If you are turning your passion for baking into business and need to prepare a business plan, there are certain things which should be considered and included.
Things to consider before making a business plan:
1. Decide on the type of bakery you want to start with
Firstly decide the type of bakery you want to start with.
You can go for home baking, a counter service with no seating arrangements for customers, speciality bakery with all baked goods, a bakery cafe, online bakery business, or wholesale bakery business.
2. Decide on the location
Decide on the location of the business considering the fact that it should be accessed conveniently and the raw materials should also be able to reach the bakery on time.
3. Decide on the equipment you would require
Decide on the equipment that you would require for the business for storage, for display, baking equipment, etc.
4. Decide if you would require a loan
Make a decision of taking a loan after understanding the eligibility criteria of the lender.
What should a bakery business plan have:
1. Business summary
This will contain what the business is about and the objectives.
2. Business offerings
This will include what the business will offer to its customers, cakes, cupcakes, bread, etc.
3. Information on the management of the business
This will include the number of employees that will be needed, information on the owner of the business, how many partners would run the business, etc.
4. Marketing strategy
This will information on how you plan to market your shop or business. Using social media, by giving some offers and deals, etc.
5. Financial projections
This will include the funds needed for the business, how will they be arranged, how you are planning to use them, the profits you expect in the future, etc.
If you want a loan for your bakery business without security, you can contact Gromor Finance for quick loans!
