The industry is highly fragmented: The profitability of individual child care facilities depends on good marketing and efficient operations.
Enter your email to reset your password Or sign up using: Sign in if you're already registered. Hill iStock Sugar and spice and everything nice — that's what bakeries are made of, right?
The model looks easy enough when it seems like a new cupcake bakery opens every week. Private research firm AnythingResearch.
This guide will show you how to perfect your recipe for success. How to Write a Bakery Business Plan: Conduct a Market Study There's little doubt that bakeries are big. Bakeries, pastry shops, and bagel sellers are growing at a rate of 5 percent, according to AnythingResearch.
To figure out if a bakery can provide you with a sweet payoff, however, you've got to have a plan. Next, after determining a research-based sales estimate, look at cost structure, which O'Donnell says starts with building and equipment.
He suggests the following questions: Once these costs are known, then costs of ingredients and packaging can be determined from sales projections and current commodity costs, O'Donnell said. But don't forget staffing needs, transportation and distribution.
Determine the number of people needed for production, sales, and their projected salary and benefits. Finally, estimate all overhead costs and sources of income to help determine your required financing. Sound like too much work? Software or Business Professional? No need to worry about your lack of business school credentials.
Online resources can assist in formulating your bakery business plan such as this sample on Bplans. The "Cupcakes Take the Cake" blog had an active discussion about a year ago featuring a video log of Cincinnati's Funky Brick Bakery efforts to launch its business.
And there's software, such as Business Plan Pro, to help you along. Neither O'Donnell nor Sapienza is completely sold on the software, however.
Kevin VanDeraa, owner of Cupcake in Minneapolis, opted for a hybrid approach when developing his plan. He used software and took advantage of the local chapter of SCOREwhich prides itself on being "counselors to America's small businesses.PE SBA Manager Shell Sba ; this guide.
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