
Your cakes go viral on social media, you’ve saved up plenty of cash, and you’re ready to live out your fondant-covered dreams and go pro. Your goals: turning your love of baking into a business.
But before you do anything you need to write a business plan. This document works through every last detail of your cake business: its focus, what the cakes will look like, who your customers will be, and what everything will cost. It’s also an essential part of applying for loans from investors or banks.
You may be an incredible baker with a secret sugar-flower formula up your sleeve, but launching a business is no cake walk. Still, if you’ve got a smart business plan — and truly extraordinary baked goods — you might just see your profits multiplying like mini cupcakes.
Ready to document your dream?
1. Know Your Product
You need to be able to describe in detail what you’re planning to offer customers and why it’s unique. Maybe you want to sell chic, modern wedding cakes. Maybe you want to focus on charming, quirky cakes for kid’s birthday parties. Write it all out! This will help distill your vision and strengthen your brand.
2. Research Your Competition
Chances are there are several if not dozens of bakeries in your hometown. Do some research on their pricing, customer base, cake flavors, and branding — not to copy them, but to see what’s out there and help you find your own niche.
3. Identify Your Target Market
Think about the kind of person who might want to buy your cakes. It may help to create a survey that you can send to friends and family (ask them to pass it along to their networks as well). This will help you figure out what your customers want and how to give it to them.
4. Make a Budget
How much money will you need? Create a realistic budget — and don’t assume your numbers will be the same as your competitors. Anticipate bumps in the road and plan for them.
Think about your monthly revenue. What’s your best-case scenario? Worst-case scenario? Contingency plan? Can you squirrel some money away in case things get really tight? Think about what you’ll need down to the last dollar.
Remember, you may be writing checks for a commercial space to lease, commercial ovens, refrigerators, workspaces, lighting, flooring, and seating. You may need to hire contractors and other workers to help install equipment, plumbing, and lighting. You’ll need a logo for your business, signage for your shop, a website, and possibly staff. You’ll need cake boxes, cupcake liners, cake boards and of course lots and lots of butter, cream and eggs.
That’s a lot of wear-and-tear on your credit cards. Before you move ahead, make sure you’ve got everything covered.
5. Nail Down a Marketing and Promotion Plan
It doesn’t matter if you bake the best cakes in the universe if no one knows you exist. Make sure to get the word out on social media — an online presence can really lift your business.
6. Prepare to Work Hard
Like any successful business, you’ll need to work 24/7 for a good long while to achieve success. But if this is your dream, go for it. You’re about to jump onto a very exhausting, exhilarating ride!
Please I need a good business proposal business plan to start a confectionery business(cake parfait business,cookies production)
Please I need a good business plan
Please I need a good cake business plan I want to open a cake shop and I also wants to go commercial.
please i need a cake business plan
How too start cake business
I wish to get a good cake business proposal plan
interested in cake barking
Hi I have been running a home based cake business from past 3 years,I wish to go a level up and open up a cake shop in town area. I seek your advice and help in making a business plan
Send me a sample of cake and pastry business plan.
I need a business plan for commercial cake making
Good 👍
Pls I need your help in regards to setting up a business plan, thanks
Pls i need a good business plan
I want to move my cakes to commercial
Pls I need your help regarding setting up a business plan for a cake business going commercial
please i need a cake plan i want to move from home baking of cakes to commercial
Please i want you help me with a business plan
I need a cake business plan
Please i want you help me with a business plan
Please send me a sample of a cake business cake
Please! I have been running a homes base cake business for a while now and wish to take it up, need help with getting a good business plan.
Send me sample of the cake business plan
Please i will like to get a cake business plan
I need you to help me with a business plan on cake business.
Please I will like to get a cake business plan for my business
Please send me a business plan
Interested in starting was cake business (particular type). Do you have a sample plan that has already been created that I could amend to my needs?
Please I need your help for how to write a business plan for cake please sample of it
The website is educative
Have been looking for a plan like this!!!
More information on all sections
More information on Cake business plan.
The cake making talent is a known. Elaborating on the business logistics like forming an LLC and funding. needs more than a mention.
Need more information
Please I will like to get a cake business plan for my business
please i will like to get a cake business plan for my business
Good piece of write up.
Request more information about baking start up for cakes pastries and bread rolls
I want a cake business plan
It is very expressive
Beautiful outline
I want to have a good business plan
I request an eye catching business plan for cake baking
Please I need a good cake business plan
What about books?
Reconciliation maybe, planning books, or any other that keeps track of how your business is going. And the books layout.
I need a business plan.. Because I’m baking from my home
Looks practical but no provision operational consideration.
I find this wrte up very useful
Nice writeup
I need a business plan
I want need business plan
Thanks for the write up
I’m looking to start a cake business out of my home. i make great cake, but have never ran a business before.
I make cake at home and i want to start a cake baking and cake decoration as business. How do I start?
I want to know how to make cake
I want a business plan
I am a passionate finance professional ready to provide business plan writing services. I have over five years experience doing this for different business lines.
Please I need a business plan
nice