You have been a home baker for quite a while now and you believe it is now time to expand the business. It is now time to take a step towards that one dream that you have had for a long time now.
But how exactly do you go on about starting your very own bakery? It surely isn’t just another round in the park. It takes plenty of planning, mistakes, consistency, and patience to get things right when it comes to opening your own bakery. After all, you want to spread happiness with a dash of sweetness among your customers, you cannot rush things here.
In this world of digitalization, technology and business have surely found a place to come together. This means that there are now plenty of tools that can help make this entire process of planning, managing employees, managing operations, and more a lot easier.
Take a time tracking app, for instance. You can easily measure every bit of time-related aspects with this tool. How long does it take to bake a cake, how long was your employee not at their workstation, or even how many of your waiters or bakers are on a leave? Every little time-related aspect.
In this article, we are unveiling a few tips and tools that all the top restaurateurs and bakers swear by.
. Start by studying the market
The first step before starting any business is to see what the competitors are up to. The main objective of this research should be to get inspired by what’s already happening in the niche, to see what difference you can bring to the table, and to figure out the number of franchises or independent bakeries that are already there in your area of preference.
. Develop a strong business plan
You will be lost without a proper business plan in place. It is a tool that helps you plan and delegate your budget in an organized manner. This plan also consists of the name of your bakery, your mission, vision, the overall business structure, competitor analysis, descriptions, pricing, marketing plans, operations, equipment, inventory, supply chain, staff, and more.
. Check your finances
It takes a huge chunk of capital to start a bakery so you need to make sure you are ready for it. You can maybe use budgeting tools to help you figure out how much you can afford on your own and how much loan you will be required to apply for. Keep in mind that it can take around 6 to 12 months to bring in profit. So, you should initially have enough for a year to cover rent, salaries, raw materials, etc.
. Make a list and buy the necessary equipment
One of the major expenses that you will incur is on the equipment that you will buy. Purchasing these assets is inevitable as you would need these tools to run your baking operations. Also, when you are making this list, ensure that you are prioritizing them simultaneously. You can always buy extra tools and upgrade once the bakery picks up its pace.
. Start designing your interiors
So you have your location, you have the budget reserved for the building, you have the concept ready, and you already know the equipment that is needed. Now, it’s time to start beautifying your bakery and add that vibe that you have been waiting for. Make sure you have the entire atmosphere, the front, and the back plans ready before jumping into this exciting step.
. Find a decent payment system
Next comes the payment systems. Figure out the most convenient payment system that works for you. Read about all the tax deductions that come with plastic money, laws of mobile payments, get yourself a cash register, etc. before taking this decision. You can also opt to rent an ePOS system.
. Get the licenses and permits
Licenses and permits are one of the most important aspects of running a bakery if you don’t want to get caught in anything illegal. Make sure you do all the paperwork before the opening date of your bakery.
. Market your bakery
Once your bakery is all set and ready for the customers, it is time to make it visible among your customers. You can use social media scheduling tools, content creation tools, and many more such digital marketing tools to make this process easy for you. Also, do not forget to take customer feedback so that you can improve as you grow.
Opening a bakery is no joke. However, the right plan, patience, and tools can certainly help make this process a lot less overwhelming.