few ways to maintain your entrepreneurial spirit:
* Ask yourself what makes your bakery unique. Is your macaron buttercream filling a harmonious marriage of decadent flavors? Will your display case be blossoming with pastries wrapped in ribbons of chocolate? Can you smell the fresh bread in the oven from around the corner? Compile a list of all the wonderful and incomparable characteristics that will set your bakery apart from the rest.
* Do your research. Consider what strategies have worked and which haven’t in the business world. Feel free to check out the “competition” to gain insight into what has helped them climb their ladders to success. This can spark creativity in your business plan and the artistry of your baking.
Remind yourself why you started. If that discouraging feeling lingers on, remind yourself why you started. Rediscover that same flame you held within you when you first decided to open your bakery. You must be patient in the sacrifices you make. The journey may be cumbersome, but the rewards will be infinite.
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