What To Consider When Starting A Bakery

Running your own store is a difficult job. It is also very rewarding, which is why some people choose to accept the challenge. A bakery, however, is different from most shops and stores. How do you find out if owning and running a bakery is right for you? Let's look at some questions you should ask yourself before starting a bakery. Also, we'll highlight some things to consider.

Test Yourself: Is A Bakery Right For You?

It's important to know your strengths and weaknesses before starting a bakery. Have a look at these statements:

  • I like talking to people.
  • I understand food and I like bakery products and baking.
  • I understand what people want.
  • I can adapt to changes in people's habits.
  • I'm creative.
  • I can motivate people and be a leader.
  • I'm good at keeping things clean.
  • I don't mind working when other people have off.
  • I can live with a changing income.
  • My family approves of the idea.
  • I'm good at planning and organizing.

If your response to most of these statements is a solid "absolutely" or "that's me" then you should continue with your plans of starting a bakery.

How are you going to start?

There are different approaches you can take when starting a bakery business. You can buy an existing store. This way you can get started faster since you're buying an established business. You'll get all the machines, tools and premises. Also, the customers will most likely already know you. Another option is to join a franchise. It's not the most common way to start a bakery, but it does come with certain advantages: You can start your business with a solid brand behind you and you may receive tools and training that you need to run your bakery. The third option is to build your business from scratch. This is probably the most rewarding way of creating your business because you get to influence all decisions right from the beginning. You get to decide everything, unlike with a franchise, but mistakes could be expensive and the learning curve may be steep.

Stand Out From The Crowd

In any industry with competitors it's important to stand out. This is true for bakeries as well. Ask yourself how your shop will offer something different from other bakeries. Why will customers choose your bakery over the one around the corner? These days bakeries sell other things than bread. Consider selling sandwiches when the morning rush is over and specialize in desserts, coffee or tea. There are many ways to stand out. You can also offer special take-away options for your busy customers.

Location Is Everything

Alright, maybe location is not everything, but location is very important for a bakery. You need to study the surroundings before deciding on a location. Is the area full of people? Do people take their time to look at shops? Is it a nice area? Who live and work in the area? It's also a good idea to look at what other shops are in the area. Other specialty shops in the area like a butchers and a greengrocer could be an advantage to your shop.

Financing

Your can't start a bakery without money. This issue can also be solved in various ways: Saving money is an option for some people. investors could be an option two or getting a loan from your bank. In any case you should create a budget for your company and also establish how much money you'll need to start your business. Then talk to your bank or family about the options.

Good luck on your baking business adventures!

Diana is the owner of Baking with Love, a bakery specializing in celebration cakes and bespoke cakes in Denmark.

Apart from creating wonderful celebration cakes and wedding cakes, Diana has a passion for entrepreneurialism and start-up businesses.

Visit http://www.bakingwithlove.dk/en/ for more info on Diana and her cake business.

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