I was thinking of opening a bakery, any advice?

Question

Problems you've encountered? Things someone opening a business may not think of...etc..

Answer 1

I haven't opened a bakery but do have some information that should help you out.

Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.

Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:

* How to Open a Financially Successful Bakery by Sharon Fullen, Douglas R. Brown
* The Baker's Trade: A Recipe for Creating the Successful Small Bakery by Zachary Y. Schat
* Baking for Profit: Starting a Small Bakery by George Bathie
* Specialty Shop Retailing: How to Run Your Own Store Revised by Carol L. Schroeder

There are plenty of free informational resources out there. Check the source box for links to articles.

Hope that helps! I wish you much success & happiness in all your ventures!

Answer 2

Use this website and bookmark it for easy reference. http://www.sba.gov/ Often they can give you information that will help your business not only get off the ground but stay up and running.
The one thing you should do before you open a bakery is to take a good, hard and honest look at yourself and write down your strengths and weaknesses. We all have them. Once you know where your weaknesses are then you know where you will need to compensate. There is absolutely no shame in not being great at everything....matter of fact it shows that you are smart enough to know this and are looking for help to compensate in those area's. That's a sign of a good prospect for a business owner. Also, in knowing thyself, do you think you have the commitment to go the long haul? Is this something you love so much that you could easily bake your heart out18 hours a day from now on?
And last but most important you have to have a really good business plan and prospectus put together so that you have something to go by. This should be a five year plan. And that will take you a great amount of time to put together. You will have to be adept at estimating your projection figures for at least that long before you begin. The SCORE people who are retired executives can really help you here because they have done it all before. You can hook up with them from the SBA website, they have everything there. Also see if there is a Women In Business group or a small business group in your area and ask if you can sit in on one of their meetings. Talk to these people and they are just full of information and help.

Answer 3

Location is the key to a successfull business.

There are thinks to take into consederation:

1. food license
2. health codes
3. business license
4. taxes
5. rent a place or buy?
6. build a new location, or occupy a building are built.
7. remodeling a buliding aready built
8. total cost before grand opening
9. workman comp. (if you have employees)
10. payroll

this is just a few, there are more

Answer 4

well, I've never opened a bakery but I think that if there is a need then supply... (economic supply and demand theory) also location is a big thing, if you are not in a good location might hurt your business.

Hope it helps and good luck!

Answer 5

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